EUR/CZK - 1H - Technical analysis published on 08/01/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 24.0036 CZK
My targets
23.8390 CZK (-0.0460)
23.7718 CZK (-0.1132)
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 24.0036 CZK. The next support located at 23.8390 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 23.7718 CZK. Below this support, sellers could then target 23.6308 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, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
4.8
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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 23.8850 CZK. The price is lower by -0.01% since the last closing and was traded between 23.8832 CZK and 23.8945 CZK over the period. The price is currently at +0.01% from its lowest and -0.04% from its highest.23.8832
23.8945
23.8850
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
Here is a more detailed summary of the historical variations registered by EUR/CZK:
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/CZK chart shows a sharp 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 market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.7718 | 23.8390 | 23.8827 | 23.8850 | 24.0036 | 24.0875 | 24.1416 |
| Change (%) | -0.47% | -0.19% | -0.01% | - | +0.50% | +0.85% | +1.07% |
| Change | -0.1132 | -0.0460 | -0.0023 | - | +0.1186 | +0.2025 | +0.2566 |
| Level | Intermediate | Major | Minor | - | Major | Intermediate | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 23.6680 | 23.7535 | 23.8206 | 23.9061 | 23.9732 | 24.0587 | 24.1258 |
| Camarilla | 23.8457 | 23.8597 | 23.8737 | 23.8877 | 23.9017 | 23.9157 | 23.9297 |
| Woodie | 23.6588 | 23.7489 | 23.8114 | 23.9015 | 23.9640 | 24.0541 | 24.1166 |
| Fibonacci | 23.7535 | 23.8118 | 23.8478 | 23.9061 | 23.9644 | 24.0004 | 24.0587 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.6741 | 23.8168 | 23.9005 | 24.0432 | 24.1269 | 24.2696 | 24.3533 |
| Camarilla | 23.9219 | 23.9427 | 23.9635 | 23.9842 | 24.0050 | 24.0257 | 24.0465 |
| Woodie | 23.6446 | 23.8021 | 23.8710 | 24.0285 | 24.0974 | 24.2549 | 24.3238 |
| Fibonacci | 23.8168 | 23.9033 | 23.9567 | 24.0432 | 24.1297 | 24.1831 | 24.2696 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.1633 | 23.4274 | 23.6576 | 23.9217 | 24.1519 | 24.4160 | 24.6462 |
| Camarilla | 23.7518 | 23.7971 | 23.8424 | 23.8877 | 23.9330 | 23.9783 | 24.0236 |
| Woodie | 23.1463 | 23.4189 | 23.6406 | 23.9132 | 24.1349 | 24.4075 | 24.6292 |
| Fibonacci | 23.4274 | 23.6163 | 23.7329 | 23.9217 | 24.1106 | 24.2272 | 24.4160 |
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): | 38.84 | |
| MACD (12,26,9): | -0.0222 | |
| Directional Movement: | -11.4783 | |
| AROON (14): | 7.1428 | |
| DEMA (21): | 23.8688 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.8517 | |
| Elder Ray (13): | -0.0031 | |
| Super Trend (3,10): | 23.9378 | |
| Zig ZAG (10): | 23.8850 | |
| VORTEX (21): | 0.8361 | |
| Stochastique (14,3,5): | 63.95 | |
| TEMA (21): | 23.8704 | |
| Williams %R (14): | -39.42 | |
| Chande Momentum Oscillator (20): | 0.0004 | |
| Repulse (5,40,3): | 0.0186 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0164 | |
| Courbe Coppock: | 0.19 |
| MA7: | 24.0091 | |
| MA20: | 23.9074 | |
| MA50: | 23.7822 | |
| MA100: | 23.6744 | |
| MAexp7: | 23.8847 | |
| MAexp20: | 23.9007 | |
| MAexp50: | 23.9449 | |
| MAexp100: | 23.9783 | |
| Price / MA7: | -0.52% | |
| Price / MA20: | -0.09% | |
| Price / MA50: | +0.43% | |
| Price / MA100: | +0.89% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -0.39% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on EUR/CZK at the time of the analysis were 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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