GBP/CZK - 1H - Technical analysis published on 04/05/2021 (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 bearish
De fond:
Slightly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 30.645 CZK
My targets
30.547 CZK (-0.066)
30.431 CZK (-0.182)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on GBP/CZK as long as the price remains well below 30.645 CZK. The next bearish objective for sellers is set at 30.547 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 30.431 CZK. In case of crossing, the next objective would be the support located at 30.365 CZK.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
4.3
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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 30.613 CZK. On the day, this instrument lost -0.08% with the lowest point at 30.598 CZK and the highest point at 30.774 CZK. The deviation from the price is +0.05% for the low point and -0.52% for the high point.30.598
30.774
30.613
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/CZK in 1H shows an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
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:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 30.431 | 30.547 | 30.593 | 30.613 | 30.645 | 30.675 | 30.748 |
| Change (%) | -0.59% | -0.22% | -0.07% | - | +0.10% | +0.20% | +0.44% |
| Change | -0.182 | -0.066 | -0.020 | - | +0.032 | +0.062 | +0.135 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | Major |
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 | 30.433 | 30.499 | 30.568 | 30.634 | 30.703 | 30.769 | 30.838 |
| Camarilla | 30.599 | 30.611 | 30.624 | 30.636 | 30.648 | 30.661 | 30.673 |
| Woodie | 30.434 | 30.500 | 30.569 | 30.635 | 30.704 | 30.770 | 30.839 |
| Fibonacci | 30.499 | 30.551 | 30.583 | 30.634 | 30.686 | 30.718 | 30.769 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.170 | 30.301 | 30.468 | 30.599 | 30.766 | 30.897 | 31.064 |
| Camarilla | 30.554 | 30.581 | 30.609 | 30.636 | 30.663 | 30.691 | 30.718 |
| Woodie | 30.189 | 30.310 | 30.487 | 30.608 | 30.785 | 30.906 | 31.083 |
| Fibonacci | 30.301 | 30.415 | 30.485 | 30.599 | 30.713 | 30.783 | 30.897 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.380 | 29.702 | 30.196 | 30.518 | 31.012 | 31.334 | 31.828 |
| Camarilla | 30.466 | 30.540 | 30.615 | 30.690 | 30.765 | 30.840 | 30.914 |
| Woodie | 29.466 | 29.745 | 30.282 | 30.561 | 31.098 | 31.377 | 31.914 |
| Fibonacci | 29.702 | 30.014 | 30.206 | 30.518 | 30.830 | 31.022 | 31.334 |
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): | 38.43 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | -11.935 | |
| AROON (14): | -42.857 | |
| DEMA (21): | 30.686 | |
| Parabolic SAR (0,02-0,02-0,2): | 30.767 | |
| Elder Ray (13): | -0.048 | |
| Super Trend (3,10): | 30.743 | |
| Zig ZAG (10): | 30.636 | |
| VORTEX (21): | 0.9470 | |
| Stochastique (14,3,5): | 17.60 | |
| TEMA (21): | 30.669 | |
| Williams %R (14): | -78.98 | |
| Chande Momentum Oscillator (20): | -0.034 | |
| Repulse (5,40,3): | 0.0110 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0030 | |
| Courbe Coppock: | 0.03 |
| MA7: | 30.618 | |
| MA20: | 30.534 | |
| MA50: | 30.086 | |
| MA100: | 29.647 | |
| MAexp7: | 30.665 | |
| MAexp20: | 30.680 | |
| MAexp50: | 30.672 | |
| MAexp100: | 30.648 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | +0.26% | |
| Price / MA50: | +1.75% | |
| Price / MA100: | +3.26% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.11% |
Quotes :
2021-04-05 15:37:18
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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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