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EUR/CZK
EUR CZK
- CZK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURCZK
ISIN:

EUR/CZK - 1H - Technical analysis published on 03/23/2021 (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 bullish
De fond: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 26.1484 CZK
My targets
26.2473 CZK (+0.0505)
26.5234 CZK (+0.3266)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/CZK as long as the price remains well above 26.1484 CZK. The buyers” bullish objective is set at 26.2473 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 26.5234 CZK. If there is any crossing, the next objective would be the resistance located at 26.7913 CZK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
7.5

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.

Vincent Launay
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 price is 26.1968 CZK. On the day, this instrument gained +0.52% and was traded between 26.0623 CZK and 26.2283 CZK over the period. The price is currently at +0.52% from its lowest and -0.12% from its highest.

26.0623
26.2283
26.1968

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

Central Gaps

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:
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


Technical analysis of this 1H chart of EUR/CZK indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


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 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Support of triangle is broken

Type : Bearish

Timeframe : 1 hour



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 26.0816 26.1212 26.1484 26.1968 26.2049 26.2473 26.5234
Change (%) -0.44% -0.29% -0.18% - +0.03% +0.19% +1.25%
Change -0.1152 -0.0756 -0.0484 - +0.0081 +0.0505 +0.3266
Level Major Minor Intermediate - Intermediate Minor 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
Standard25.858225.922425.992626.056826.127026.191226.2614
Camarilla26.025726.038126.050426.062726.075026.087326.0997
Woodie25.861125.923925.995526.058326.129926.192726.2643
Fibonacci25.922425.973826.005526.056826.108226.139926.1912


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25.716925.843725.958226.085026.199526.326326.4408
Camarilla26.006226.028426.050526.072626.094726.116826.1390
Woodie25.710725.840625.952026.081926.193326.323226.4346
Fibonacci25.843725.935925.992926.085026.177226.234226.3263


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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 69.28
MACD (12,26,9): 0.0341
Directional Movement: 18.6748
AROON (14): 50.0000
DEMA (21): 26.1888
Parabolic SAR (0,02-0,02-0,2): 26.1113
Elder Ray (13): 0.0260
Super Trend (3,10): 26.1242
Zig ZAG (10): 26.2073
VORTEX (21): 1.1924
Stochastique (14,3,5): 84.64
TEMA (21): 26.2159
Williams %R (14): -18.43
Chande Momentum Oscillator (20): 0.1238
Repulse (5,40,3): -0.0064
ROCnROLL: 1
TRIX (15,9): 0.0134
Courbe Coppock: 0.96
MA7: 26.1287
MA20: 26.1847
MA50: 26.0423
MA100: 26.1953
MAexp7: 26.1926
MAexp20: 26.1446
MAexp50: 26.1178
MAexp100: 26.1210
Price / MA7: +0.26%
Price / MA20: +0.05%
Price / MA50: +0.59%
Price / MA100: +0.01%
Price / MAexp7: +0.02%
Price / MAexp20: +0.20%
Price / MAexp50: +0.30%
Price / MAexp100: +0.29%

Quotes : 2021-03-23 16:21:43 - Real time data - Forex

News


Don"t forget to follow the news on EUR/CZK. At the time of publication of this analysis, the latest news was as follows:

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

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