GBP/CZK - 1H - Technical analysis published on 12/30/2020 (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
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 28.894 CZK
My targets
29.131 CZK (+0.089)
29.278 CZK (+0.236)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on GBP/CZK as long as the price remains well above 28.894 CZK. The buyers” bullish objective is set at 29.131 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 29.278 CZK. If there is any crossing, the next objective would be the resistance located at 29.421 CZK.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/CZK rating 29.042 CZK. On the day, this instrument gained +0.66% and was traded between 28.814 CZK and 29.078 CZK over the period. The price is currently at +0.79% from its lowest and -0.12% from its highest.28.814
29.078
29.042
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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
Technical
Technical analysis of GBP/CZK in 1H shows an overall slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 28.676 | 28.750 | 28.894 | 29.042 | 29.053 | 29.131 | 29.278 |
| Change (%) | -1.26% | -1.01% | -0.51% | - | +0.04% | +0.31% | +0.81% |
| Change | -0.366 | -0.292 | -0.148 | - | +0.011 | +0.089 | +0.236 |
| Level | Major | Minor | Intermediate | - | 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 | 28.545 | 28.688 | 28.769 | 28.912 | 28.993 | 29.136 | 29.217 |
| Camarilla | 28.789 | 28.810 | 28.831 | 28.851 | 28.872 | 28.892 | 28.913 |
| Woodie | 28.515 | 28.673 | 28.739 | 28.897 | 28.963 | 29.121 | 29.187 |
| Fibonacci | 28.688 | 28.773 | 28.826 | 28.912 | 28.997 | 29.050 | 29.136 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.749 | 28.121 | 28.676 | 29.048 | 29.603 | 29.975 | 30.530 |
| Camarilla | 28.975 | 29.060 | 29.145 | 29.230 | 29.315 | 29.400 | 29.485 |
| Woodie | 27.840 | 28.167 | 28.767 | 29.094 | 29.694 | 30.021 | 30.621 |
| Fibonacci | 28.121 | 28.475 | 28.694 | 29.048 | 29.402 | 29.621 | 29.975 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.589 | 28.325 | 28.841 | 29.577 | 30.093 | 30.829 | 31.345 |
| Camarilla | 29.013 | 29.128 | 29.242 | 29.357 | 29.472 | 29.587 | 29.701 |
| Woodie | 27.479 | 28.270 | 28.731 | 29.522 | 29.983 | 30.774 | 31.235 |
| Fibonacci | 28.325 | 28.803 | 29.099 | 29.577 | 30.055 | 30.351 | 30.829 |
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): | 62.69 | |
| MACD (12,26,9): | 0.0260 | |
| Directional Movement: | 9.907 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 28.988 | |
| Parabolic SAR (0,02-0,02-0,2): | 28.946 | |
| Elder Ray (13): | 0.060 | |
| Super Trend (3,10): | 28.876 | |
| Zig ZAG (10): | 29.016 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 81.82 | |
| TEMA (21): | 29.036 | |
| Williams %R (14): | -11.36 | |
| Chande Momentum Oscillator (20): | 0.170 | |
| Repulse (5,40,3): | 0.0640 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0050 | |
| Courbe Coppock: | 1.15 |
| MA7: | 28.992 | |
| MA20: | 29.025 | |
| MA50: | 29.428 | |
| MA100: | 29.437 | |
| MAexp7: | 29.022 | |
| MAexp20: | 28.967 | |
| MAexp50: | 28.972 | |
| MAexp100: | 28.987 | |
| Price / MA7: | +0.17% | |
| Price / MA20: | +0.06% | |
| Price / MA50: | -1.31% | |
| Price / MA100: | -1.34% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +0.19% |
Quotes :
2020-12-30 17:20:07
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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