AUD/CZK
AUD CZK
- CZK (-)
- Real time data - Forex
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Type: Forex
Ticker: AUDCZK
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AUD/CZK - 1H - Technical analysis published on 09/17/2020 (GMT)

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  • Timeframe : 1H
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  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 16.46 CZK
My targets
16.58 CZK (+0.03)
16.69 CZK (+0.14)
My analysis
The basic bullish trend is very strong on AUD/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 16.46 CZK. Crossing the first resistance at 16.58 CZK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 16.69 CZK as an objective. Crossing it would then enable buyers to target 18.16 CZK. Caution, a return to below 16.46 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
7.3

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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Daily Weekly

Additional analysis

Quotes

The AUD/CZK price is 16.55 CZK. The price registered an increase of +0.24% on the session and was traded between 16.50 CZK and 16.58 CZK over the period. The price is currently at +0.30% from its lowest and -0.18% from its highest.

16.50
16.58
16.55

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of AUD/CZK indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, 11 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal resistance is broken

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


S3S2S1PriceR1R2R3
ProTrendLines 16.35 16.46 16.54 16.55 16.69 18.16 19.11
Change (%) -1.21% -0.54% -0.06% - +0.85% +9.73% +15.47%
Change -0.20 -0.09 -0.01 - +0.14 +1.61 +2.56
Level Major Minor Major - Major Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.3716.4216.4616.5116.5516.6016.64
Camarilla16.4916.4916.5016.5116.5216.5316.54
Woodie16.3816.4216.4716.5116.5616.6016.65
Fibonacci16.4216.4516.4716.5116.5416.5616.60


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.0716.1416.2416.3116.4116.4816.58
Camarilla16.2916.3116.3216.3416.3616.3716.39
Woodie16.0916.1516.2616.3216.4316.4916.60
Fibonacci16.1416.2116.2516.3116.3816.4216.48


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.3615.5515.8916.0816.4216.6116.95
Camarilla16.0816.1316.1816.2316.2816.3316.38
Woodie15.4415.5915.9716.1216.5016.6517.03
Fibonacci15.5515.7515.8816.0816.2816.4116.61

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): 55.88
MACD (12,26,9): 0.0100
Directional Movement: 2.95
AROON (14): -50.00
DEMA (21): 16.53
Parabolic SAR (0,02-0,02-0,2): 16.50
Elder Ray (13): 0.01
Super Trend (3,10): 16.46
Zig ZAG (10): 16.54
VORTEX (21): 1.0100
Stochastique (14,3,5): 50.00
TEMA (21): 16.53
Williams %R (14): -50.00
Chande Momentum Oscillator (20): 0.03
Repulse (5,40,3): 0.1000
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.18
MA7: 16.41
MA20: 16.23
MA50: 16.12
MA100: 16.23
MAexp7: 16.53
MAexp20: 16.52
MAexp50: 16.50
MAexp100: 16.46
Price / MA7: +0.85%
Price / MA20: +1.97%
Price / MA50: +2.67%
Price / MA100: +1.97%
Price / MAexp7: +0.12%
Price / MAexp20: +0.18%
Price / MAexp50: +0.30%
Price / MAexp100: +0.55%

Quotes : 2020-09-17 11:48:24 - Real time data - Forex

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

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