EUR/CZK - 1H - Technical analysis published on 08/17/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 24.4570 CZK
My targets
24.5790 CZK (+0.0375)
24.6386 CZK (+0.0971)
My analysis
The bullish trend is currently very strong on EUR/CZK. As long as the price remains above the support at 24.4570 CZK, you could try to benefit from the boom. The first bullish objective is located at 24.5790 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 24.6386 CZK as an objective. Crossing it would then enable buyers to target 24.8366 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.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.3
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Additional analysis
Quotes
The EUR/CZK rating is 24.5415 CZK. On the day, this instrument gained +0.00% and was between 24.5340 CZK and 24.5450 CZK. This implies that the price is at +0.03% from its lowest and at -0.01% from its highest.24.5340
24.5450
24.5415
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/CZK in 1H shows a strongly overall 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 does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of 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 | 24.2730 | 24.3374 | 24.4570 | 24.5415 | 24.5471 | 24.5790 | 24.6386 |
| Change (%) | -1.09% | -0.83% | -0.34% | - | +0.02% | +0.15% | +0.40% |
| Change | -0.2685 | -0.2041 | -0.0845 | - | +0.0056 | +0.0375 | +0.0971 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | 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 | 24.3411 | 24.3947 | 24.4682 | 24.5218 | 24.5953 | 24.6489 | 24.7224 |
| Camarilla | 24.5067 | 24.5183 | 24.5300 | 24.5416 | 24.5533 | 24.5649 | 24.5766 |
| Woodie | 24.3510 | 24.3997 | 24.4781 | 24.5268 | 24.6052 | 24.6539 | 24.7323 |
| Fibonacci | 24.3947 | 24.4433 | 24.4733 | 24.5218 | 24.5704 | 24.6004 | 24.6489 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.9277 | 24.1003 | 24.2231 | 24.3957 | 24.5185 | 24.6911 | 24.8139 |
| Camarilla | 24.2646 | 24.2916 | 24.3187 | 24.3458 | 24.3729 | 24.4000 | 24.4270 |
| Woodie | 23.9027 | 24.0879 | 24.1981 | 24.3833 | 24.4935 | 24.6787 | 24.7889 |
| Fibonacci | 24.1003 | 24.2132 | 24.2829 | 24.3957 | 24.5086 | 24.5783 | 24.6911 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 58.69 | |
| MACD (12,26,9): | 0.0190 | |
| Directional Movement: | 9.8159 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 24.5547 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.5694 | |
| Elder Ray (13): | 0.0033 | |
| Super Trend (3,10): | 24.4777 | |
| Zig ZAG (10): | 24.5400 | |
| VORTEX (21): | 1.1552 | |
| Stochastique (14,3,5): | 46.74 | |
| TEMA (21): | 24.5498 | |
| Williams %R (14): | -52.58 | |
| Chande Momentum Oscillator (20): | 0.0181 | |
| Repulse (5,40,3): | 0.0232 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0141 | |
| Courbe Coppock: | 0.11 |
| MA7: | 24.4417 | |
| MA20: | 24.5318 | |
| MA50: | 24.6122 | |
| MA100: | 24.6146 | |
| MAexp7: | 24.5397 | |
| MAexp20: | 24.5266 | |
| MAexp50: | 24.4841 | |
| MAexp100: | 24.4577 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | +0.04% | |
| Price / MA50: | -0.29% | |
| Price / MA100: | -0.30% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.34% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on EUR/CZK at the time of the analysis were 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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