GBP/CZK - 1H - Technical analysis published on 05/20/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 29.522 CZK
My targets
29.619 CZK (+0.048)
29.670 CZK (+0.099)
My analysis
GBP/CZK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 29.522 CZK. The next resistance located at 29.619 CZK is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 29.670 CZK. After this resistance, buyers could then target 29.757 CZK.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3
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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 29.571 CZK. On the day, this instrument gained +0.13% and was traded between 29.497 CZK and 29.586 CZK over the period. The price is currently at +0.25% from its lowest and -0.05% from its highest.29.497
29.586
29.571
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of GBP/CZK in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently 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
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
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:
Horizontal support 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 | 29.460 | 29.522 | 29.571 | 29.619 | 29.670 | 29.757 |
| Change (%) | -0.86% | -0.38% | -0.17% | - | +0.16% | +0.33% | +0.63% |
| Change | -0.254 | -0.111 | -0.049 | - | +0.048 | +0.099 | +0.186 |
| Level | Intermediate | Intermediate | Major | - | Major | Intermediate | Minor |
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 | 29.298 | 29.365 | 29.449 | 29.516 | 29.600 | 29.667 | 29.751 |
| Camarilla | 29.492 | 29.505 | 29.519 | 29.533 | 29.547 | 29.561 | 29.575 |
| Woodie | 29.307 | 29.369 | 29.458 | 29.520 | 29.609 | 29.671 | 29.760 |
| Fibonacci | 29.365 | 29.423 | 29.458 | 29.516 | 29.574 | 29.609 | 29.667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.042 | 29.275 | 29.415 | 29.648 | 29.788 | 30.021 | 30.161 |
| Camarilla | 29.452 | 29.487 | 29.521 | 29.555 | 29.589 | 29.623 | 29.658 |
| Woodie | 28.996 | 29.252 | 29.369 | 29.625 | 29.742 | 29.998 | 30.115 |
| Fibonacci | 29.275 | 29.418 | 29.506 | 29.648 | 29.791 | 29.879 | 30.021 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.138 | 28.876 | 29.299 | 30.037 | 30.460 | 31.198 | 31.621 |
| Camarilla | 29.404 | 29.510 | 29.617 | 29.723 | 29.829 | 29.936 | 30.042 |
| Woodie | 27.982 | 28.797 | 29.143 | 29.958 | 30.304 | 31.119 | 31.465 |
| Fibonacci | 28.876 | 29.319 | 29.593 | 30.037 | 30.480 | 30.754 | 31.198 |
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): | 59.39 | |
| MACD (12,26,9): | 0.0080 | |
| Directional Movement: | 13.827 | |
| AROON (14): | 35.714 | |
| DEMA (21): | 29.544 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.502 | |
| Elder Ray (13): | 0.030 | |
| Super Trend (3,10): | 29.451 | |
| Zig ZAG (10): | 29.566 | |
| VORTEX (21): | 1.0430 | |
| Stochastique (14,3,5): | 61.71 | |
| TEMA (21): | 29.550 | |
| Williams %R (14): | -17.98 | |
| Chande Momentum Oscillator (20): | 0.054 | |
| Repulse (5,40,3): | 0.1030 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0020 | |
| Courbe Coppock: | 0.11 |
| MA7: | 29.600 | |
| MA20: | 29.686 | |
| MA50: | 30.039 | |
| MA100: | 29.849 | |
| MAexp7: | 29.551 | |
| MAexp20: | 29.537 | |
| MAexp50: | 29.535 | |
| MAexp100: | 29.559 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | -0.39% | |
| Price / MA50: | -1.56% | |
| Price / MA100: | -0.93% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.04% |
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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