GBP/CZK - 1H - Technical analysis published on 08/18/2021 (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
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 29.881 CZK
My targets
29.969 CZK (+0.035)
30.026 CZK (+0.092)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on GBP/CZK. This is a positive signal for buyers. As long as the price remains above 29.881 CZK, a purchase could be considered. The first bullish objective is located at 29.969 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 30.026 CZK as an objective. Crossing it would then enable buyers to target 30.213 CZK. In the event of a return below 29.881 CZK, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
5.7
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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 29.934 CZK. The price registered an increase of +0.20% on the session and was traded between 29.810 CZK and 29.948 CZK over the period. The price is currently at +0.42% from its lowest and -0.05% from its highest.29.810
29.948
29.934
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this GBP/CZK chart shows a bullish trend. 64.29% 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 scanner detects bearish signals on moving averages that could impact this trend:
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, 14 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 29.855 | 29.881 | 29.915 | 29.934 | 29.969 | 30.026 | 30.213 |
| Change (%) | -0.26% | -0.18% | -0.06% | - | +0.12% | +0.31% | +0.93% |
| Change | -0.079 | -0.053 | -0.019 | - | +0.035 | +0.092 | +0.279 |
| Level | Minor | Intermediate | Minor | - | Minor | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.749 | 29.778 | 29.826 | 29.855 | 29.903 | 29.932 | 29.980 |
| Camarilla | 29.852 | 29.859 | 29.866 | 29.873 | 29.880 | 29.887 | 29.894 |
| Woodie | 29.758 | 29.783 | 29.835 | 29.860 | 29.912 | 29.937 | 29.989 |
| Fibonacci | 29.778 | 29.808 | 29.826 | 29.855 | 29.885 | 29.903 | 29.932 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.487 | 29.635 | 29.751 | 29.899 | 30.015 | 30.163 | 30.279 |
| Camarilla | 29.794 | 29.819 | 29.843 | 29.867 | 29.891 | 29.915 | 29.940 |
| Woodie | 29.471 | 29.627 | 29.735 | 29.891 | 29.999 | 30.155 | 30.263 |
| Fibonacci | 29.635 | 29.736 | 29.798 | 29.899 | 30.000 | 30.062 | 30.163 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.863 | 29.213 | 29.545 | 29.895 | 30.227 | 30.577 | 30.909 |
| Camarilla | 29.690 | 29.752 | 29.815 | 29.877 | 29.940 | 30.002 | 30.065 |
| Woodie | 28.854 | 29.209 | 29.536 | 29.891 | 30.218 | 30.573 | 30.900 |
| Fibonacci | 29.213 | 29.474 | 29.635 | 29.895 | 30.156 | 30.317 | 30.577 |
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): | 60.72 | |
| MACD (12,26,9): | 0.0120 | |
| Directional Movement: | 7.039 | |
| AROON (14): | 7.143 | |
| DEMA (21): | 29.894 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.820 | |
| Elder Ray (13): | 0.029 | |
| Super Trend (3,10): | 29.802 | |
| Zig ZAG (10): | 29.942 | |
| VORTEX (21): | 1.0890 | |
| Stochastique (14,3,5): | 74.45 | |
| TEMA (21): | 29.906 | |
| Williams %R (14): | -8.70 | |
| Chande Momentum Oscillator (20): | 0.055 | |
| Repulse (5,40,3): | -0.0020 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0020 | |
| Courbe Coppock: | 0.15 |
| MA7: | 29.903 | |
| MA20: | 29.935 | |
| MA50: | 29.856 | |
| MA100: | 29.812 | |
| MAexp7: | 29.885 | |
| MAexp20: | 29.880 | |
| MAexp50: | 29.874 | |
| MAexp100: | 29.883 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | +0.00% | |
| Price / MA50: | +0.26% | |
| Price / MA100: | +0.41% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.17% |
Quotes :
-
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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