EUR/CZK - 1H - Technical analysis published on 09/15/2021 (GMT)
- 178
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 25.3468 CZK
My targets
25.4310 CZK (+0.0554)
25.4766 CZK (+0.1010)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade EUR/CZK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 25.3468 CZK. The buyers' bullish objective is set at 25.4310 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 25.4766 CZK. If there is any crossing, the next objective would be the resistance located at 25.8584 CZK. If there is a bearish break in the support located at 25.3468 CZK some indecision would arise.
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
4.1
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:
Additional analysis
Quotes
The EUR/CZK rating is 25.3756 CZK. The price has increased by +0.08% since the last closing and was between 25.3525 CZK and 25.3828 CZK. This implies that the price is at +0.09% from its lowest and at -0.03% from its highest.25.3525
25.3828
25.3756
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 slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high 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
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.2979 | 25.3468 | 25.3722 | 25.3756 | 25.4310 | 25.4476 | 25.4766 |
| Change (%) | -0.31% | -0.11% | -0.01% | - | +0.22% | +0.28% | +0.40% |
| Change | -0.0777 | -0.0288 | -0.0034 | - | +0.0554 | +0.0720 | +0.1010 |
| Level | Minor | Major | 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 | 25.2643 | 25.3038 | 25.3291 | 25.3686 | 25.3939 | 25.4334 | 25.4587 |
| Camarilla | 25.3366 | 25.3425 | 25.3485 | 25.3544 | 25.3603 | 25.3663 | 25.3722 |
| Woodie | 25.2572 | 25.3003 | 25.3220 | 25.3651 | 25.3868 | 25.4299 | 25.4516 |
| Fibonacci | 25.3038 | 25.3286 | 25.3439 | 25.3686 | 25.3934 | 25.4087 | 25.4334 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.0191 | 25.1387 | 25.2374 | 25.3570 | 25.4557 | 25.5753 | 25.6740 |
| Camarilla | 25.2761 | 25.2961 | 25.3161 | 25.3361 | 25.3561 | 25.3761 | 25.3961 |
| Woodie | 25.0087 | 25.1335 | 25.2270 | 25.3518 | 25.4453 | 25.5701 | 25.6636 |
| Fibonacci | 25.1387 | 25.2221 | 25.2736 | 25.3570 | 25.4404 | 25.4919 | 25.5753 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.8985 | 25.0926 | 25.2514 | 25.4455 | 25.6043 | 25.7984 | 25.9572 |
| Camarilla | 25.3131 | 25.3454 | 25.3778 | 25.4101 | 25.4425 | 25.4748 | 25.5072 |
| Woodie | 24.8808 | 25.0838 | 25.2337 | 25.4367 | 25.5866 | 25.7896 | 25.9395 |
| Fibonacci | 25.0926 | 25.2274 | 25.3107 | 25.4455 | 25.5803 | 25.6636 | 25.7984 |
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): | 62.64 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 8.9729 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 25.3601 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.3433 | |
| Elder Ray (13): | 0.0099 | |
| Super Trend (3,10): | 25.3883 | |
| Zig ZAG (10): | 25.3797 | |
| VORTEX (21): | 0.9418 | |
| Stochastique (14,3,5): | 80.70 | |
| TEMA (21): | 25.3595 | |
| Williams %R (14): | -13.30 | |
| Chande Momentum Oscillator (20): | 0.0189 | |
| Repulse (5,40,3): | 0.0933 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0008 | |
| Courbe Coppock: | 0.02 |
| MA7: | 25.3800 | |
| MA20: | 25.4447 | |
| MA50: | 25.5038 | |
| MA100: | 25.5131 | |
| MAexp7: | 25.3614 | |
| MAexp20: | 25.3580 | |
| MAexp50: | 25.3608 | |
| MAexp100: | 25.3679 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | -0.27% | |
| Price / MA50: | -0.50% | |
| Price / MA100: | -0.54% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +0.03% |
Quotes :
-
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:
Tensions Could Impact EUR/CZKThis member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/CZK - 1H