EUR/CZK
EUR CZK
- CZK (-)
- Real time data - Forex
Open: -
Change: -
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High / Low range: -
Type: Forex
Ticker: EURCZK
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EUR/CZK - 1H - Technical analysis published on 03/01/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Slightly bullish
Technical indicators
39%
28%
33%
My opinion
Bearish under 26.2171 CZK
My targets
26.0816 CZK (-0.0373)
25.9604 CZK (-0.1585)
My analysis
The strong short-term decline in EUR/CZK calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 26.2171 CZK, one could consider taking advantage of the short-term movement. The first bearish objective is located at 26.0816 CZK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 25.9604 CZK as an objective. Crossing it would then enable sellers to target 25.9063 CZK. Be careful, a return to above 26.2171 CZK could jeopardize the reversal.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
0.4

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/CZK rating is 26.1189 CZK. On the day, this instrument lost -0.22% and was between 25.9377 CZK and 26.2187 CZK. This implies that the price is at +0.70% from its lowest and at -0.38% from its highest.

25.9377
26.2187
26.1189

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this EUR/CZK chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

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:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 25.9063 25.9604 26.0816 26.1189 26.2171 26.2636 26.3309
Change (%) -0.81% -0.61% -0.14% - +0.38% +0.55% +0.81%
Change -0.2126 -0.1585 -0.0373 - +0.0982 +0.1447 +0.2120
Level Intermediate Intermediate Major - Minor Major Intermediate



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
Standard25.929426.014026.094826.179426.260226.344826.4256
Camarilla26.130126.145326.160426.175626.190826.205926.2211
Woodie25.927526.013126.092926.178526.258326.343926.4237
Fibonacci26.014026.077226.116226.179426.242626.281626.3448


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25.415125.602525.889126.076526.363126.550526.8371
Camarilla26.045326.088726.132226.175626.219126.262526.3060
Woodie25.464625.627325.938626.101326.412626.575326.8866
Fibonacci25.602525.783625.895526.076526.257626.369526.5505


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25.169725.406325.790926.027526.412126.648727.0333
Camarilla26.004826.061726.118726.175626.232526.289526.3464
Woodie25.243825.443325.865026.064526.486226.685727.1074
Fibonacci25.406325.643625.790226.027526.264826.411426.6487

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): 47.79
MACD (12,26,9): -0.0132
Directional Movement: -20.0096
AROON (14): -28.5715
DEMA (21): 26.1275
Parabolic SAR (0,02-0,02-0,2): 25.7426
Elder Ray (13): -0.0884
Super Trend (3,10): 25.9339
Zig ZAG (10): 26.1120
VORTEX (21): 0.8149
Stochastique (14,3,5): 82.87
TEMA (21): 26.1100
Williams %R (14): -22.69
Chande Momentum Oscillator (20): -0.0577
Repulse (5,40,3): 0.1378
ROCnROLL: 2
TRIX (15,9): -0.0083
Courbe Coppock: 0.46
MA7: 26.0290
MA20: 25.8776
MA50: 26.0497
MA100: 26.3660
MAexp7: 26.1300
MAexp20: 26.1450
MAexp50: 26.1377
MAexp100: 26.0812
Price / MA7: +0.35%
Price / MA20: +0.93%
Price / MA50: +0.27%
Price / MA100: -0.94%
Price / MAexp7: -0.04%
Price / MAexp20: -0.10%
Price / MAexp50: -0.07%
Price / MAexp100: +0.14%

Quotes : 2021-03-01 07:48:33 - Real time data - Forex

News


The last news published on EUR/CZK at the time of the generation of this analysis was as follows:

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

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