GBP/CZK - Daily - Technical analysis published on 11/02/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 29.887 CZK
My targets
30.526 CZK (+0.411)
30.690 CZK (+0.575)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 29.887 CZK remains possible. It is advisable to trade GBP/CZK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 29.887 CZK. The next bullish objective for buyers is set at 30.526 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 30.690 CZK. If there is any crossing, the next objective would be the resistance located at 30.803 CZK. PS: if there is a bearish break in the support located at 29.887 CZK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
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
GBP/CZK rating 30.115 CZK. The price registered an increase of +0.01% on the session and was traded between 30.069 CZK and 30.119 CZK over the period. The price is currently at +0.15% from its lowest and -0.01% from its highest.30.069
30.119
30.115
Here is a more detailed summary of the historical variations registered by GBP/CZK:
Technical
A technical analysis in Daily of this GBP/CZK chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 29.490 | 29.648 | 29.887 | 30.115 | 30.213 | 30.526 | 30.690 |
| Change (%) | -2.08% | -1.55% | -0.76% | - | +0.33% | +1.36% | +1.91% |
| Change | -0.625 | -0.467 | -0.228 | - | +0.098 | +0.411 | +0.575 |
| Level | Intermediate | Minor | Intermediate | - | Major | Major | Minor |
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 | 29.654 | 29.874 | 29.993 | 30.213 | 30.332 | 30.552 | 30.671 |
| Camarilla | 30.018 | 30.049 | 30.080 | 30.111 | 30.142 | 30.173 | 30.204 |
| Woodie | 29.603 | 29.849 | 29.942 | 30.188 | 30.281 | 30.527 | 30.620 |
| Fibonacci | 29.874 | 30.004 | 30.084 | 30.213 | 30.343 | 30.423 | 30.552 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.952 | 30.125 | 30.250 | 30.423 | 30.548 | 30.721 | 30.846 |
| Camarilla | 30.293 | 30.320 | 30.348 | 30.375 | 30.402 | 30.430 | 30.457 |
| Woodie | 29.928 | 30.113 | 30.226 | 30.411 | 30.524 | 30.709 | 30.822 |
| Fibonacci | 30.125 | 30.239 | 30.309 | 30.423 | 30.537 | 30.607 | 30.721 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.365 | 28.856 | 29.615 | 30.106 | 30.865 | 31.356 | 32.115 |
| Camarilla | 30.031 | 30.146 | 30.260 | 30.375 | 30.490 | 30.604 | 30.719 |
| Woodie | 28.500 | 28.923 | 29.750 | 30.173 | 31.000 | 31.423 | 32.250 |
| Fibonacci | 28.856 | 29.333 | 29.628 | 30.106 | 30.583 | 30.878 | 31.356 |
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): | 50.48 | |
| MACD (12,26,9): | 0.1330 | |
| Directional Movement: | 1.753 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 30.348 | |
| Parabolic SAR (0,02-0,02-0,2): | 30.571 | |
| Elder Ray (13): | -0.143 | |
| Super Trend (3,10): | 29.974 | |
| Zig ZAG (10): | 30.093 | |
| VORTEX (21): | 1.1480 | |
| Stochastique (14,3,5): | 44.51 | |
| TEMA (21): | 30.401 | |
| Williams %R (14): | -72.56 | |
| Chande Momentum Oscillator (20): | 0.030 | |
| Repulse (5,40,3): | -0.9120 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0790 | |
| Courbe Coppock: | 2.62 |
| MA7: | 30.355 | |
| MA20: | 30.172 | |
| MA50: | 29.863 | |
| MA100: | 29.868 | |
| MAexp7: | 30.260 | |
| MAexp20: | 30.168 | |
| MAexp50: | 29.985 | |
| MAexp100: | 29.895 | |
| Price / MA7: | -0.79% | |
| Price / MA20: | -0.19% | |
| Price / MA50: | +0.84% | |
| Price / MA100: | +0.83% | |
| Price / MAexp7: | -0.48% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | +0.43% | |
| Price / MAexp100: | +0.74% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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