GBP/CZK - 1H - Technical analysis published on 02/17/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
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
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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
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.
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 (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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 29.230 | 29.322 | 29.497 | 29.589 | 29.764 | 29.856 | 30.031 |
Camarilla | 29.600 | 29.624 | 29.649 | 29.673 | 29.698 | 29.722 | 29.746 |
Woodie | 29.273 | 29.343 | 29.540 | 29.610 | 29.807 | 29.877 | 30.074 |
Fibonacci | 29.322 | 29.424 | 29.487 | 29.589 | 29.691 | 29.754 | 29.856 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 28.910 | 29.066 | 29.239 | 29.395 | 29.568 | 29.724 | 29.897 |
Camarilla | 29.321 | 29.351 | 29.381 | 29.411 | 29.441 | 29.471 | 29.502 |
Woodie | 28.918 | 29.070 | 29.247 | 29.399 | 29.576 | 29.728 | 29.905 |
Fibonacci | 29.066 | 29.192 | 29.270 | 29.395 | 29.521 | 29.599 | 29.724 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 28.169 | 28.491 | 28.942 | 29.264 | 29.715 | 30.037 | 30.488 |
Camarilla | 29.181 | 29.252 | 29.323 | 29.394 | 29.465 | 29.536 | 29.607 |
Woodie | 28.235 | 28.523 | 29.008 | 29.296 | 29.781 | 30.069 | 30.554 |
Fibonacci | 28.491 | 28.786 | 28.968 | 29.264 | 29.559 | 29.741 | 30.037 |
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
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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.
About author
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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