GBP/CZK - 1H - Technical analysis published on 09/08/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 29.564 CZK
My targets
29.455 CZK (-0.038)
29.340 CZK (-0.153)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on GBP/CZK as long as the price remains well below 29.564 CZK. The next bearish objective for sellers is set at 29.455 CZK. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 29.340 CZK. If there is any crossing, the next objective would be the support located at 29.135 CZK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.2
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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 29.493 CZK. The price registered a decrease of -0.18% on the session with the lowest point at 29.478 CZK and the highest point at 29.558 CZK. The deviation from the price is +0.05% for the low point and -0.22% for the high point.29.478
29.558
29.493
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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:
Technical
Technical analysis of this 1H chart of GBP/CZK indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 29.340 | 29.455 | 29.489 | 29.493 | 29.520 | 29.564 | 29.649 |
| Change (%) | -0.52% | -0.13% | -0.01% | - | +0.09% | +0.24% | +0.53% |
| Change | -0.153 | -0.038 | -0.004 | - | +0.027 | +0.071 | +0.156 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.334 | 29.412 | 29.479 | 29.557 | 29.624 | 29.702 | 29.769 |
| Camarilla | 29.507 | 29.520 | 29.534 | 29.547 | 29.560 | 29.574 | 29.587 |
| Woodie | 29.330 | 29.409 | 29.475 | 29.554 | 29.620 | 29.699 | 29.765 |
| Fibonacci | 29.412 | 29.467 | 29.501 | 29.557 | 29.612 | 29.646 | 29.702 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.018 | 29.237 | 29.419 | 29.638 | 29.820 | 30.039 | 30.221 |
| Camarilla | 29.492 | 29.529 | 29.565 | 29.602 | 29.639 | 29.676 | 29.712 |
| Woodie | 29.001 | 29.228 | 29.402 | 29.629 | 29.803 | 30.030 | 30.204 |
| Fibonacci | 29.237 | 29.390 | 29.485 | 29.638 | 29.791 | 29.886 | 30.039 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.955 | 29.264 | 29.428 | 29.737 | 29.901 | 30.210 | 30.374 |
| Camarilla | 29.461 | 29.504 | 29.548 | 29.591 | 29.634 | 29.678 | 29.721 |
| Woodie | 28.882 | 29.228 | 29.355 | 29.701 | 29.828 | 30.174 | 30.301 |
| Fibonacci | 29.264 | 29.445 | 29.557 | 29.737 | 29.918 | 30.030 | 30.210 |
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): | 41.51 | |
| MACD (12,26,9): | -0.0090 | |
| Directional Movement: | -9.803 | |
| AROON (14): | -64.286 | |
| DEMA (21): | 29.537 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.503 | |
| Elder Ray (13): | -0.009 | |
| Super Trend (3,10): | 29.602 | |
| Zig ZAG (10): | 29.522 | |
| VORTEX (21): | 1.0060 | |
| Stochastique (14,3,5): | 24.34 | |
| TEMA (21): | 29.536 | |
| Williams %R (14): | -93.33 | |
| Chande Momentum Oscillator (20): | -0.026 | |
| Repulse (5,40,3): | -0.1130 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0050 | |
| Courbe Coppock: | 0.01 |
| MA7: | 29.564 | |
| MA20: | 29.740 | |
| MA50: | 29.858 | |
| MA100: | 29.751 | |
| MAexp7: | 29.533 | |
| MAexp20: | 29.552 | |
| MAexp50: | 29.567 | |
| MAexp100: | 29.587 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | -0.83% | |
| Price / MA50: | -1.22% | |
| Price / MA100: | -0.87% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -0.32% |
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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