EUR/CZK - 1H - Technical analysis published on 08/11/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
56%
22%
22%
My opinion
Bearish under 24.4570 CZK
My targets
24.1919 CZK (-0.1522)
24.0036 CZK (-0.3405)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/CZK as long as the price remains well below 24.4570 CZK. The sellers' bearish objective is set at 24.1919 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 24.0036 CZK. In case of crossing, the next objective would be the support located at 22.9625 CZK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5
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Additional analysis
Quotes
EUR/CZK rating 24.3441 CZK. The price registered an increase of +0.00% on the session and was between 24.3284 CZK and 24.3484 CZK. This implies that the price is at +0.06% from its lowest and at -0.02% from its highest.24.3284
24.3484
24.3441
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical analysis of EUR/CZK in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 10 are bullish, 4 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
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:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.0036 | 24.1919 | 24.3374 | 24.3441 | 24.4570 | 24.4838 | 24.5469 |
| Change (%) | -1.40% | -0.63% | -0.03% | - | +0.46% | +0.57% | +0.83% |
| Change | -0.3405 | -0.1522 | -0.0067 | - | +0.1129 | +0.1397 | +0.2028 |
| Level | Major | Minor | Major | - | Minor | 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 | 24.0515 | 24.1830 | 24.2640 | 24.3955 | 24.4765 | 24.6080 | 24.6890 |
| Camarilla | 24.2865 | 24.3059 | 24.3254 | 24.3449 | 24.3644 | 24.3839 | 24.4033 |
| Woodie | 24.0262 | 24.1704 | 24.2387 | 24.3829 | 24.4512 | 24.5954 | 24.6637 |
| Fibonacci | 24.1830 | 24.2642 | 24.3144 | 24.3955 | 24.4767 | 24.5269 | 24.6080 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.2703 | 24.3776 | 24.4545 | 24.5618 | 24.6387 | 24.7460 | 24.8229 |
| Camarilla | 24.4809 | 24.4977 | 24.5146 | 24.5315 | 24.5484 | 24.5653 | 24.5822 |
| Woodie | 24.2552 | 24.3700 | 24.4394 | 24.5542 | 24.6236 | 24.7384 | 24.8078 |
| Fibonacci | 24.3776 | 24.4479 | 24.4914 | 24.5618 | 24.6321 | 24.6756 | 24.7460 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.8013 | 24.0334 | 24.3243 | 24.5564 | 24.8473 | 25.0794 | 25.3703 |
| Camarilla | 24.4715 | 24.5194 | 24.5674 | 24.6153 | 24.6632 | 24.7112 | 24.7591 |
| Woodie | 23.8308 | 24.0481 | 24.3538 | 24.5711 | 24.8768 | 25.0941 | 25.3998 |
| Fibonacci | 24.0334 | 24.2332 | 24.3566 | 24.5564 | 24.7562 | 24.8796 | 25.0794 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 31.95 | |
| MACD (12,26,9): | -0.0324 | |
| Directional Movement: | -14.1205 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 24.3173 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.3207 | |
| Elder Ray (13): | -0.0103 | |
| Super Trend (3,10): | 24.3872 | |
| Zig ZAG (10): | 24.3431 | |
| VORTEX (21): | 0.7574 | |
| Stochastique (14,3,5): | 35.86 | |
| TEMA (21): | 24.3132 | |
| Williams %R (14): | -41.56 | |
| Chande Momentum Oscillator (20): | 0.0134 | |
| Repulse (5,40,3): | 0.0183 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0230 | |
| Courbe Coppock: | 0.30 |
| MA7: | 24.4937 | |
| MA20: | 24.5426 | |
| MA50: | 24.6312 | |
| MA100: | 24.6164 | |
| MAexp7: | 24.3375 | |
| MAexp20: | 24.3627 | |
| MAexp50: | 24.4193 | |
| MAexp100: | 24.4711 | |
| Price / MA7: | -0.61% | |
| Price / MA20: | -0.81% | |
| Price / MA50: | -1.17% | |
| Price / MA100: | -1.11% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.31% | |
| Price / MAexp100: | -0.52% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on EUR/CZK. At the time of publication of this analysis, the latest news was as follows:
Tensions Could Impact EUR/CZKThis 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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