GBP/CZK - 1H - Technical analysis published on 03/08/2023 (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:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 26.393 CZK
My targets
26.620 CZK (+0.101)
26.721 CZK (+0.202)
My analysis
The strong short-term increase for GBP/CZK reinforces the current slightly bullish trend. As long as the price remains above 26.393 CZK, you could take advantage of this bullish acceleration. The first bullish objective is located at 26.620 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 26.721 CZK as an objective. Crossing it would then enable buyers to target 26.923 CZK. A return to 26.393 CZK would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.2
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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 rating is 26.519 CZK. The price has increased by +0.54% since the last closing with the lowest point at 26.378 CZK and the highest point at 26.706 CZK. The deviation from the price is +0.53% for the low point and -0.70% for the high point.26.378
26.706
26.519
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
A study of price movements over other periods shows the following variations:
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/CZK chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back under 0
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 several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 26.261 | 26.312 | 26.393 | 26.519 | 26.542 | 26.620 | 26.721 |
| Change (%) | -0.97% | -0.78% | -0.48% | - | +0.09% | +0.38% | +0.76% |
| Change | -0.258 | -0.207 | -0.126 | - | +0.023 | +0.101 | +0.202 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.045 | 26.208 | 26.293 | 26.456 | 26.541 | 26.704 | 26.789 |
| Camarilla | 26.309 | 26.332 | 26.354 | 26.377 | 26.400 | 26.423 | 26.445 |
| Woodie | 26.005 | 26.189 | 26.253 | 26.437 | 26.501 | 26.685 | 26.749 |
| Fibonacci | 26.208 | 26.303 | 26.362 | 26.456 | 26.551 | 26.610 | 26.704 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.603 | 25.932 | 26.265 | 26.594 | 26.927 | 27.256 | 27.589 |
| Camarilla | 26.416 | 26.477 | 26.537 | 26.598 | 26.659 | 26.719 | 26.780 |
| Woodie | 25.605 | 25.933 | 26.267 | 26.595 | 26.929 | 27.257 | 27.591 |
| Fibonacci | 25.932 | 26.185 | 26.341 | 26.594 | 26.847 | 27.003 | 27.256 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.897 | 26.175 | 26.458 | 26.736 | 27.019 | 27.297 | 27.580 |
| Camarilla | 26.587 | 26.638 | 26.690 | 26.741 | 26.792 | 26.844 | 26.895 |
| Woodie | 25.900 | 26.176 | 26.461 | 26.737 | 27.022 | 27.298 | 27.583 |
| Fibonacci | 26.175 | 26.389 | 26.522 | 26.736 | 26.950 | 27.083 | 27.297 |
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): | 53.80 | |
| MACD (12,26,9): | 0.0040 | |
| Directional Movement: | 7.838 | |
| AROON (14): | -50.000 | |
| DEMA (21): | 26.478 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.608 | |
| Elder Ray (13): | 0.019 | |
| Super Trend (3,10): | 26.352 | |
| Zig ZAG (10): | 26.496 | |
| VORTEX (21): | 1.0860 | |
| Stochastique (14,3,5): | 34.48 | |
| TEMA (21): | 26.490 | |
| Williams %R (14): | -65.00 | |
| Chande Momentum Oscillator (20): | -0.090 | |
| Repulse (5,40,3): | 0.1860 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0010 | |
| Courbe Coppock: | 0.13 |
| MA7: | 26.498 | |
| MA20: | 26.689 | |
| MA50: | 26.934 | |
| MA100: | 27.483 | |
| MAexp7: | 26.483 | |
| MAexp20: | 26.475 | |
| MAexp50: | 26.482 | |
| MAexp100: | 26.509 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | -0.64% | |
| Price / MA50: | -1.54% | |
| Price / MA100: | -3.51% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.04% |
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.
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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