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EUR/CZK
EUR CZK
- CZK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURCZK
ISIN:

EUR/CZK - Daily - Technical analysis published on 05/09/2023 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 23.6327 CZK
My targets
23.2488 CZK (-0.1481)
22.9625 CZK (-0.4344)
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 23.6327 CZK. The next support located at 23.2488 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 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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

EUR/CZK rating 23.3969 CZK. The price is lower by -0.01% since the last closing and was traded between 23.3400 CZK and 23.4193 CZK over the period. The price is currently at +0.24% from its lowest and -0.10% from its highest.

23.3400
23.4193
23.3969

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EUR/CZK:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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


A technical analysis in Daily of this EUR/CZK chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 22.9625 23.2488 23.3629 23.3969 23.6327 24.0036 24.3450
Change (%) -1.86% -0.63% -0.15% - +1.01% +2.59% +4.05%
Change -0.4344 -0.1481 -0.0340 - +0.2358 +0.6067 +0.9481
Level Intermediate Minor Major - Intermediate Intermediate Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.300723.343123.371123.413523.441523.483923.5119
Camarilla23.379723.386223.392723.399123.405623.412023.4185
Woodie23.293523.339523.363923.409923.434323.480323.5047
Fibonacci23.343123.370023.386623.413523.440423.457023.4839


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.935323.152523.273823.491023.612323.829523.9508
Camarilla23.302123.333123.364223.395223.426223.457323.4883
Woodie22.887523.128523.226023.467023.564523.805523.9030
Fibonacci23.152523.281823.361723.491023.620323.700223.8295


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.878723.029623.276223.427123.673723.824624.0712
Camarilla23.413423.449823.486323.522723.559123.595623.6320
Woodie22.926523.053523.324023.451023.721523.848524.1190
Fibonacci23.029623.181523.275323.427123.579023.672823.8246

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): 42.31
MACD (12,26,9): -0.0274
Directional Movement: -1.4869
AROON (14): -42.8571
DEMA (21): 23.4358
Parabolic SAR (0,02-0,02-0,2): 23.6947
Elder Ray (13): -0.0827
Super Trend (3,10): 23.7159
Zig ZAG (10): 23.3978
VORTEX (21): 1.0138
Stochastique (14,3,5): 15.61
TEMA (21): 23.4506
Williams %R (14): -84.62
Chande Momentum Oscillator (20): -0.1198
Repulse (5,40,3): -0.3018
ROCnROLL: 2
TRIX (15,9): -0.0150
Courbe Coppock: 0.43
MA7: 23.4774
MA20: 23.4515
MA50: 23.5531
MA100: 23.7243
MAexp7: 23.4444
MAexp20: 23.4746
MAexp50: 23.5580
MAexp100: 23.7272
Price / MA7: -0.34%
Price / MA20: -0.23%
Price / MA50: -0.66%
Price / MA100: -1.38%
Price / MAexp7: -0.20%
Price / MAexp20: -0.33%
Price / MAexp50: -0.68%
Price / MAexp100: -1.39%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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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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