USD/CZK

- CZK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	USDCZK
ISIN:

USD/CZK - Daily - Technical analysis published on 08/31/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 24.0998 CZK

My targets

24.8050 CZK (+0.3087)

25.6095 CZK (+1.1132)

My analysis

The bullish trend is currently very strong on USD/CZK. As long as the price remains above the support at 24.0998 CZK, you could try to benefit from the boom. The first bullish objective is located at 24.8050 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 25.6095 CZK as an objective. Crossing it would then enable buyers to target 26.0304 CZK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The USD/CZK price is 24.4963 CZK. The price registered an increase of +0.00% on the session with the lowest point at 24.4675 CZK and the highest point at 24.5109 CZK. The deviation from the price is +0.12% for the low point and -0.06% for the high point.

24.4675

24.5109

24.4963

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by USD/CZK:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this USD/CZK chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bullish harami cross

Type : Bullish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	23.4329	23.7308	24.4839	24.4963	24.8050	25.6095	26.0304
Change (%)	-4.34%	-3.12%	-0.05%	-	+1.26%	+4.54%	+6.26%
Change	-1.0634	-0.7655	-0.0124	-	+0.3087	+1.1132	+1.5341
Level	Major	Intermediate	Major	-	Intermediate	Minor	Major

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	24.2245	24.3353	24.4160	24.5268	24.6075	24.7183	24.7990
Camarilla	24.4439	24.4615	24.4791	24.4966	24.5142	24.5317	24.5493
Woodie	24.2094	24.3278	24.4009	24.5193	24.5924	24.7108	24.7839
Fibonacci	24.3353	24.4085	24.4537	24.5268	24.6000	24.6452	24.7183

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.9374	24.1762	24.4356	24.6744	24.9338	25.1726	25.4320
Camarilla	24.5579	24.6036	24.6492	24.6949	24.7406	24.7862	24.8319
Woodie	23.9476	24.1814	24.4458	24.6796	24.9440	25.1778	25.4422
Fibonacci	24.1762	24.3666	24.4841	24.6744	24.8648	24.9823	25.1726

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22.5898	23.0986	23.5910	24.0998	24.5922	25.1010	25.5934
Camarilla	23.8080	23.8998	23.9915	24.0833	24.1751	24.2669	24.3586
Woodie	22.5815	23.0945	23.5827	24.0957	24.5839	25.0969	25.5851
Fibonacci	23.0986	23.4811	23.7174	24.0998	24.4823	24.7186	25.1010

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.50
MACD (12,26,9):	0.1645
Directional Movement:	7.4449
AROON (14):	57.1429
DEMA (21):	24.5951
Parabolic SAR (0,02-0,02-0,2):	24.1160
Elder Ray (13):	0.0143
Super Trend (3,10):	23.9702
Zig ZAG (10):	24.4958
VORTEX (21):	1.1022
Stochastique (14,3,5):	71.85
TEMA (21):	24.6503
Williams %R (14):	-31.20
Chande Momentum Oscillator (20):	0.4317
Repulse (5,40,3):	-0.4265
ROCnROLL:	1
TRIX (15,9):	0.0847
Courbe Coppock:	5.83

MA7:	24.6366
MA20:	24.2812
MA50:	24.1291
MA100:	23.6891
MAexp7:	24.5521
MAexp20:	24.3878
MAexp50:	24.1062
MAexp100:	23.7099
Price / MA7:	-0.57%
Price / MA20:	+0.89%
Price / MA50:	+1.52%
Price / MA100:	+3.41%
Price / MAexp7:	-0.23%
Price / MAexp20:	+0.44%
Price / MAexp50:	+1.62%
Price / MAexp100:	+3.32%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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