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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 11/14/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 23.9781 CZK
My targets
24.0962 CZK (+0.0592)
24.4339 CZK (+0.3969)
My analysis
The bullish trend is currently very strong on USD/CZK. As long as the price remains above the support at 23.9781 CZK, you could try to benefit from the boom. The first bullish objective is located at 24.0962 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 24.4339 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
0
10
7.7

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.

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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 price is 24.0370 CZK. The price has increased by +0.44% since the last closing with the lowest point at 23.9051 CZK and the highest point at 24.1105 CZK. The deviation from the price is +0.55% for the low point and -0.30% for the high point.

23.9051
24.1105
24.0370

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by USD/CZK:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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


A technical analysis in 1H of this USD/CZK chart shows a strongly 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 a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



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

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 23.5359 23.8148 23.9781 24.0370 26.0304
Change (%) -2.08% -0.92% -0.25% - +8.29%
Change -0.5011 -0.2222 -0.0589 - +1.9934
Level Minor Intermediate Intermediate - 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
Standard23.545423.641123.786623.882324.027824.123524.2690
Camarilla23.865723.887823.909923.932023.954123.976223.9983
Woodie23.570223.653623.811423.894824.052624.136024.2938
Fibonacci23.641123.733323.790223.882323.974524.031424.1235


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.615622.884023.221723.490123.827824.096224.4339
Camarilla23.392623.448223.503723.559323.614923.670423.7260
Woodie22.650222.901323.256323.507423.862424.113524.4685
Fibonacci22.884023.115623.258623.490123.721723.864724.0962


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.805422.215722.739423.149723.673424.083724.6074
Camarilla23.006323.091923.177523.263123.348723.434323.5200
Woodie21.862122.244122.796123.178123.730124.112124.6641
Fibonacci22.215722.572522.792923.149723.506523.726924.0837

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): 60.07
MACD (12,26,9): 0.0148
Directional Movement: 15.4209
AROON (14): -28.5714
DEMA (21): 23.9965
Parabolic SAR (0,02-0,02-0,2): 23.9051
Elder Ray (13): 0.0363
Super Trend (3,10): 24.0978
Zig ZAG (10): 24.0261
VORTEX (21): 1.0469
Stochastique (14,3,5): 44.16
TEMA (21): 23.9910
Williams %R (14): -39.63
Chande Momentum Oscillator (20): 0.0265
Repulse (5,40,3): 0.2779
ROCnROLL: 1
TRIX (15,9): 0.0116
Courbe Coppock: 0.01
MA7: 23.7427
MA20: 23.4831
MA50: 23.0848
MA100: 23.0678
MAexp7: 23.9863
MAexp20: 23.9736
MAexp50: 23.9288
MAexp100: 23.8359
Price / MA7: +1.24%
Price / MA20: +2.36%
Price / MA50: +4.12%
Price / MA100: +4.20%
Price / MAexp7: +0.21%
Price / MAexp20: +0.26%
Price / MAexp50: +0.45%
Price / MAexp100: +0.84%

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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Londinia AI

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