GBP/CZK - Daily - Technical analysis published on 01/10/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 29.456 CZK
My targets
28.668 CZK (-0.526)
28.285 CZK (-0.909)
My analysis
The bearish trend is currently very strong for GBP/CZK. As long as the price remains below the resistance at 29.456 CZK, you could try to take advantage of the bearish rally. The first bearish objective is located at 28.668 CZK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 28.285 CZK as an objective. Crossing it would then enable sellers to target 27.766 CZK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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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 29.194 CZK. On the day, this instrument lost -0.06% with the lowest point at 29.166 CZK and the highest point at 29.305 CZK. The deviation from the price is +0.10% for the low point and -0.38% for the high point.29.166
29.305
29.194
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this GBP/CZK chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish 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.
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
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:
Support of channel is broken
Type : Bearish
Timeframe : Daily
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 27.766 | 28.285 | 28.668 | 29.194 | 29.456 | 29.854 | 30.180 |
| Change (%) | -4.89% | -3.11% | -1.80% | - | +0.90% | +2.26% | +3.38% |
| Change | -1.428 | -0.909 | -0.526 | - | +0.262 | +0.660 | +0.986 |
| Level | Minor | Minor | Intermediate | - | Major | Major | Intermediate |
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 | 28.931 | 29.067 | 29.139 | 29.275 | 29.347 | 29.483 | 29.555 |
| Camarilla | 29.154 | 29.173 | 29.192 | 29.211 | 29.230 | 29.249 | 29.268 |
| Woodie | 28.899 | 29.051 | 29.107 | 29.259 | 29.315 | 29.467 | 29.523 |
| Fibonacci | 29.067 | 29.147 | 29.196 | 29.275 | 29.355 | 29.404 | 29.483 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.570 | 28.886 | 29.049 | 29.365 | 29.528 | 29.844 | 30.007 |
| Camarilla | 29.079 | 29.123 | 29.167 | 29.211 | 29.255 | 29.299 | 29.343 |
| Woodie | 28.493 | 28.848 | 28.972 | 29.327 | 29.451 | 29.806 | 29.930 |
| Fibonacci | 28.886 | 29.069 | 29.182 | 29.365 | 29.548 | 29.661 | 29.844 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.790 | 29.146 | 29.365 | 29.721 | 29.940 | 30.296 | 30.515 |
| Camarilla | 29.427 | 29.480 | 29.532 | 29.585 | 29.638 | 29.690 | 29.743 |
| Woodie | 28.723 | 29.112 | 29.298 | 29.687 | 29.873 | 30.262 | 30.448 |
| Fibonacci | 29.146 | 29.365 | 29.501 | 29.721 | 29.940 | 30.076 | 30.296 |
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): | 28.67 | |
| MACD (12,26,9): | -0.1380 | |
| Directional Movement: | -9.034 | |
| AROON (14): | -71.429 | |
| DEMA (21): | 29.395 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.675 | |
| Elder Ray (13): | -0.253 | |
| Super Trend (3,10): | 29.860 | |
| Zig ZAG (10): | 29.180 | |
| VORTEX (21): | 0.8970 | |
| Stochastique (14,3,5): | 7.66 | |
| TEMA (21): | 29.326 | |
| Williams %R (14): | -97.27 | |
| Chande Momentum Oscillator (20): | -0.488 | |
| Repulse (5,40,3): | -1.0890 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 1.67 |
| MA7: | 29.443 | |
| MA20: | 29.582 | |
| MA50: | 29.772 | |
| MA100: | 29.815 | |
| MAexp7: | 29.392 | |
| MAexp20: | 29.562 | |
| MAexp50: | 29.723 | |
| MAexp100: | 29.795 | |
| Price / MA7: | -0.85% | |
| Price / MA20: | -1.31% | |
| Price / MA50: | -1.94% | |
| Price / MA100: | -2.08% | |
| Price / MAexp7: | -0.67% | |
| Price / MAexp20: | -1.24% | |
| Price / MAexp50: | -1.78% | |
| Price / MAexp100: | -2.02% |
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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