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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 10/25/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 23.3761 CZK
My targets
23.4430 CZK (+0.0247)
23.4756 CZK (+0.0573)
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 23.3761 CZK. The buyers' bullish objective is set at 23.4430 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 23.4756 CZK. If there is any crossing, the next objective would be the resistance located at 23.6634 CZK.

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
7.3

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

USD/CZK rating 23.4183 CZK. The price has increased by +0.56% since the last closing and was traded between 23.2772 CZK and 23.4268 CZK over the period. The price is currently at +0.61% from its lowest and -0.04% from its highest.

23.2772
23.4268
23.4183

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

Central Records

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 bullish. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

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 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour


Bearish harami cross

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 23.2577 23.3136 23.3761 23.4183 23.4430 23.4756 23.6634
Change (%) -0.69% -0.45% -0.18% - +0.11% +0.24% +1.05%
Change -0.1606 -0.1047 -0.0422 - +0.0247 +0.0573 +0.2451
Level Minor Intermediate Intermediate - Major Minor Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.049423.160023.223823.334423.398223.508823.5726
Camarilla23.239723.255723.271723.287723.303723.319723.3357
Woodie23.026123.148323.200523.322723.374923.497123.5493
Fibonacci23.160023.226623.267823.334423.401023.442223.5088


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.822522.961323.089923.228723.357323.496123.6247
Camarilla23.145123.169623.194123.218623.243123.267623.2921
Woodie22.817522.958823.084923.226223.352323.493623.6197
Fibonacci22.961323.063423.126523.228723.330823.393923.4961


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.981222.180922.413422.613122.845623.045323.2778
Camarilla22.527122.566722.606322.645922.685522.725122.7648
Woodie21.997622.189122.429822.621322.862023.053523.2942
Fibonacci22.180922.346022.448022.613122.778222.880223.0453

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): 74.20
MACD (12,26,9): 0.0210
Directional Movement: 78.5541
AROON (14): 92.8571
DEMA (21): 23.3775
Parabolic SAR (0,02-0,02-0,2): 92.6753
Elder Ray (13): 0.0478
Super Trend (3,10): 23.3357
Zig ZAG (10): 23.4189
VORTEX (21): 1.2521
Stochastique (14,3,5): 92.67
TEMA (21): 23.4056
Williams %R (14): -5.87
Chande Momentum Oscillator (20): 0.1009
Repulse (5,40,3): 0.1180
ROCnROLL: 1
TRIX (15,9): 0.0041
Courbe Coppock: 0.76
MA7: 23.3407
MA20: 23.1578
MA50: 22.8094
MA100: 23.0102
MAexp7: 23.3929
MAexp20: 23.3576
MAexp50: 23.3497
MAexp100: 23.3404
Price / MA7: +0.33%
Price / MA20: +1.12%
Price / MA50: +2.67%
Price / MA100: +1.77%
Price / MAexp7: +0.11%
Price / MAexp20: +0.26%
Price / MAexp50: +0.29%
Price / MAexp100: +0.33%

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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