GBP/CZK - 1H - Technical analysis published on 08/04/2023 (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:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 28.022 CZK
My targets
28.159 CZK (+0.031)
28.213 CZK (+0.085)
My analysis
The bullish trend is currently very strong on GBP/CZK. As long as the price remains above the support at 28.022 CZK, you could try to benefit from the boom. The first bullish objective is located at 28.159 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 28.213 CZK as an objective. Crossing it would then enable buyers to target 28.411 CZK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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
7.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/CZK rating 28.128 CZK. On the day, this instrument gained +0.00% and was traded between 28.122 CZK and 28.188 CZK over the period. The price is currently at +0.02% from its lowest and -0.21% from its highest.28.122
28.188
28.128
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
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. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 27.854 | 28.022 | 28.114 | 28.128 | 28.159 | 28.213 | 28.411 |
| Change (%) | -0.97% | -0.38% | -0.05% | - | +0.11% | +0.30% | +1.01% |
| Change | -0.274 | -0.106 | -0.014 | - | +0.031 | +0.085 | +0.283 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.432 | 27.584 | 27.856 | 28.008 | 28.280 | 28.432 | 28.704 |
| Camarilla | 28.012 | 28.051 | 28.090 | 28.129 | 28.168 | 28.207 | 28.246 |
| Woodie | 27.493 | 27.614 | 27.917 | 28.038 | 28.341 | 28.462 | 28.765 |
| Fibonacci | 27.584 | 27.746 | 27.846 | 28.008 | 28.170 | 28.270 | 28.432 |
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 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): | 67.32 | |
| MACD (12,26,9): | 0.0670 | |
| Directional Movement: | 21.839 | |
| AROON (14): | 78.571 | |
| DEMA (21): | 28.174 | |
| Parabolic SAR (0,02-0,02-0,2): | 28.029 | |
| Elder Ray (13): | 0.035 | |
| Super Trend (3,10): | 28.045 | |
| Zig ZAG (10): | 28.139 | |
| VORTEX (21): | 1.2300 | |
| Stochastique (14,3,5): | 72.53 | |
| TEMA (21): | 28.199 | |
| Williams %R (14): | -46.54 | |
| Chande Momentum Oscillator (20): | 0.043 | |
| Repulse (5,40,3): | -0.0980 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0360 | |
| Courbe Coppock: | 1.01 |
| MA7: | 27.978 | |
| MA20: | 27.877 | |
| MA50: | 27.728 | |
| MA100: | 27.289 | |
| MAexp7: | 28.148 | |
| MAexp20: | 28.086 | |
| MAexp50: | 27.996 | |
| MAexp100: | 27.956 | |
| Price / MA7: | +0.54% | |
| Price / MA20: | +0.90% | |
| Price / MA50: | +1.44% | |
| Price / MA100: | +3.07% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.46% | |
| Price / MAexp100: | +0.61% |
Quotes :
-
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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