Londinia Opportunities Analyses - 11/22/2024 (GMT) NOK/CZK - 1H

- CZK (-)

- Real time data - Forex

Type:	Forex
Ticker:	NOKCZK
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 2.1931 CZK

My targets

2.2074 CZK (+0.0101)

2.2269 CZK (+0.0296)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NOK/CZK as long as the price remains well above 2.1931 CZK. The buyers' bullish objective is set at 2.2074 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.2269 CZK. If there is any crossing, the next objective would be the resistance located at 2.4157 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

8.9

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The NOK/CZK rating is 2.1973 CZK. The price registered an increase of +0.48% on the session and was between 2.1804 CZK and 2.1981 CZK. This implies that the price is at +0.78% from its lowest and at -0.04% from its highest.

2.1804

2.1981

2.1973

Here is a more detailed summary of the historical variations registered by NOK/CZK:

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

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of NOK/CZK indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. 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.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.1663	2.1732	2.1931	2.1973	2.2074	2.2269	2.4157
Change (%)	-1.41%	-1.10%	-0.19%	-	+0.46%	+1.35%	+9.94%
Change	-0.0310	-0.0241	-0.0042	-	+0.0101	+0.0296	+0.2184
Level	Intermediate	Major	Intermediate	-	Major	Minor	Intermediate

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	2.1475	2.1568	2.1718	2.1811	2.1961	2.2054	2.2204
Camarilla	2.1801	2.1824	2.1846	2.1868	2.1890	2.1913	2.1935
Woodie	2.1504	2.1582	2.1747	2.1825	2.1990	2.2068	2.2233
Fibonacci	2.1568	2.1661	2.1718	2.1811	2.1904	2.1961	2.2054

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.1160	2.1263	2.1450	2.1553	2.1740	2.1843	2.2030
Camarilla	2.1556	2.1583	2.1609	2.1636	2.1663	2.1689	2.1716
Woodie	2.1201	2.1284	2.1491	2.1574	2.1781	2.1864	2.2071
Fibonacci	2.1263	2.1374	2.1443	2.1553	2.1664	2.1733	2.1843

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0263	2.0690	2.0921	2.1348	2.1579	2.2006	2.2237
Camarilla	2.0972	2.1032	2.1093	2.1153	2.1213	2.1274	2.1334
Woodie	2.0166	2.0641	2.0824	2.1299	2.1482	2.1957	2.2140
Fibonacci	2.0690	2.0941	2.1096	2.1348	2.1599	2.1754	2.2006

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):	70.48
MACD (12,26,9):	0.0037
Directional Movement:	12.7591
AROON (14):	71.4285
DEMA (21):	2.1966
Parabolic SAR (0,02-0,02-0,2):	2.1835
Elder Ray (13):	0.0029
Super Trend (3,10):	2.1860
Zig ZAG (10):	2.1964
VORTEX (21):	1.1302
Stochastique (14,3,5):	92.02
TEMA (21):	2.1972
Williams %R (14):	-8.47
Chande Momentum Oscillator (20):	0.0089
Repulse (5,40,3):	0.0895
ROCnROLL:	1
TRIX (15,9):	0.0241
Courbe Coppock:	0.79

MA7:	2.1734
MA20:	2.1485
MA50:	2.1464
MA100:	2.1415
MAexp7:	2.1952
MAexp20:	2.1916
MAexp50:	2.1850
MAexp100:	2.1781
Price / MA7:	+1.10%
Price / MA20:	+2.27%
Price / MA50:	+2.37%
Price / MA100:	+2.61%
Price / MAexp7:	+0.10%
Price / MAexp20:	+0.26%
Price / MAexp50:	+0.56%
Price / MAexp100:	+0.88%

Quotes : - Real time data - Forex