GBP/CZK - 1H - Technical analysis published on 08/08/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 29.126 CZK
My targets
28.888 CZK (-0.192)
28.669 CZK (-0.411)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GBP/CZK. As long as you are under the resistance located at 29.126 CZK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 28.888 CZK would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 28.669 CZK as an objective. Crossing it would then enable sellers to target 27.766 CZK. If the resistance 29.126 CZK were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.7
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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 GBP/CZK price is 29.080 CZK. The price registered a decrease of -0.02% on the session and was traded between 29.020 CZK and 29.108 CZK over the period. The price is currently at +0.21% from its lowest and -0.10% from its highest.29.020
29.108
29.080
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/CZK:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
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
Technical analysis of GBP/CZK in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
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 | 27.210 | 27.766 | 28.669 | 29.080 | 29.126 | 29.275 | 29.407 |
| Change (%) | -6.43% | -4.52% | -1.41% | - | +0.16% | +0.67% | +1.12% |
| Change | -1.870 | -1.314 | -0.411 | - | +0.046 | +0.195 | +0.327 |
| Level | Minor | Minor | Major | - | Major | Minor | 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 | 28.732 | 28.879 | 28.982 | 29.129 | 29.232 | 29.379 | 29.482 |
| Camarilla | 29.017 | 29.040 | 29.063 | 29.086 | 29.109 | 29.132 | 29.155 |
| Woodie | 28.711 | 28.868 | 28.961 | 29.118 | 29.211 | 29.368 | 29.461 |
| Fibonacci | 28.879 | 28.974 | 29.033 | 29.129 | 29.224 | 29.283 | 29.379 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.354 | 28.689 | 28.888 | 29.223 | 29.422 | 29.757 | 29.956 |
| Camarilla | 28.939 | 28.988 | 29.037 | 29.086 | 29.135 | 29.184 | 29.233 |
| Woodie | 28.285 | 28.655 | 28.819 | 29.189 | 29.353 | 29.723 | 29.887 |
| Fibonacci | 28.689 | 28.893 | 29.019 | 29.223 | 29.427 | 29.553 | 29.757 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.757 | 28.136 | 28.731 | 29.110 | 29.705 | 30.084 | 30.679 |
| Camarilla | 29.057 | 29.146 | 29.236 | 29.325 | 29.414 | 29.504 | 29.593 |
| Woodie | 27.864 | 28.190 | 28.838 | 29.164 | 29.812 | 30.138 | 30.786 |
| Fibonacci | 28.136 | 28.508 | 28.738 | 29.110 | 29.482 | 29.712 | 30.084 |
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): | 44.60 | |
| MACD (12,26,9): | -0.0350 | |
| Directional Movement: | -2.070 | |
| AROON (14): | -50.000 | |
| DEMA (21): | 29.023 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.020 | |
| Elder Ray (13): | -0.001 | |
| Super Trend (3,10): | 29.152 | |
| Zig ZAG (10): | 29.067 | |
| VORTEX (21): | 0.8810 | |
| Stochastique (14,3,5): | 23.49 | |
| TEMA (21): | 29.036 | |
| Williams %R (14): | -47.73 | |
| Chande Momentum Oscillator (20): | 0.028 | |
| Repulse (5,40,3): | 0.0820 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0210 | |
| Courbe Coppock: | 0.16 |
| MA7: | 29.284 | |
| MA20: | 29.072 | |
| MA50: | 28.946 | |
| MA100: | 29.085 | |
| MAexp7: | 29.050 | |
| MAexp20: | 29.076 | |
| MAexp50: | 29.161 | |
| MAexp100: | 29.236 | |
| Price / MA7: | -0.70% | |
| Price / MA20: | +0.03% | |
| Price / MA50: | +0.46% | |
| Price / MA100: | -0.02% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.28% | |
| Price / MAexp100: | -0.53% |
Quotes :
-
Real time data
-
Forex
This 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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