NZD/CZK - 1H - Technical analysis published on 01/24/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 15.048 CZK
My targets
15.117 CZK (+0.036)
15.242 CZK (+0.161)
My analysis
NZD/CZK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 15.048 CZK. The next resistance located at 15.117 CZK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 15.242 CZK. After this resistance, buyers could then target 15.304 CZK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/CZK rating is 15.081 CZK. The price has increased by +0.11% since the last closing and was between 15.046 CZK and 15.083 CZK. This implies that the price is at +0.23% from its lowest and at -0.01% from its highest.15.046
15.083
15.081
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/CZK:
Technical
A technical analysis in 1H of this NZD/CZK chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.981 | 15.011 | 15.048 | 15.081 | 15.095 | 15.242 | 15.304 |
| Change (%) | -0.66% | -0.46% | -0.22% | - | +0.09% | +1.07% | +1.48% |
| Change | -0.100 | -0.070 | -0.033 | - | +0.014 | +0.161 | +0.223 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.829 | 14.880 | 14.972 | 15.023 | 15.115 | 15.166 | 15.258 |
| Camarilla | 15.026 | 15.039 | 15.052 | 15.065 | 15.078 | 15.091 | 15.104 |
| Woodie | 14.851 | 14.890 | 14.994 | 15.033 | 15.137 | 15.176 | 15.280 |
| Fibonacci | 14.880 | 14.934 | 14.968 | 15.023 | 15.077 | 15.111 | 15.166 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.605 | 14.726 | 14.861 | 14.982 | 15.117 | 15.238 | 15.373 |
| Camarilla | 14.925 | 14.948 | 14.972 | 14.995 | 15.019 | 15.042 | 15.065 |
| Woodie | 14.611 | 14.730 | 14.867 | 14.986 | 15.123 | 15.242 | 15.379 |
| Fibonacci | 14.726 | 14.824 | 14.885 | 14.982 | 15.080 | 15.141 | 15.238 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.499 | 14.694 | 14.972 | 15.167 | 15.445 | 15.640 | 15.918 |
| Camarilla | 15.120 | 15.163 | 15.207 | 15.250 | 15.293 | 15.337 | 15.380 |
| Woodie | 14.541 | 14.715 | 15.014 | 15.188 | 15.487 | 15.661 | 15.960 |
| Fibonacci | 14.694 | 14.875 | 14.986 | 15.167 | 15.348 | 15.459 | 15.640 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 67.82 | |
| MACD (12,26,9): | 0.0220 | |
| Directional Movement: | 11.274 | |
| AROON (14): | 78.571 | |
| DEMA (21): | 15.078 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.080 | |
| Elder Ray (13): | 0.009 | |
| Super Trend (3,10): | 15.015 | |
| Zig ZAG (10): | 15.074 | |
| VORTEX (21): | 1.2150 | |
| Stochastique (14,3,5): | 70.08 | |
| TEMA (21): | 15.081 | |
| Williams %R (14): | -22.86 | |
| Chande Momentum Oscillator (20): | 0.009 | |
| Repulse (5,40,3): | 0.1270 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0250 | |
| Courbe Coppock: | 0.47 |
| MA7: | 14.994 | |
| MA20: | 15.057 | |
| MA50: | 15.041 | |
| MA100: | 14.908 | |
| MAexp7: | 15.065 | |
| MAexp20: | 15.048 | |
| MAexp50: | 15.011 | |
| MAexp100: | 14.989 | |
| Price / MA7: | +0.58% | |
| Price / MA20: | +0.16% | |
| Price / MA50: | +0.27% | |
| Price / MA100: | +1.16% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.47% | |
| Price / MAexp100: | +0.61% |
This member declared not having a position on this financial instrument or a related financial instrument.
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