GBP/CZK - 1H - Technical analysis published on 04/30/2021 (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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 29.758 CZK
My targets
29.690 CZK (-0.030)
29.613 CZK (-0.107)
My analysis
The bearish trend is currently very strong for GBP/CZK. As long as the price remains below the resistance at 29.758 CZK, you could try to take advantage of the bearish rally. The first bearish objective is located at 29.690 CZK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 29.613 CZK as an objective. Crossing it would then enable sellers to target 29.317 CZK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.4
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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 rating is 29.720 CZK. The price is lower by -0.09% since the last closing with the lowest point at 29.695 CZK and the highest point at 29.822 CZK. The deviation from the price is +0.08% for the low point and -0.34% for the high point.29.695
29.822
29.720
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 sharp bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 8 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
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 under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of triangle is broken
Type : Bearish
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 | 29.317 | 29.613 | 29.690 | 29.720 | 29.758 | 29.854 | 29.993 |
| Change (%) | -1.36% | -0.36% | -0.10% | - | +0.13% | +0.45% | +0.92% |
| Change | -0.403 | -0.107 | -0.030 | - | +0.038 | +0.134 | +0.273 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.522 | 29.606 | 29.677 | 29.761 | 29.832 | 29.916 | 29.987 |
| Camarilla | 29.705 | 29.720 | 29.734 | 29.748 | 29.762 | 29.776 | 29.791 |
| Woodie | 29.516 | 29.603 | 29.671 | 29.758 | 29.826 | 29.913 | 29.981 |
| Fibonacci | 29.606 | 29.665 | 29.702 | 29.761 | 29.820 | 29.857 | 29.916 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.855 | 29.234 | 29.426 | 29.805 | 29.997 | 30.376 | 30.568 |
| Camarilla | 29.461 | 29.513 | 29.566 | 29.618 | 29.670 | 29.723 | 29.775 |
| Woodie | 28.762 | 29.187 | 29.333 | 29.758 | 29.904 | 30.329 | 30.475 |
| Fibonacci | 29.234 | 29.452 | 29.587 | 29.805 | 30.023 | 30.158 | 30.376 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.380 | 29.702 | 30.196 | 30.518 | 31.012 | 31.334 | 31.828 |
| Camarilla | 30.466 | 30.540 | 30.615 | 30.690 | 30.765 | 30.840 | 30.914 |
| Woodie | 29.466 | 29.745 | 30.282 | 30.561 | 31.098 | 31.377 | 31.914 |
| Fibonacci | 29.702 | 30.014 | 30.206 | 30.518 | 30.830 | 31.022 | 31.334 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.65 | |
| MACD (12,26,9): | -0.0040 | |
| Directional Movement: | -2.891 | |
| AROON (14): | 21.428 | |
| DEMA (21): | 29.753 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.704 | |
| Elder Ray (13): | 0.008 | |
| Super Trend (3,10): | 29.843 | |
| Zig ZAG (10): | 29.733 | |
| VORTEX (21): | 0.9680 | |
| Stochastique (14,3,5): | 58.89 | |
| TEMA (21): | 29.749 | |
| Williams %R (14): | -79.17 | |
| Chande Momentum Oscillator (20): | -0.054 | |
| Repulse (5,40,3): | -0.2140 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0030 | |
| Courbe Coppock: | 0.01 |
| MA7: | 29.744 | |
| MA20: | 29.921 | |
| MA50: | 30.235 | |
| MA100: | 29.750 | |
| MAexp7: | 29.745 | |
| MAexp20: | 29.759 | |
| MAexp50: | 29.769 | |
| MAexp100: | 29.780 | |
| Price / MA7: | -0.08% | |
| Price / MA20: | -0.67% | |
| Price / MA50: | -1.70% | |
| Price / MA100: | -0.10% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.20% |
Quotes :
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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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