GBP/CZK - 1H - Technical analysis published on 09/27/2021 (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
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
22%
50%
28%
My opinion
Bullish above 29.632 CZK
My targets
29.719 CZK (+0.057)
29.756 CZK (+0.094)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade GBP/CZK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 29.632 CZK. The buyers' bullish objective is set at 29.719 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 29.756 CZK. If there is any crossing, the next objective would be the resistance located at 29.854 CZK. If there is a bearish break in the support located at 29.632 CZK some indecision would arise.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
0.5
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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
The GBP/CZK price is 29.662 CZK. The price has increased by +0.02% since the last closing and was between 29.608 CZK and 29.672 CZK. This implies that the price is at +0.18% from its lowest and at -0.03% from its highest.29.608
29.672
29.662
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of GBP/CZK indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 29.495 | 29.569 | 29.632 | 29.662 | 29.690 | 29.719 | 29.756 |
| Change (%) | -0.56% | -0.31% | -0.10% | - | +0.09% | +0.19% | +0.32% |
| Change | -0.167 | -0.093 | -0.030 | - | +0.028 | +0.057 | +0.094 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | 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 | 29.531 | 29.581 | 29.619 | 29.669 | 29.707 | 29.757 | 29.795 |
| Camarilla | 29.633 | 29.641 | 29.649 | 29.657 | 29.665 | 29.673 | 29.681 |
| Woodie | 29.525 | 29.578 | 29.613 | 29.666 | 29.701 | 29.754 | 29.789 |
| Fibonacci | 29.581 | 29.615 | 29.635 | 29.669 | 29.703 | 29.723 | 29.757 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.213 | 29.334 | 29.496 | 29.617 | 29.779 | 29.900 | 30.062 |
| Camarilla | 29.579 | 29.605 | 29.631 | 29.657 | 29.683 | 29.709 | 29.735 |
| Woodie | 29.233 | 29.344 | 29.516 | 29.627 | 29.799 | 29.910 | 30.082 |
| Fibonacci | 29.334 | 29.442 | 29.509 | 29.617 | 29.725 | 29.792 | 29.900 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.955 | 29.264 | 29.428 | 29.737 | 29.901 | 30.210 | 30.374 |
| Camarilla | 29.461 | 29.504 | 29.548 | 29.591 | 29.634 | 29.678 | 29.721 |
| Woodie | 28.882 | 29.228 | 29.355 | 29.701 | 29.828 | 30.174 | 30.301 |
| Fibonacci | 29.264 | 29.445 | 29.557 | 29.737 | 29.918 | 30.030 | 30.210 |
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): | 40.57 | |
| MACD (12,26,9): | -0.0050 | |
| Directional Movement: | -4.595 | |
| AROON (14): | -78.571 | |
| DEMA (21): | 29.644 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.667 | |
| Elder Ray (13): | -0.009 | |
| Super Trend (3,10): | 29.593 | |
| Zig ZAG (10): | 29.618 | |
| VORTEX (21): | 0.9390 | |
| Stochastique (14,3,5): | 43.11 | |
| TEMA (21): | 29.634 | |
| Williams %R (14): | -85.51 | |
| Chande Momentum Oscillator (20): | -0.044 | |
| Repulse (5,40,3): | -0.1650 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0020 | |
| Courbe Coppock: | 0.13 |
| MA7: | 29.650 | |
| MA20: | 29.637 | |
| MA50: | 29.788 | |
| MA100: | 29.743 | |
| MAexp7: | 29.645 | |
| MAexp20: | 29.650 | |
| MAexp50: | 29.647 | |
| MAexp100: | 29.642 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | +0.08% | |
| Price / MA50: | -0.42% | |
| Price / MA100: | -0.27% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.07% |
Quotes :
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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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