GBP/CZK

- CZK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Forex
Ticker:	GBPCZK
ISIN:

GBP/CZK - Daily - Technical analysis published on 08/01/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

33%

11%

56%

My opinion

Bullish above 27.602 CZK

My targets

28.022 CZK (+0.162)

28.411 CZK (+0.551)

My analysis

GBP/CZK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 27.602 CZK. The next resistance located at 28.022 CZK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 28.411 CZK. After this resistance, buyers could then target 28.669 CZK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

6.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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 27.860 CZK. On the day, this instrument lost -0.05% and was traded between 27.825 CZK and 28.026 CZK over the period. The price is currently at +0.13% from its lowest and -0.59% from its highest.

27.825

28.026

27.860

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

Technical analysis of this Daily chart of GBP/CZK indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 10 are neutral and 2 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	26.975	27.210	27.602	27.860	28.022	28.411	28.669
Change (%)	-3.18%	-2.33%	-0.93%	-	+0.58%	+1.98%	+2.90%
Change	-0.885	-0.650	-0.258	-	+0.162	+0.551	+0.809
Level	Minor	Major	Intermediate	-	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	27.504	27.631	27.753	27.880	28.002	28.129	28.251
Camarilla	27.806	27.828	27.851	27.874	27.897	27.920	27.943
Woodie	27.501	27.630	27.750	27.879	27.999	28.128	28.248
Fibonacci	27.631	27.727	27.785	27.880	27.976	28.034	28.129

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27.285	27.518	27.746	27.979	28.207	28.440	28.668
Camarilla	27.846	27.889	27.931	27.973	28.015	28.058	28.100
Woodie	27.282	27.517	27.743	27.978	28.204	28.439	28.665
Fibonacci	27.518	27.694	27.803	27.979	28.155	28.264	28.440

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.779	27.133	27.504	27.858	28.229	28.583	28.954
Camarilla	27.675	27.741	27.808	27.874	27.941	28.007	28.073
Woodie	26.787	27.137	27.512	27.862	28.237	28.587	28.962
Fibonacci	27.133	27.410	27.581	27.858	28.135	28.306	28.583

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	52.69
MACD (12,26,9):	0.0830
Directional Movement:	8.303
AROON (14):	50.000
DEMA (21):	27.953
Parabolic SAR (0,02-0,02-0,2):	27.687
Elder Ray (13):	0.046
Super Trend (3,10):	27.516
Zig ZAG (10):	27.857
VORTEX (21):	1.0690
Stochastique (14,3,5):	56.97
TEMA (21):	27.940
Williams %R (14):	-49.79
Chande Momentum Oscillator (20):	0.123
Repulse (5,40,3):	-0.6810
ROCnROLL:	-1
TRIX (15,9):	0.0420
Courbe Coppock:	0.79

MA7:	27.976
MA20:	27.856
MA50:	27.678
MA100:	27.270
MAexp7:	27.911
MAexp20:	27.839
MAexp50:	27.650
MAexp100:	27.472
Price / MA7:	-0.41%
Price / MA20:	+0.01%
Price / MA50:	+0.66%
Price / MA100:	+2.16%
Price / MAexp7:	-0.18%
Price / MAexp20:	+0.08%
Price / MAexp50:	+0.76%
Price / MAexp100:	+1.41%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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