EUR/CZK - 1H - Technical analysis published on 09/01/2022 (GMT)
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- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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:
Bearish
Underlying:
Strongly bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 24.5090 CZK
My targets
24.3398 CZK (-0.1541)
24.1919 CZK (-0.3020)
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 24.5090 CZK. The next bearish objective for sellers is set at 24.3398 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 24.1919 CZK. If there is any crossing, the next objective would be the support located at 24.0036 CZK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
4.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/CZK rating is 24.4939 CZK. The price registered a decrease of -0.06% on the session and was traded between 24.4583 CZK and 24.5278 CZK over the period. The price is currently at +0.15% from its lowest and -0.14% from its highest.24.4583
24.5278
24.4939
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/CZK chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.0036 | 24.1919 | 24.3398 | 24.4939 | 24.4949 | 24.5090 | 24.5244 |
| Change (%) | -2.00% | -1.23% | -0.63% | - | +0.00% | +0.06% | +0.12% |
| Change | -0.4903 | -0.3020 | -0.1541 | - | +0.0010 | +0.0151 | +0.0305 |
| Level | Major | Minor | 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 | 24.3729 | 24.4273 | 24.4675 | 24.5219 | 24.5621 | 24.6165 | 24.6567 |
| Camarilla | 24.4816 | 24.4903 | 24.4989 | 24.5076 | 24.5163 | 24.5249 | 24.5336 |
| Woodie | 24.3657 | 24.4238 | 24.4603 | 24.5184 | 24.5549 | 24.6130 | 24.6495 |
| Fibonacci | 24.4273 | 24.4635 | 24.4858 | 24.5219 | 24.5581 | 24.5804 | 24.6165 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.5087 | 24.5508 | 24.5899 | 24.6320 | 24.6711 | 24.7132 | 24.7523 |
| Camarilla | 24.6068 | 24.6142 | 24.6217 | 24.6291 | 24.6365 | 24.6440 | 24.6514 |
| Woodie | 24.5073 | 24.5501 | 24.5885 | 24.6313 | 24.6697 | 24.7125 | 24.7509 |
| Fibonacci | 24.5508 | 24.5818 | 24.6010 | 24.6320 | 24.6630 | 24.6822 | 24.7132 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.8947 | 24.0839 | 24.2957 | 24.4849 | 24.6967 | 24.8859 | 25.0977 |
| Camarilla | 24.3973 | 24.4341 | 24.4708 | 24.5076 | 24.5444 | 24.5811 | 24.6179 |
| Woodie | 23.9061 | 24.0896 | 24.3071 | 24.4906 | 24.7081 | 24.8916 | 25.1091 |
| Fibonacci | 24.0839 | 24.2371 | 24.3317 | 24.4849 | 24.6381 | 24.7327 | 24.8859 |
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): | 46.15 | |
| MACD (12,26,9): | -0.0092 | |
| Directional Movement: | -4.6648 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 24.4819 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.4972 | |
| Elder Ray (13): | 0.0026 | |
| Super Trend (3,10): | 24.5219 | |
| Zig ZAG (10): | 24.4951 | |
| VORTEX (21): | 0.9608 | |
| Stochastique (14,3,5): | 52.61 | |
| TEMA (21): | 24.4844 | |
| Williams %R (14): | -45.61 | |
| Chande Momentum Oscillator (20): | -0.0183 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0071 | |
| Courbe Coppock: | 0.21 |
| MA7: | 24.5845 | |
| MA20: | 24.5384 | |
| MA50: | 24.5869 | |
| MA100: | 24.6343 | |
| MAexp7: | 24.4906 | |
| MAexp20: | 24.4955 | |
| MAexp50: | 24.5180 | |
| MAexp100: | 24.5482 | |
| Price / MA7: | -0.37% | |
| Price / MA20: | -0.18% | |
| Price / MA50: | -0.38% | |
| Price / MA100: | -0.57% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.22% |
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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