GBP/CZK - 1H - Technical analysis published on 09/04/2023 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 28.127 CZK
My targets
28.207 CZK (+0.047)
28.267 CZK (+0.107)
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 28.127 CZK. Crossing the first resistance at 28.207 CZK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 28.267 CZK as an objective. Crossing it would then enable buyers to target 28.371 CZK. Caution, a return to below 28.127 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.1
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Additional analysis
Quotes
The GBP/CZK rating is 28.160 CZK. On the day, this instrument gained +0.00% and was traded between 28.148 CZK and 28.172 CZK over the period. The price is currently at +0.04% from its lowest and -0.04% from its highest.28.148
28.172
28.160
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. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner found this result concerning these indicators:
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 resistance of triangle
Type : Bearish
Timeframe : 1 hour
Near support of channel
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 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 28.029 | 28.079 | 28.127 | 28.160 | 28.160 | 28.207 | 28.267 |
| Change (%) | -0.47% | -0.29% | -0.12% | 0% | - | +0.17% | +0.38% |
| Change | -0.131 | -0.081 | -0.033 | 0 | - | +0.047 | +0.107 |
| Level | Major | Minor | Minor | Intermediate | - | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.977 | 28.020 | 28.091 | 28.134 | 28.205 | 28.248 | 28.319 |
| Camarilla | 28.130 | 28.140 | 28.151 | 28.161 | 28.172 | 28.182 | 28.192 |
| Woodie | 27.990 | 28.027 | 28.104 | 28.141 | 28.218 | 28.255 | 28.332 |
| Fibonacci | 28.020 | 28.064 | 28.091 | 28.134 | 28.178 | 28.205 | 28.248 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.722 | 27.839 | 27.993 | 28.110 | 28.264 | 28.381 | 28.535 |
| Camarilla | 28.073 | 28.097 | 28.122 | 28.147 | 28.172 | 28.197 | 28.222 |
| Woodie | 27.741 | 27.848 | 28.012 | 28.119 | 28.283 | 28.390 | 28.554 |
| Fibonacci | 27.839 | 27.943 | 28.007 | 28.110 | 28.214 | 28.278 | 28.381 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.150 | 27.442 | 27.786 | 28.078 | 28.422 | 28.714 | 29.058 |
| Camarilla | 27.954 | 28.012 | 28.071 | 28.129 | 28.187 | 28.246 | 28.304 |
| Woodie | 27.175 | 27.455 | 27.811 | 28.091 | 28.447 | 28.727 | 29.083 |
| Fibonacci | 27.442 | 27.685 | 27.835 | 28.078 | 28.321 | 28.471 | 28.714 |
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): | 52.89 | |
| MACD (12,26,9): | 0.0060 | |
| Directional Movement: | 3.066 | |
| AROON (14): | -50.000 | |
| DEMA (21): | 28.162 | |
| Parabolic SAR (0,02-0,02-0,2): | 28.175 | |
| Elder Ray (13): | 0.009 | |
| Super Trend (3,10): | 28.206 | |
| Zig ZAG (10): | 28.165 | |
| VORTEX (21): | 1.0260 | |
| Stochastique (14,3,5): | 60.12 | |
| TEMA (21): | 28.155 | |
| Williams %R (14): | -38.65 | |
| Chande Momentum Oscillator (20): | -0.031 | |
| Repulse (5,40,3): | 0.0730 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0050 | |
| Courbe Coppock: | 0.19 |
| MA7: | 28.110 | |
| MA20: | 28.112 | |
| MA50: | 27.955 | |
| MA100: | 27.592 | |
| MAexp7: | 28.155 | |
| MAexp20: | 28.152 | |
| MAexp50: | 28.131 | |
| MAexp100: | 28.117 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | +0.17% | |
| Price / MA50: | +0.73% | |
| Price / MA100: | +2.06% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.15% |
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.
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