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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 - 1H - Technical analysis published on 05/31/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 23.6661 CZK
My targets
23.7212 CZK (+0.0264)
23.7694 CZK (+0.0746)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 23.6661 CZK remains possible. It is advisable to trade EUR/CZK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 23.6661 CZK. The next bullish objective for buyers is set at 23.7212 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 23.7694 CZK. If there is any crossing, the next objective would be the resistance located at 23.7972 CZK. PS: if there is a bearish break in the support located at 23.6661 CZK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3

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. Daily Weekly

Additional analysis

Quotes

EUR/CZK rating 23.6948 CZK. The price registered an increase of +0.00% on the session with the lowest point at 23.6864 CZK and the highest point at 23.7019 CZK. The deviation from the price is +0.04% for the low point and -0.03% for the high point.

23.6864
23.7019
23.6948

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 Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of EUR/CZK indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1R1PriceR2R3
ProTrendLines 23.5916 23.6327 23.6661 23.6948 23.6948 23.7212 23.7694
Change (%) -0.44% -0.26% -0.12% 0% - +0.11% +0.31%
Change -0.1032 -0.0621 -0.0287 0 - +0.0264 +0.0746
Level Intermediate Intermediate Intermediate Minor - Major 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
Standard23.558523.612423.653923.707823.749323.803223.8447
Camarilla23.669123.677823.686623.695323.704123.712823.7215
Woodie23.552223.609323.647623.704723.743023.800123.8384
Fibonacci23.612423.648923.671423.707823.744323.766823.8032


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.390423.491023.577223.677823.764023.864623.9508
Camarilla23.612023.629223.646323.663423.680523.697723.7148
Woodie23.383223.487423.570023.674223.756823.861023.9436
Fibonacci23.491023.562423.606423.677823.749223.793223.8646


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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 51.03
MACD (12,26,9): -0.0002
Directional Movement: 3.3258
AROON (14): -64.2857
DEMA (21): 23.6991
Parabolic SAR (0,02-0,02-0,2): 23.7540
Elder Ray (13): -0.0009
Super Trend (3,10): 23.6605
Zig ZAG (10): 23.6989
VORTEX (21): 0.9921
Stochastique (14,3,5): 18.35
TEMA (21): 23.6950
Williams %R (14): -75.96
Chande Momentum Oscillator (20): -0.0099
Repulse (5,40,3): 0.0160
ROCnROLL: 1
TRIX (15,9): 0.0009
Courbe Coppock: 0.13
MA7: 23.6771
MA20: 23.6050
MA50: 23.5367
MA100: 23.6493
MAexp7: 23.6964
MAexp20: 23.6985
MAexp50: 23.6931
MAexp100: 23.6862
Price / MA7: +0.07%
Price / MA20: +0.38%
Price / MA50: +0.67%
Price / MA100: +0.19%
Price / MAexp7: -0.01%
Price / MAexp20: -0.02%
Price / MAexp50: +0.01%
Price / MAexp100: +0.04%

Quotes : - Real time data - Forex

News


The latest news and videos published on EUR/CZK at the time of the analysis were 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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