GBP/CZK - 1H - Technical analysis published on 10/14/2021 (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 bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 29.895 CZK
My targets
29.986 CZK (+0.052)
30.051 CZK (+0.117)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/CZK as long as the price remains well above 29.895 CZK. The buyers' bullish objective is set at 29.986 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 30.051 CZK. If there is any crossing, the next objective would be the resistance located at 30.213 CZK.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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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 price is 29.934 CZK. The price has increased by +0.04% since the last closing with the lowest point at 29.905 CZK and the highest point at 29.962 CZK. The deviation from the price is +0.10% for the low point and -0.09% for the high point.29.905
29.962
29.934
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 GBP/CZK in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied 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
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 29.727 | 29.797 | 29.895 | 29.934 | 29.986 | 30.051 | 30.213 |
| Change (%) | -0.69% | -0.46% | -0.13% | - | +0.17% | +0.39% | +0.93% |
| Change | -0.207 | -0.137 | -0.039 | - | +0.052 | +0.117 | +0.279 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.742 | 29.799 | 29.861 | 29.918 | 29.980 | 30.037 | 30.099 |
| Camarilla | 29.890 | 29.901 | 29.912 | 29.923 | 29.934 | 29.945 | 29.956 |
| Woodie | 29.745 | 29.800 | 29.864 | 29.919 | 29.983 | 30.038 | 30.102 |
| Fibonacci | 29.799 | 29.845 | 29.873 | 29.918 | 29.964 | 29.992 | 30.037 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.083 | 29.300 | 29.617 | 29.834 | 30.151 | 30.368 | 30.685 |
| Camarilla | 29.787 | 29.836 | 29.885 | 29.934 | 29.983 | 30.032 | 30.081 |
| Woodie | 29.133 | 29.325 | 29.667 | 29.859 | 30.201 | 30.393 | 30.735 |
| Fibonacci | 29.300 | 29.504 | 29.630 | 29.834 | 30.038 | 30.164 | 30.368 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.805 | 29.097 | 29.292 | 29.584 | 29.779 | 30.071 | 30.266 |
| Camarilla | 29.354 | 29.399 | 29.443 | 29.488 | 29.533 | 29.577 | 29.622 |
| Woodie | 28.758 | 29.073 | 29.245 | 29.560 | 29.732 | 30.047 | 30.219 |
| Fibonacci | 29.097 | 29.283 | 29.398 | 29.584 | 29.770 | 29.885 | 30.071 |
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): | 53.23 | |
| MACD (12,26,9): | 0.0040 | |
| Directional Movement: | 6.336 | |
| AROON (14): | 85.714 | |
| DEMA (21): | 29.924 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.871 | |
| Elder Ray (13): | 0.013 | |
| Super Trend (3,10): | 29.978 | |
| Zig ZAG (10): | 29.934 | |
| VORTEX (21): | 0.9880 | |
| Stochastique (14,3,5): | 80.82 | |
| TEMA (21): | 29.930 | |
| Williams %R (14): | -31.33 | |
| Chande Momentum Oscillator (20): | 0.039 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.16 |
| MA7: | 29.918 | |
| MA20: | 29.736 | |
| MA50: | 29.752 | |
| MA100: | 29.771 | |
| MAexp7: | 29.930 | |
| MAexp20: | 29.922 | |
| MAexp50: | 29.920 | |
| MAexp100: | 29.908 | |
| Price / MA7: | +0.05% | |
| Price / MA20: | +0.67% | |
| Price / MA50: | +0.61% | |
| Price / MA100: | +0.55% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.09% |
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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