GBP/CZK

- CZK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	GBPCZK
ISIN:

GBP/CZK - 1H - Technical analysis published on 02/14/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

33%

My opinion

Bullish above 29.751 CZK

My targets

29.934 CZK (+0.083)

30.266 CZK (+0.415)

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 29.751 CZK. The next resistance located at 29.934 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 30.266 CZK. After this resistance, buyers could then target 30.352 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.

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

8.2

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

GBP/CZK rating 29.851 CZK. The price has increased by +0.21% since the last closing and was traded between 29.783 CZK and 29.864 CZK over the period. The price is currently at +0.23% from its lowest and -0.04% from its highest.

29.783

29.864

29.851

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

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by GBP/CZK:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of GBP/CZK in 1H shows a strongly overall bullish trend. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

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:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	29.322	29.426	29.539	29.851	29.865	30.352	31.101
Change (%)	-1.77%	-1.42%	-1.05%	-	+0.05%	+1.68%	+4.19%
Change	-0.529	-0.425	-0.312	-	+0.014	+0.501	+1.250
Level	Major	Minor	Intermediate	-	Intermediate	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.271	29.405	29.597	29.731	29.923	30.057	30.249
Camarilla	29.699	29.729	29.759	29.789	29.819	29.849	29.879
Woodie	29.300	29.420	29.626	29.746	29.952	30.072	30.278
Fibonacci	29.405	29.530	29.607	29.731	29.856	29.933	30.057

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.721	28.904	29.236	29.419	29.751	29.934	30.266
Camarilla	29.427	29.475	29.522	29.569	29.616	29.663	29.711
Woodie	28.797	28.941	29.312	29.456	29.827	29.971	30.342
Fibonacci	28.904	29.100	29.222	29.419	29.615	29.737	29.934

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27.776	28.076	28.602	28.902	29.428	29.728	30.254
Camarilla	28.902	28.978	29.053	29.129	29.205	29.280	29.356
Woodie	27.890	28.133	28.716	28.959	29.542	29.785	30.368
Fibonacci	28.076	28.391	28.586	28.902	29.217	29.412	29.728

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):	70.06
MACD (12,26,9):	0.0580
Directional Movement:	16.659
AROON (14):	28.571
DEMA (21):	29.854
Parabolic SAR (0,02-0,02-0,2):	29.772
Elder Ray (13):	0.049
Super Trend (3,10):	29.724
Zig ZAG (10):	29.858
VORTEX (21):	1.2290
Stochastique (14,3,5):	90.19
TEMA (21):	29.869
Williams %R (14):	-4.44
Chande Momentum Oscillator (20):	0.051
Repulse (5,40,3):	0.1220
ROCnROLL:	1
TRIX (15,9):	0.0290
Courbe Coppock:	0.82

MA7:	29.543
MA20:	29.225
MA50:	28.789
MA100:	28.504
MAexp7:	29.829
MAexp20:	29.777
MAexp50:	29.681
MAexp100:	29.571
Price / MA7:	+1.04%
Price / MA20:	+2.14%
Price / MA50:	+3.69%
Price / MA100:	+4.73%
Price / MAexp7:	+0.07%
Price / MAexp20:	+0.25%
Price / MAexp50:	+0.57%
Price / MAexp100:	+0.95%

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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