EUR/CZK - 1H - Technical analysis published on 08/24/2022 (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:
Bullish
Underlying:
Bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 24.6210 CZK
My targets
24.8366 CZK (+0.1821)
25.0723 CZK (+0.4178)
My analysis
A bullish trend on EUR/CZK both in substance and in the short term. A purchase could be considered as long as the price remains above 24.6210 CZK. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 24.8366 CZK. Then the price could move towards 25.0723 CZK. Then 25.4008 CZK by extension. Be careful, a return below 24.6210 CZK would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/CZK rating 24.6545 CZK. The price has increased by +0.00% since the last closing and was between 24.6182 CZK and 24.6705 CZK. This implies that the price is at +0.15% from its lowest and at -0.06% from its highest.24.6182
24.6705
24.6545
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
A technical analysis in 1H of this EUR/CZK chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.5568 | 24.6210 | 24.6512 | 24.6545 | 24.8366 | 25.4008 | 25.7813 |
| Change (%) | -0.40% | -0.14% | -0.01% | - | +0.74% | +3.03% | +4.57% |
| Change | -0.0977 | -0.0335 | -0.0033 | - | +0.1821 | +0.7463 | +1.1268 |
| Level | Intermediate | Major | Intermediate | - | Major | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.5765 | 24.5991 | 24.6268 | 24.6494 | 24.6771 | 24.6997 | 24.7274 |
| Camarilla | 24.6408 | 24.6454 | 24.6500 | 24.6546 | 24.6592 | 24.6638 | 24.6684 |
| Woodie | 24.5792 | 24.6004 | 24.6295 | 24.6507 | 24.6798 | 24.7010 | 24.7301 |
| Fibonacci | 24.5991 | 24.6183 | 24.6302 | 24.6494 | 24.6686 | 24.6805 | 24.6997 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.1087 | 24.2190 | 24.4299 | 24.5402 | 24.7511 | 24.8614 | 25.0723 |
| Camarilla | 24.5526 | 24.5820 | 24.6115 | 24.6409 | 24.6703 | 24.6998 | 24.7292 |
| Woodie | 24.1591 | 24.2442 | 24.4803 | 24.5654 | 24.8015 | 24.8866 | 25.1227 |
| Fibonacci | 24.2190 | 24.3417 | 24.4175 | 24.5402 | 24.6629 | 24.7387 | 24.8614 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.19 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 0.4696 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 24.6545 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.6320 | |
| Elder Ray (13): | 0.0031 | |
| Super Trend (3,10): | 24.6256 | |
| Zig ZAG (10): | 24.6530 | |
| VORTEX (21): | 1.0084 | |
| Stochastique (14,3,5): | 67.75 | |
| TEMA (21): | 24.6558 | |
| Williams %R (14): | -33.65 | |
| Chande Momentum Oscillator (20): | 0.0255 | |
| Repulse (5,40,3): | -0.0465 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0001 | |
| Courbe Coppock: | 0.10 |
| MA7: | 24.6147 | |
| MA20: | 24.5513 | |
| MA50: | 24.6048 | |
| MA100: | 24.6272 | |
| MAexp7: | 24.6557 | |
| MAexp20: | 24.6535 | |
| MAexp50: | 24.6503 | |
| MAexp100: | 24.6303 | |
| Price / MA7: | +0.16% | |
| Price / MA20: | +0.42% | |
| Price / MA50: | +0.20% | |
| Price / MA100: | +0.11% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.10% |
Quotes :
-
Real time data
-
Forex
News
The last news published on EUR/CZK at the time of the generation of this analysis 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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