EUR/CZK

- CZK (-)

- Real time data - Forex

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Change:	-
Volume:	-

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Type:	Forex
Ticker:	EURCZK
ISIN:

EUR/CZK - Daily - Technical analysis published on 07/26/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 23.9023 CZK

My targets

24.2581 CZK (+0.1835)

24.4022 CZK (+0.3276)

My analysis

EUR/CZK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 23.9023 CZK. The next resistance located at 24.2581 CZK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 24.4022 CZK. After this resistance, buyers could then target 24.5263 CZK. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

Comment on the 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

The EUR/CZK rating is 24.0746 CZK. The price registered an increase of +0.00% on the session and was between 24.0579 CZK and 24.0869 CZK. This implies that the price is at +0.07% from its lowest and at -0.05% from its highest.

24.0579

24.0869

24.0746

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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:

The Central Records scanner for higher/lower results shows the following items:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of EUR/CZK in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near resistance of triangle

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	23.6296	23.9023	24.0036	24.0746	24.2581	24.4022	24.5263
Change (%)	-1.85%	-0.72%	-0.29%	-	+0.76%	+1.36%	+1.88%
Change	-0.4450	-0.1723	-0.0710	-	+0.1835	+0.3276	+0.4517
Level	Intermediate	Intermediate	Major	-	Intermediate	Intermediate	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	23.8706	23.9369	24.0058	24.0721	24.1410	24.2073	24.2762
Camarilla	24.0375	24.0499	24.0623	24.0747	24.0871	24.0995	24.1119
Woodie	23.8719	23.9376	24.0071	24.0728	24.1423	24.2080	24.2775
Fibonacci	23.9369	23.9886	24.0205	24.0721	24.1238	24.1557	24.2073

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.4749	23.6098	23.8195	23.9544	24.1641	24.2990	24.5087
Camarilla	23.9344	23.9660	23.9976	24.0292	24.0608	24.0924	24.1240
Woodie	23.5123	23.6285	23.8569	23.9731	24.2015	24.3177	24.5461
Fibonacci	23.6098	23.7414	23.8228	23.9544	24.0860	24.1674	24.2990

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22.7380	23.1241	23.4369	23.8230	24.1358	24.5219	24.8347
Camarilla	23.5576	23.6217	23.6857	23.7498	23.8139	23.8779	23.9420
Woodie	22.7015	23.1058	23.4004	23.8047	24.0993	24.5036	24.7982
Fibonacci	23.1241	23.3911	23.5560	23.8230	24.0900	24.2549	24.5219

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):	68.92
MACD (12,26,9):	0.0916
Directional Movement:	25.4619
AROON (14):	85.7143
DEMA (21):	24.0044
Parabolic SAR (0,02-0,02-0,2):	23.7572
Elder Ray (13):	0.1258
Super Trend (3,10):	23.7684
Zig ZAG (10):	24.0773
VORTEX (21):	1.2308
Stochastique (14,3,5):	79.82
TEMA (21):	24.0543
Williams %R (14):	-24.63
Chande Momentum Oscillator (20):	0.2435
Repulse (5,40,3):	0.3132
ROCnROLL:	1
TRIX (15,9):	0.0374
Courbe Coppock:	1.84

MA7:	24.0084
MA20:	23.8655
MA50:	23.7642
MA100:	23.6647
MAexp7:	24.0138
MAexp20:	23.8960
MAexp50:	23.7866
MAexp100:	23.7634
Price / MA7:	+0.28%
Price / MA20:	+0.88%
Price / MA50:	+1.31%
Price / MA100:	+1.73%
Price / MAexp7:	+0.25%
Price / MAexp20:	+0.75%
Price / MAexp50:	+1.21%
Price / MAexp100:	+1.31%

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:

Tensions Could Impact EUR/CZK

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

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