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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 - Daily - Technical analysis published on 08/14/2023 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
33%
39%
28%
My opinion
Bullish above 23.8906 CZK
My targets
24.3993 CZK (+0.3412)
24.6462 CZK (+0.5881)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 23.8906 CZK remains possible. 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 23.8906 CZK. The next bullish objective for buyers is set at 24.3993 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 24.6462 CZK. If there is any crossing, the next objective would be the resistance located at 26.0930 CZK. PS: if there is a bearish break in the support located at 23.8906 CZK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3

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.

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15 min. 1H Weekly

Additional analysis

Quotes

EUR/CZK rating 24.0581 CZK. On the day, this instrument lost -0.01% and was between 24.0513 CZK and 24.0635 CZK. This implies that the price is at +0.03% from its lowest and at -0.02% from its highest.

24.0513
24.0635
24.0581

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EUR/CZK:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of EUR/CZK in Daily shows an overall bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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:

Central Candlesticks

Bullish doji star

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 23.6308 23.8906 24.0036 24.0581 24.3993 26.0930 27.7631
Change (%) -1.78% -0.70% -0.23% - +1.42% +8.46% +15.40%
Change -0.4273 -0.1675 -0.0545 - +0.3412 +2.0349 +3.7050
Level Minor Major Major - Intermediate Major Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.979224.018324.039124.078224.099024.138124.1589
Camarilla24.043324.048824.054324.059824.065324.070824.0763
Woodie23.970024.013724.029924.073624.089824.133524.1497
Fibonacci24.018324.041224.055424.078224.101124.115324.1381


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.688623.861223.962924.135524.237224.409824.5115
Camarilla23.989224.014324.039524.064624.089724.114924.1400
Woodie23.653223.843523.927524.117824.201824.392124.4761
Fibonacci23.861223.966024.030724.135524.240324.305024.4098


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.163323.427423.657623.921724.151924.416024.6462
Camarilla23.751823.797123.842423.887723.933023.978324.0236
Woodie23.146323.418923.640623.913224.134924.407524.6292
Fibonacci23.427423.616323.732923.921724.110624.227224.4160

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): 52.09
MACD (12,26,9): 0.0769
Directional Movement: 6.2289
AROON (14): 50.0000
DEMA (21): 24.1758
Parabolic SAR (0,02-0,02-0,2): 23.9892
Elder Ray (13): -0.0478
Super Trend (3,10): 23.9178
Zig ZAG (10): 24.0556
VORTEX (21): 1.1178
Stochastique (14,3,5): 47.15
TEMA (21): 24.1807
Williams %R (14): -53.87
Chande Momentum Oscillator (20): 0.0715
Repulse (5,40,3): -0.5011
ROCnROLL: -1
TRIX (15,9): 0.0573
Courbe Coppock: 1.25
MA7: 24.1688
MA20: 24.0845
MA50: 23.8873
MA100: 23.7088
MAexp7: 24.1187
MAexp20: 24.0668
MAexp50: 23.9272
MAexp100: 23.8495
Price / MA7: -0.46%
Price / MA20: -0.11%
Price / MA50: +0.72%
Price / MA100: +1.47%
Price / MAexp7: -0.25%
Price / MAexp20: -0.04%
Price / MAexp50: +0.55%
Price / MAexp100: +0.87%

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:

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

About author

Londinia
Londinia AI

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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…

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