GBP/CZK - 1H - Technical analysis published on 07/25/2023 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 27.894 CZK
My targets
28.017 CZK (+0.068)
28.216 CZK (+0.267)
My analysis
The basic bullish trend is very strong on GBP/CZK but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 27.894 CZK. Crossing the first resistance at 28.017 CZK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 28.216 CZK as an objective. Crossing it would then enable buyers to target 28.411 CZK. Caution, a return to below 27.894 CZK would be a sign of a consolidation phase in the short-term basic trend. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3
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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 27.949 CZK. The price registered an increase of +0.00% on the session with the lowest point at 27.940 CZK and the highest point at 27.977 CZK. The deviation from the price is +0.03% for the low point and -0.10% for the high point.27.940
27.977
27.949
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:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/CZK chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
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:
Near resistance of channel
Type : Bearish
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 | 27.647 | 27.742 | 27.894 | 27.949 | 28.017 | 28.411 | 28.669 |
| Change (%) | -1.08% | -0.74% | -0.20% | - | +0.24% | +1.65% | +2.58% |
| Change | -0.302 | -0.207 | -0.055 | - | +0.068 | +0.462 | +0.720 |
| Level | Minor | Intermediate | Minor | - | Major | 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 | 27.555 | 27.653 | 27.802 | 27.900 | 28.049 | 28.147 | 28.296 |
| Camarilla | 27.882 | 27.905 | 27.927 | 27.950 | 27.973 | 27.995 | 28.018 |
| Woodie | 27.580 | 27.666 | 27.827 | 27.913 | 28.074 | 28.160 | 28.321 |
| Fibonacci | 27.653 | 27.748 | 27.806 | 27.900 | 27.995 | 28.053 | 28.147 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.232 | 27.360 | 27.560 | 27.688 | 27.888 | 28.016 | 28.216 |
| Camarilla | 27.670 | 27.700 | 27.730 | 27.760 | 27.790 | 27.820 | 27.850 |
| Woodie | 27.268 | 27.378 | 27.596 | 27.706 | 27.924 | 28.034 | 28.252 |
| Fibonacci | 27.360 | 27.485 | 27.563 | 27.688 | 27.813 | 27.891 | 28.016 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.122 | 26.689 | 27.164 | 27.731 | 28.206 | 28.773 | 29.248 |
| Camarilla | 27.353 | 27.448 | 27.544 | 27.639 | 27.735 | 27.830 | 27.926 |
| Woodie | 26.076 | 26.666 | 27.118 | 27.708 | 28.160 | 28.750 | 29.202 |
| Fibonacci | 26.689 | 27.087 | 27.333 | 27.731 | 28.129 | 28.375 | 28.773 |
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): | 59.82 | |
| MACD (12,26,9): | 0.0330 | |
| Directional Movement: | 13.934 | |
| AROON (14): | 35.714 | |
| DEMA (21): | 27.983 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.988 | |
| Elder Ray (13): | 0.006 | |
| Super Trend (3,10): | 27.862 | |
| Zig ZAG (10): | 27.953 | |
| VORTEX (21): | 1.0810 | |
| Stochastique (14,3,5): | 64.28 | |
| TEMA (21): | 27.976 | |
| Williams %R (14): | -42.05 | |
| Chande Momentum Oscillator (20): | 0.010 | |
| Repulse (5,40,3): | -0.0290 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0210 | |
| Courbe Coppock: | 0.20 |
| MA7: | 27.762 | |
| MA20: | 27.758 | |
| MA50: | 27.610 | |
| MA100: | 27.208 | |
| MAexp7: | 27.957 | |
| MAexp20: | 27.935 | |
| MAexp50: | 27.863 | |
| MAexp100: | 27.801 | |
| Price / MA7: | +0.67% | |
| Price / MA20: | +0.69% | |
| Price / MA50: | +1.23% | |
| Price / MA100: | +2.72% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.53% |
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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