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USD/CZK
USD CZK
- CZK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDCZK
ISIN:

USD/CZK - 1H - Technical analysis published on 02/08/2024 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 23.3130 CZK
My targets
23.5690 CZK (+0.1476)
23.9421 CZK (+0.5207)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/CZK as long as the price remains well above 23.3130 CZK. The buyers' bullish objective is set at 23.5690 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 23.9421 CZK. If there is any crossing, the next objective would be the resistance located at 24.1831 CZK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4

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.

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

Additional analysis

Quotes

The USD/CZK rating is 23.4214 CZK. On the day, this instrument gained +1.11% and was traded between 23.1255 CZK and 23.4558 CZK over the period. The price is currently at +1.28% from its lowest and -0.15% from its highest.

23.1255
23.4558
23.4214

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of USD/CZK indicates that the overall trend is strongly bullish. 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 does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish harami cross

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 23.2191 23.2738 23.3130 23.4214 23.4365 24.1831 26.0304
Change (%) -0.86% -0.63% -0.46% - +0.06% +3.25% +11.14%
Change -0.2023 -0.1476 -0.1084 - +0.0151 +0.7617 +2.6090
Level Intermediate Minor Intermediate - Major Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.033023.081423.122423.170823.211823.260223.3012
Camarilla23.138923.147123.155323.163523.171723.179923.1881
Woodie23.029423.079623.118823.169023.208223.258423.2976
Fibonacci23.081423.115523.136623.170823.204923.226023.2602


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.582622.698322.911423.027123.240223.355923.5690
Camarilla23.034023.064123.094323.124423.154523.184723.2148
Woodie22.631222.722722.960023.051523.288823.380323.6176
Fibonacci22.698322.823922.901523.027123.152723.230323.3559


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.797122.049822.512122.764823.227123.479823.9421
Camarilla22.777822.843322.908922.974423.039923.105523.1710
Woodie21.901922.102222.616922.817223.331923.532224.0469
Fibonacci22.049822.322922.491722.764823.037923.206723.4798

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 75.96
MACD (12,26,9): 0.0705
Directional Movement: 27.0393
AROON (14): 35.7143
DEMA (21): 23.3943
Parabolic SAR (0,02-0,02-0,2): 23.2427
Elder Ray (13): 0.0672
Super Trend (3,10): 23.2993
Zig ZAG (10): 23.4195
VORTEX (21): 1.2979
Stochastique (14,3,5): 90.51
TEMA (21): 23.4480
Williams %R (14): -11.08
Chande Momentum Oscillator (20): 0.2855
Repulse (5,40,3): 0.0340
ROCnROLL: 1
TRIX (15,9): 0.0306
Courbe Coppock: 2.28
MA7: 23.1335
MA20: 22.9006
MA50: 22.6208
MA100: 22.8035
MAexp7: 23.4011
MAexp20: 23.3128
MAexp50: 23.2423
MAexp100: 23.1837
Price / MA7: +1.24%
Price / MA20: +2.27%
Price / MA50: +3.54%
Price / MA100: +2.71%
Price / MAexp7: +0.09%
Price / MAexp20: +0.47%
Price / MAexp50: +0.77%
Price / MAexp100: +1.03%

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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