GBP/CZK
GBP CZK
- CZK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPCZK
ISIN:

GBP/CZK - 1H - Technical analysis published on 02/17/2021 (GMT)

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  • Timeframe : 1H
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  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 29.667 CZK
My targets
29.797 CZK (+0.094)
30.004 CZK (+0.301)
My analysis
The bullish trend is currently very strong on GBP/CZK. As long as the price remains above the support at 29.667 CZK, you could try to benefit from the boom. The first bullish objective is located at 29.797 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 30.004 CZK as an objective. Crossing it would then enable buyers to target 30.213 CZK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7

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:
15 min. Daily Weekly

Additional analysis

Quotes

GBP/CZK rating 29.703 CZK. The price registered an increase of +0.10% on the session and was between 29.625 CZK and 29.752 CZK. This implies that the price is at +0.26% from its lowest and at -0.16% from its highest.

29.625
29.752
29.703

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GBP/CZK chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 29.520 29.624 29.667 29.703 29.797 30.004 30.213
Change (%) -0.62% -0.27% -0.12% - +0.32% +1.01% +1.72%
Change -0.183 -0.079 -0.036 - +0.094 +0.301 +0.510
Level Intermediate Minor Intermediate - Intermediate Minor Intermediate



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
Standard29.23029.32229.49729.58929.76429.85630.031
Camarilla29.60029.62429.64929.67329.69829.72229.746
Woodie29.27329.34329.54029.61029.80729.87730.074
Fibonacci29.32229.42429.48729.58929.69129.75429.856


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard28.91029.06629.23929.39529.56829.72429.897
Camarilla29.32129.35129.38129.41129.44129.47129.502
Woodie28.91829.07029.24729.39929.57629.72829.905
Fibonacci29.06629.19229.27029.39529.52129.59929.724


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard28.16928.49128.94229.26429.71530.03730.488
Camarilla29.18129.25229.32329.39429.46529.53629.607
Woodie28.23528.52329.00829.29629.78130.06930.554
Fibonacci28.49128.78628.96829.26429.55929.74130.037

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): 63.52
MACD (12,26,9): 0.0480
Directional Movement: 22.499
AROON (14): 78.571
DEMA (21): 29.721
Parabolic SAR (0,02-0,02-0,2): 29.671
Elder Ray (13): 0.018
Super Trend (3,10): 29.612
Zig ZAG (10): 29.697
VORTEX (21): 1.2140
Stochastique (14,3,5): 64.69
TEMA (21): 29.727
Williams %R (14): -38.58
Chande Momentum Oscillator (20): 0.033
Repulse (5,40,3): -0.0270
ROCnROLL: 1
TRIX (15,9): 0.0250
Courbe Coppock: 0.40
MA7: 29.477
MA20: 29.437
MA50: 29.231
MA100: 29.478
MAexp7: 29.696
MAexp20: 29.653
MAexp50: 29.573
MAexp100: 29.506
Price / MA7: +0.77%
Price / MA20: +0.90%
Price / MA50: +1.61%
Price / MA100: +0.76%
Price / MAexp7: +0.02%
Price / MAexp20: +0.17%
Price / MAexp50: +0.44%
Price / MAexp100: +0.67%

Quotes : 2021-02-17 11:15:04 - Real time data - Forex

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

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