USD/CZK - 1H - Technical analysis published on 10/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 23.2998 CZK
My targets
23.4430 CZK (+0.0847)
23.6634 CZK (+0.3051)
My analysis
The basic bullish trend is very strong on USD/CZK but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 23.2998 CZK. Crossing the first resistance at 23.4430 CZK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 23.6634 CZK as an objective. Crossing it would then enable buyers to target 23.8148 CZK. Caution, a return to below 23.2998 CZK would be a sign of a consolidation phase in the short-term basic trend. 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
0
10
7.5
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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 rating is 23.3583 CZK. The price is lower by -0.04% since the last closing and was traded between 23.3133 CZK and 23.3753 CZK over the period. The price is currently at +0.19% from its lowest and -0.07% from its highest.23.3133
23.3753
23.3583
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/CZK indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.1014 | 23.1970 | 23.2998 | 23.3583 | 23.3674 | 23.4430 | 23.6634 |
| Change (%) | -1.10% | -0.69% | -0.25% | - | +0.04% | +0.36% | +1.31% |
| Change | -0.2569 | -0.1613 | -0.0585 | - | +0.0091 | +0.0847 | +0.3051 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Major | Minor |
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 | -10,301.5052 | -5,139.1440 | -2,557.8888 | 2,604.4724 | 5,185.7276 | 10,348.0888 | 12,929.3440 |
| Camarilla | -2,106.1280 | -1,396.2965 | -686.4650 | 23.3665 | 733.1980 | 1,443.0295 | 2,152.8610 |
| Woodie | -11,592.0581 | -5,784.4205 | -3,848.4417 | 1,959.1959 | 3,895.1747 | 9,702.8123 | 11,638.7911 |
| Fibonacci | -5,139.1440 | -2,181.0826 | -353.5891 | 2,604.4724 | 5,562.5338 | 7,390.0273 | 10,348.0888 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.8225 | 22.9613 | 23.0899 | 23.2287 | 23.3573 | 23.4961 | 23.6247 |
| Camarilla | 23.1451 | 23.1696 | 23.1941 | 23.2186 | 23.2431 | 23.2676 | 23.2921 |
| Woodie | 22.8175 | 22.9588 | 23.0849 | 23.2262 | 23.3523 | 23.4936 | 23.6197 |
| Fibonacci | 22.9613 | 23.0634 | 23.1265 | 23.2287 | 23.3308 | 23.3939 | 23.4961 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.9812 | 22.1809 | 22.4134 | 22.6131 | 22.8456 | 23.0453 | 23.2778 |
| Camarilla | 22.5271 | 22.5667 | 22.6063 | 22.6459 | 22.6855 | 22.7251 | 22.7648 |
| Woodie | 21.9976 | 22.1891 | 22.4298 | 22.6213 | 22.8620 | 23.0535 | 23.2942 |
| Fibonacci | 22.1809 | 22.3460 | 22.4480 | 22.6131 | 22.7782 | 22.8802 | 23.0453 |
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): | 56.71 | |
| MACD (12,26,9): | 0.0078 | |
| Directional Movement: | 99.8456 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 23.3600 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,233.0830 | |
| Elder Ray (13): | 0.0071 | |
| Super Trend (3,10): | 11.3212 | |
| Zig ZAG (10): | 23.3605 | |
| VORTEX (21): | 0.9992 | |
| Stochastique (14,3,5): | 79.36 | |
| TEMA (21): | 23.3548 | |
| Williams %R (14): | -24.03 | |
| Chande Momentum Oscillator (20): | 0.0205 | |
| Repulse (5,40,3): | 0.0871 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0048 | |
| Courbe Coppock: | 0.08 |
| MA7: | 23.2661 | |
| MA20: | 23.0311 | |
| MA50: | 22.7801 | |
| MA100: | 22.9890 | |
| MAexp7: | 23.3547 | |
| MAexp20: | 23.3484 | |
| MAexp50: | 23.3267 | |
| MAexp100: | 23.2946 | |
| Price / MA7: | +0.40% | |
| Price / MA20: | +1.42% | |
| Price / MA50: | +2.54% | |
| Price / MA100: | +1.61% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.27% |
Quotes :
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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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