EUR/CZK - 1H - Technical analysis published on 05/13/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 25.5540 CZK
My targets
25.6830 CZK (+0.0815)
25.7389 CZK (+0.1374)
My analysis
EUR/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 25.5540 CZK. The next resistance located at 25.6830 CZK is the next bullish target 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 25.7389 CZK. After this resistance, buyers could then target 25.7813 CZK.
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
5.4
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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 25.6015 CZK. On the day, this instrument lost -0.01% with the lowest point at 25.5931 CZK and the highest point at 25.6134 CZK. The deviation from the price is +0.03% for the low point and -0.05% for the high point.25.5931
25.6134
25.6015
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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
A technical analysis in 1H of this EUR/CZK chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
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.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.4308 | 25.5009 | 25.5540 | 25.6015 | 25.6163 | 25.6830 | 25.7389 |
| Change (%) | -0.67% | -0.39% | -0.19% | - | +0.06% | +0.32% | +0.54% |
| Change | -0.1707 | -0.1006 | -0.0475 | - | +0.0148 | +0.0815 | +0.1374 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 25.4126 | 25.4565 | 25.5299 | 25.5738 | 25.6472 | 25.6911 | 25.7645 |
| Camarilla | 25.5710 | 25.5818 | 25.5926 | 25.6033 | 25.6141 | 25.6248 | 25.6356 |
| Woodie | 25.4274 | 25.4639 | 25.5447 | 25.5812 | 25.6620 | 25.6985 | 25.7793 |
| Fibonacci | 25.4565 | 25.5013 | 25.5290 | 25.5738 | 25.6186 | 25.6463 | 25.6911 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.2629 | 25.4383 | 25.5485 | 25.7239 | 25.8341 | 26.0095 | 26.1197 |
| Camarilla | 25.5803 | 25.6064 | 25.6326 | 25.6588 | 25.6850 | 25.7112 | 25.7373 |
| Woodie | 25.2304 | 25.4220 | 25.5160 | 25.7076 | 25.8016 | 25.9932 | 26.0872 |
| Fibonacci | 25.4383 | 25.5474 | 25.6148 | 25.7239 | 25.8330 | 25.9004 | 26.0095 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.3515 | 25.5694 | 25.7156 | 25.9335 | 26.0797 | 26.2976 | 26.4438 |
| Camarilla | 25.7616 | 25.7950 | 25.8283 | 25.8617 | 25.8951 | 25.9285 | 25.9618 |
| Woodie | 25.3156 | 25.5515 | 25.6797 | 25.9156 | 26.0438 | 26.2797 | 26.4079 |
| Fibonacci | 25.5694 | 25.7085 | 25.7945 | 25.9335 | 26.0726 | 26.1586 | 26.2976 |
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): | 63.27 | |
| MACD (12,26,9): | 0.0156 | |
| Directional Movement: | 15.4505 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 25.6027 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.5784 | |
| Elder Ray (13): | 0.0176 | |
| Super Trend (3,10): | 25.5576 | |
| Zig ZAG (10): | 25.6073 | |
| VORTEX (21): | 1.1517 | |
| Stochastique (14,3,5): | 77.90 | |
| TEMA (21): | 25.6145 | |
| Williams %R (14): | -19.94 | |
| Chande Momentum Oscillator (20): | 0.0248 | |
| Repulse (5,40,3): | 0.0062 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0082 | |
| Courbe Coppock: | 0.30 |
| MA7: | 25.6358 | |
| MA20: | 25.7905 | |
| MA50: | 25.9767 | |
| MA100: | 26.0134 | |
| MAexp7: | 25.5986 | |
| MAexp20: | 25.5806 | |
| MAexp50: | 25.5744 | |
| MAexp100: | 25.6075 | |
| Price / MA7: | -0.13% | |
| Price / MA20: | -0.73% | |
| Price / MA50: | -1.44% | |
| Price / MA100: | -1.58% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | -0.02% |
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.
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