EUR/CZK - 1H - Technical analysis published on 03/07/2023 (GMT)
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- Timeframe : 1H
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- Status : NEUTRAL
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bullish
Technical indicators
33%
17%
50%
My opinion
Neutral between 23.4617 CZK and 23.6170 CZK
My targets
-
My analysis
The strong short-term decrease on EUR/CZK is in contrast to the bullish trend. Sellers are trying to regain control of the asset and a reversal of the trend could be possible. It would be interesting to understand what caused such a fall. Has an economic announcement impacting the basics been published? As long as the price remains above 23.4617 CZK, you could take advantage of the short-term boom. The first bearish objective would be 23.4617 CZK. Then the price could move towards 23.4114 CZK. Then 23.3424 CZK by extension. Attention should be paid to reaction of the price on these supports to see if buyers show up. Be careful, a return to above 23.6170 CZK could be a sign of a recovery in the basic bullish trend.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this analysis.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/CZK rating 23.5348 CZK. The price registered a decrease of -0.07% on the session with the lowest point at 23.4677 CZK and the highest point at 23.5995 CZK. The deviation from the price is +0.29% for the low point and -0.27% for the high point.23.4677
23.5995
23.5348
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/CZK indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that there could be a reversal of the trend. 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
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 9 are neutral and 3 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.4114 | 23.4617 | 23.5186 | 23.5348 | 23.6170 | 23.6623 | 23.7280 |
| Change (%) | -0.52% | -0.31% | -0.07% | - | +0.35% | +0.54% | +0.82% |
| Change | -0.1234 | -0.0731 | -0.0162 | - | +0.0822 | +0.1275 | +0.1932 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Major |
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 | 23.1441 | 23.3050 | 23.4278 | 23.5887 | 23.7115 | 23.8724 | 23.9952 |
| Camarilla | 23.4725 | 23.4985 | 23.5245 | 23.5505 | 23.5765 | 23.6025 | 23.6285 |
| Woodie | 23.1250 | 23.2955 | 23.4087 | 23.5792 | 23.6924 | 23.8629 | 23.9761 |
| Fibonacci | 23.3050 | 23.4134 | 23.4804 | 23.5887 | 23.6971 | 23.7641 | 23.8724 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.0036 | 23.1730 | 23.3255 | 23.4949 | 23.6474 | 23.8168 | 23.9693 |
| Camarilla | 23.3895 | 23.4190 | 23.4485 | 23.4780 | 23.5075 | 23.5370 | 23.5665 |
| Woodie | 22.9952 | 23.1688 | 23.3171 | 23.4907 | 23.6390 | 23.8126 | 23.9609 |
| Fibonacci | 23.1730 | 23.2960 | 23.3719 | 23.4949 | 23.6179 | 23.6938 | 23.8168 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.9259 | 23.1938 | 23.3495 | 23.6174 | 23.7731 | 24.0410 | 24.1967 |
| Camarilla | 23.3888 | 23.4276 | 23.4665 | 23.5053 | 23.5441 | 23.5830 | 23.6218 |
| Woodie | 22.8699 | 23.1658 | 23.2935 | 23.5894 | 23.7171 | 24.0130 | 24.1407 |
| Fibonacci | 23.1938 | 23.3556 | 23.4556 | 23.6174 | 23.7792 | 23.8792 | 24.0410 |
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): | 47.01 | |
| MACD (12,26,9): | 0.0032 | |
| Directional Movement: | 2.0426 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 23.5555 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.5803 | |
| Elder Ray (13): | -0.0171 | |
| Super Trend (3,10): | 23.4913 | |
| Zig ZAG (10): | 23.5363 | |
| VORTEX (21): | 0.9234 | |
| Stochastique (14,3,5): | 57.26 | |
| TEMA (21): | 23.5501 | |
| Williams %R (14): | -47.95 | |
| Chande Momentum Oscillator (20): | 0.0261 | |
| Repulse (5,40,3): | -0.1011 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0026 | |
| Courbe Coppock: | 0.03 |
| MA7: | 23.5026 | |
| MA20: | 23.6318 | |
| MA50: | 23.8209 | |
| MA100: | 24.0866 | |
| MAexp7: | 23.5506 | |
| MAexp20: | 23.5500 | |
| MAexp50: | 23.5356 | |
| MAexp100: | 23.5246 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | -0.41% | |
| Price / MA50: | -1.20% | |
| Price / MA100: | -2.29% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | +0.04% |
Quotes :
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Real time data
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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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