GBP/CZK - 1H - Technical analysis published on 01/26/2021 (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
Court terme:
Bullish
De fond:
Bullish
Technical indicators
17%
28%
56%
My opinion
Bullish above 29.357 CZK
My targets
29.478 CZK (+0.038)
29.530 CZK (+0.090)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on GBP/CZK as long as the price remains well above 29.357 CZK. The buyers” bullish objective is set at 29.478 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 29.530 CZK. If there is any crossing, the next objective would be the resistance located at 29.575 CZK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.9
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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
The GBP/CZK price is 29.440 CZK. The price is lower by -0.04% since the last closing and was traded between 29.400 CZK and 29.467 CZK over the period. The price is currently at +0.14% from its lowest and -0.09% from its highest.29.400
29.467
29.440
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:
Technical
A technical analysis in 1H of this GBP/CZK chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 29.307 | 29.357 | 29.420 | 29.440 | 29.478 | 29.503 | 29.530 |
| Change (%) | -0.45% | -0.28% | -0.07% | - | +0.13% | +0.21% | +0.31% |
| Change | -0.133 | -0.083 | -0.020 | - | +0.038 | +0.063 | +0.090 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.175 | 29.241 | 29.346 | 29.412 | 29.517 | 29.583 | 29.688 |
| Camarilla | 29.404 | 29.420 | 29.435 | 29.451 | 29.467 | 29.482 | 29.498 |
| Woodie | 29.195 | 29.251 | 29.366 | 29.422 | 29.537 | 29.593 | 29.708 |
| Fibonacci | 29.241 | 29.306 | 29.347 | 29.412 | 29.477 | 29.518 | 29.583 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.946 | 29.111 | 29.245 | 29.410 | 29.544 | 29.709 | 29.843 |
| Camarilla | 29.297 | 29.324 | 29.352 | 29.379 | 29.406 | 29.434 | 29.461 |
| Woodie | 28.931 | 29.103 | 29.230 | 29.402 | 29.529 | 29.701 | 29.828 |
| Fibonacci | 29.111 | 29.225 | 29.296 | 29.410 | 29.524 | 29.595 | 29.709 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.698 | 28.096 | 28.722 | 29.120 | 29.746 | 30.144 | 30.770 |
| Camarilla | 29.066 | 29.160 | 29.254 | 29.348 | 29.442 | 29.536 | 29.630 |
| Woodie | 27.812 | 28.153 | 28.836 | 29.177 | 29.860 | 30.201 | 30.884 |
| Fibonacci | 28.096 | 28.487 | 28.729 | 29.120 | 29.511 | 29.753 | 30.144 |
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): | 46.27 | |
| MACD (12,26,9): | 0.0130 | |
| Directional Movement: | -4.255 | |
| AROON (14): | -100.000 | |
| DEMA (21): | 29.458 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.477 | |
| Elder Ray (13): | 0.016 | |
| Super Trend (3,10): | 29.351 | |
| Zig ZAG (10): | 29.435 | |
| VORTEX (21): | 1.1110 | |
| Stochastique (14,3,5): | 65.20 | |
| TEMA (21): | 29.461 | |
| Williams %R (14): | -50.69 | |
| Chande Momentum Oscillator (20): | -0.023 | |
| Repulse (5,40,3): | 0.0380 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0090 | |
| Courbe Coppock: | 0.26 |
| MA7: | 29.424 | |
| MA20: | 29.243 | |
| MA50: | 29.206 | |
| MA100: | 29.455 | |
| MAexp7: | 29.447 | |
| MAexp20: | 29.430 | |
| MAexp50: | 29.412 | |
| MAexp100: | 29.408 | |
| Price / MA7: | +0.05% | |
| Price / MA20: | +0.67% | |
| Price / MA50: | +0.80% | |
| Price / MA100: | -0.05% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.11% |
Quotes :
2021-01-26 08:09:45
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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