EUR/CZK - 1H - Technical analysis published on 04/21/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 25.8951 CZK
My targets
25.8172 CZK (-0.0429)
25.6830 CZK (-0.1771)
My analysis
The bearish trend is currently very strong for EUR/CZK. As long as the price remains below the resistance at 25.8951 CZK, you could try to take advantage of the bearish rally. The first bearish objective is located at 25.8172 CZK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 25.6830 CZK as an objective. Crossing it would then enable sellers to target 25.4308 CZK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/CZK rating 25.8601 CZK. The price registered a decrease of -0.29% on the session with the lowest point at 25.8507 CZK and the highest point at 25.9504 CZK. The deviation from the price is +0.04% for the low point and -0.35% for the high point.25.8507
25.9504
25.8601
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.
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:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/CZK in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.6830 | 25.8172 | 25.8418 | 25.8601 | 25.8951 | 25.9215 | 25.9752 |
| Change (%) | -0.68% | -0.17% | -0.07% | - | +0.14% | +0.24% | +0.45% |
| Change | -0.1771 | -0.0429 | -0.0183 | - | +0.0350 | +0.0614 | +0.1151 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.8417 | 25.8687 | 25.9023 | 25.9293 | 25.9629 | 25.9899 | 26.0235 |
| Camarilla | 25.9191 | 25.9247 | 25.9303 | 25.9358 | 25.9414 | 25.9469 | 25.9525 |
| Woodie | 25.8449 | 25.8704 | 25.9055 | 25.9310 | 25.9661 | 25.9916 | 26.0267 |
| Fibonacci | 25.8687 | 25.8919 | 25.9062 | 25.9293 | 25.9525 | 25.9668 | 25.9899 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.5444 | 25.6994 | 25.8049 | 25.9599 | 26.0654 | 26.2204 | 26.3259 |
| Camarilla | 25.8388 | 25.8626 | 25.8865 | 25.9104 | 25.9343 | 25.9582 | 25.9820 |
| Woodie | 25.5197 | 25.6870 | 25.7802 | 25.9475 | 26.0407 | 26.2080 | 26.3012 |
| Fibonacci | 25.6994 | 25.7989 | 25.8604 | 25.9599 | 26.0594 | 26.1209 | 26.2204 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.3836 | 25.6607 | 25.8842 | 26.1613 | 26.3848 | 26.6619 | 26.8854 |
| Camarilla | 25.9701 | 26.0160 | 26.0619 | 26.1078 | 26.1537 | 26.1996 | 26.2455 |
| Woodie | 25.3569 | 25.6473 | 25.8575 | 26.1479 | 26.3581 | 26.6485 | 26.8587 |
| Fibonacci | 25.6607 | 25.8519 | 25.9700 | 26.1613 | 26.3525 | 26.4706 | 26.6619 |
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): | 26.88 | |
| MACD (12,26,9): | -0.0167 | |
| Directional Movement: | -20.5978 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 25.8854 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.9205 | |
| Elder Ray (13): | -0.0354 | |
| Super Trend (3,10): | 25.9265 | |
| Zig ZAG (10): | 25.8586 | |
| VORTEX (21): | 0.7921 | |
| Stochastique (14,3,5): | 6.57 | |
| TEMA (21): | 25.8699 | |
| Williams %R (14): | -92.38 | |
| Chande Momentum Oscillator (20): | -0.0855 | |
| Repulse (5,40,3): | -0.1274 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0045 | |
| Courbe Coppock: | 0.45 |
| MA7: | 25.9167 | |
| MA20: | 25.9972 | |
| MA50: | 26.0461 | |
| MA100: | 26.1021 | |
| MAexp7: | 25.8780 | |
| MAexp20: | 25.9029 | |
| MAexp50: | 25.9167 | |
| MAexp100: | 25.9243 | |
| Price / MA7: | -0.22% | |
| Price / MA20: | -0.53% | |
| Price / MA50: | -0.71% | |
| Price / MA100: | -0.93% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.25% |
Quotes :
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Real time data
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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:
Tensions Could Impact EUR/CZKThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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