USD/CZK - Daily - Technical analysis published on 10/20/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 24.4839 CZK
My targets
25.6095 CZK (+0.4463)
26.0304 CZK (+0.8672)
My analysis
USD/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 24.4839 CZK. The next resistance located at 25.6095 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 26.0304 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
7.3
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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 25.1632 CZK. The price has increased by +0.15% since the last closing with the lowest point at 25.1134 CZK and the highest point at 25.1713 CZK. The deviation from the price is +0.20% for the low point and -0.03% for the high point.25.1134
25.1713
25.1632
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of USD/CZK in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, only 9 technical indicators out of 18 studied are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 22.9378 | 23.4329 | 24.4839 | 25.1632 | 25.6095 | 26.0304 |
| Change (%) | -8.84% | -6.88% | -2.70% | - | +1.77% | +3.45% |
| Change | -2.2254 | -1.7303 | -0.6793 | - | +0.4463 | +0.8672 |
| Level | Intermediate | Major | Major | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.6804 | 24.7842 | 24.9555 | 25.0593 | 25.2306 | 25.3344 | 25.5057 |
| Camarilla | 25.0512 | 25.0764 | 25.1016 | 25.1268 | 25.1520 | 25.1772 | 25.2025 |
| Woodie | 24.7142 | 24.8011 | 24.9893 | 25.0762 | 25.2644 | 25.3513 | 25.5395 |
| Fibonacci | 24.7842 | 24.8893 | 24.9542 | 25.0593 | 25.1644 | 25.2293 | 25.3344 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.6477 | 24.8631 | 25.0820 | 25.2974 | 25.5163 | 25.7317 | 25.9506 |
| Camarilla | 25.1815 | 25.2213 | 25.2611 | 25.3009 | 25.3407 | 25.3805 | 25.4203 |
| Woodie | 24.6495 | 24.8640 | 25.0838 | 25.2983 | 25.5181 | 25.7326 | 25.9524 |
| Fibonacci | 24.8631 | 25.0290 | 25.1315 | 25.2974 | 25.4633 | 25.5658 | 25.7317 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.3483 | 23.2160 | 24.1479 | 25.0156 | 25.9475 | 26.8152 | 27.7471 |
| Camarilla | 24.5849 | 24.7499 | 24.9148 | 25.0798 | 25.2448 | 25.4097 | 25.5747 |
| Woodie | 22.3804 | 23.2321 | 24.1800 | 25.0317 | 25.9796 | 26.8313 | 27.7792 |
| Fibonacci | 23.2160 | 23.9035 | 24.3282 | 25.0156 | 25.7031 | 26.1278 | 26.8152 |
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): | 53.85 | |
| MACD (12,26,9): | 0.0949 | |
| Directional Movement: | 0.8893 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 25.2005 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.5932 | |
| Elder Ray (13): | 0.0411 | |
| Super Trend (3,10): | 25.8607 | |
| Zig ZAG (10): | 25.1585 | |
| VORTEX (21): | 1.0609 | |
| Stochastique (14,3,5): | 52.77 | |
| TEMA (21): | 25.1532 | |
| Williams %R (14): | -36.31 | |
| Chande Momentum Oscillator (20): | 0.5825 | |
| Repulse (5,40,3): | 0.3179 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0736 | |
| Courbe Coppock: | 0.03 |
| MA7: | 25.1353 | |
| MA20: | 25.1535 | |
| MA50: | 24.7857 | |
| MA100: | 24.3099 | |
| MAexp7: | 25.1125 | |
| MAexp20: | 25.0536 | |
| MAexp50: | 24.7867 | |
| MAexp100: | 24.3509 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | +0.04% | |
| Price / MA50: | +1.52% | |
| Price / MA100: | +3.51% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.43% | |
| Price / MAexp50: | +1.51% | |
| Price / MAexp100: | +3.33% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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