EUR/CZK - 1H - Technical analysis published on 03/30/2023 (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 bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 23.6405 CZK
My targets
23.5331 CZK (-0.0385)
23.3629 CZK (-0.2087)
My analysis
EUR/CZK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 23.6405 CZK. The next support located at 23.5331 CZK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 23.3629 CZK. Below this support, sellers could then target 22.9625 CZK. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/CZK rating is 23.5716 CZK. The price registered an increase of +0.00% on the session with the lowest point at 23.5686 CZK and the highest point at 23.5758 CZK. The deviation from the price is +0.01% for the low point and -0.02% for the high point.23.5686
23.5758
23.5716
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 HIGH record (1st january)
Type : Bullish
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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.9625 | 23.3629 | 23.5331 | 23.5716 | 23.5863 | 23.6405 | 23.6824 |
| Change (%) | -2.58% | -0.89% | -0.16% | - | +0.06% | +0.29% | +0.47% |
| Change | -0.6091 | -0.2087 | -0.0385 | - | +0.0147 | +0.0689 | +0.1108 |
| Level | Intermediate | Major | 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 | 23.3598 | 23.4465 | 23.5091 | 23.5958 | 23.6584 | 23.7451 | 23.8077 |
| Camarilla | 23.5307 | 23.5444 | 23.5581 | 23.5718 | 23.5855 | 23.5992 | 23.6129 |
| Woodie | 23.3479 | 23.4405 | 23.4972 | 23.5898 | 23.6465 | 23.7391 | 23.7958 |
| Fibonacci | 23.4465 | 23.5035 | 23.5387 | 23.5958 | 23.6528 | 23.6880 | 23.7451 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.9785 | 23.2818 | 23.4794 | 23.7827 | 23.9803 | 24.2836 | 24.4812 |
| Camarilla | 23.5393 | 23.5852 | 23.6311 | 23.6770 | 23.7229 | 23.7688 | 23.8148 |
| Woodie | 22.9257 | 23.2554 | 23.4266 | 23.7563 | 23.9275 | 24.2572 | 24.4284 |
| Fibonacci | 23.2818 | 23.4731 | 23.5914 | 23.7827 | 23.9740 | 24.0923 | 24.2836 |
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 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): | 38.25 | |
| MACD (12,26,9): | -0.0221 | |
| Directional Movement: | -2.5966 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 23.5620 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.6271 | |
| Elder Ray (13): | -0.0092 | |
| Super Trend (3,10): | 23.6352 | |
| Zig ZAG (10): | 23.5707 | |
| VORTEX (21): | 0.9073 | |
| Stochastique (14,3,5): | 30.72 | |
| TEMA (21): | 23.5612 | |
| Williams %R (14): | -68.00 | |
| Chande Momentum Oscillator (20): | -0.0162 | |
| Repulse (5,40,3): | 0.0019 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0146 | |
| Courbe Coppock: | 0.50 |
| MA7: | 23.6559 | |
| MA20: | 23.7183 | |
| MA50: | 23.7217 | |
| MA100: | 23.9692 | |
| MAexp7: | 23.5738 | |
| MAexp20: | 23.5929 | |
| MAexp50: | 23.6320 | |
| MAexp100: | 23.6721 | |
| Price / MA7: | -0.36% | |
| Price / MA20: | -0.62% | |
| Price / MA50: | -0.63% | |
| Price / MA100: | -1.66% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.42% |
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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