Londinia Opportunities Analyses - 05/02/2024 (GMT) JPY/CZK - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.1508 CZK
My targets
0.1519 CZK (+0.0007)
0.1526 CZK (+0.0014)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on JPY/CZK as long as the price remains well above 0.1508 CZK. The buyers' bullish objective is set at 0.1519 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.1526 CZK. If there is any crossing, the next objective would be the resistance located at 0.1534 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, 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
7.9
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Additional analysis
Quotes
JPY/CZK rating 0.1512 CZK. The price registered an increase of +0.47% on the session with the lowest point at 0.1499 CZK and the highest point at 0.1515 CZK. The deviation from the price is +0.87% for the low point and -0.20% for the high point.0.1499
0.1515
0.1512
Here is a more detailed summary of the historical variations registered by JPY/CZK:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this JPY/CZK chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
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 | 0.1465 | 0.1492 | 0.1508 | 0.1512 | 0.1519 | 0.1526 | 0.1534 |
| Change (%) | -3.11% | -1.32% | -0.26% | - | +0.46% | +0.93% | +1.46% |
| Change | -0.0047 | -0.0020 | -0.0004 | - | +0.0007 | +0.0014 | +0.0022 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | 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 | 0.1443 | 0.1465 | 0.1485 | 0.1507 | 0.1527 | 0.1549 | 0.1569 |
| Camarilla | 0.1494 | 0.1497 | 0.1501 | 0.1505 | 0.1509 | 0.1513 | 0.1517 |
| Woodie | 0.1442 | 0.1465 | 0.1484 | 0.1507 | 0.1526 | 0.1549 | 0.1568 |
| Fibonacci | 0.1465 | 0.1481 | 0.1491 | 0.1507 | 0.1523 | 0.1533 | 0.1549 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1380 | 0.1422 | 0.1454 | 0.1496 | 0.1528 | 0.1570 | 0.1602 |
| Camarilla | 0.1465 | 0.1471 | 0.1478 | 0.1485 | 0.1492 | 0.1499 | 0.1505 |
| Woodie | 0.1374 | 0.1420 | 0.1448 | 0.1494 | 0.1522 | 0.1568 | 0.1596 |
| Fibonacci | 0.1422 | 0.1451 | 0.1468 | 0.1496 | 0.1525 | 0.1542 | 0.1570 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1353 | 0.1409 | 0.1452 | 0.1508 | 0.1551 | 0.1607 | 0.1650 |
| Camarilla | 0.1468 | 0.1477 | 0.1486 | 0.1495 | 0.1504 | 0.1513 | 0.1522 |
| Woodie | 0.1347 | 0.1406 | 0.1446 | 0.1505 | 0.1545 | 0.1604 | 0.1644 |
| Fibonacci | 0.1409 | 0.1447 | 0.1470 | 0.1508 | 0.1546 | 0.1569 | 0.1607 |
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): | 62.45 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 25.2773 | |
| AROON (14): | 0 | |
| DEMA (21): | 0.1509 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.1497 | |
| Elder Ray (13): | 0.0007 | |
| Super Trend (3,10): | 0.1498 | |
| Zig ZAG (10): | 0.1512 | |
| VORTEX (21): | 1.1692 | |
| Stochastique (14,3,5): | 60.29 | |
| TEMA (21): | 0.1512 | |
| Williams %R (14): | -40.91 | |
| Chande Momentum Oscillator (20): | 0.0004 | |
| Repulse (5,40,3): | 0.2199 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0287 | |
| Courbe Coppock: | 1.24 |
| MA7: | 0.1504 | |
| MA20: | 0.1526 | |
| MA50: | 0.1542 | |
| MA100: | 0.1551 | |
| MAexp7: | 0.1509 | |
| MAexp20: | 0.1504 | |
| MAexp50: | 0.1500 | |
| MAexp100: | 0.1501 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | -0.92% | |
| Price / MA50: | -1.95% | |
| Price / MA100: | -2.51% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.53% | |
| Price / MAexp50: | +0.80% | |
| Price / MAexp100: | +0.73% |
Quotes :
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Real time data
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Forex