GBP/CZK - 1H - Technical analysis published on 12/17/2021 (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 bearish
Underlying:
Bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 29.750 CZK
My targets
29.642 CZK (-0.053)
29.489 CZK (-0.206)
My analysis
All elements being clearly 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 29.750 CZK. The sellers' bearish objective is set at 29.642 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 29.489 CZK. In case of crossing, the next objective would be the support located at 29.344 CZK.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.8
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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 29.695 CZK. The price is lower by -0.30% since the last closing and was traded between 29.601 CZK and 29.821 CZK over the period. The price is currently at +0.32% from its lowest and -0.42% from its highest.29.601
29.821
29.695
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 bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 29.344 | 29.489 | 29.642 | 29.695 | 29.704 | 29.750 | 29.785 |
| Change (%) | -1.18% | -0.69% | -0.18% | - | +0.03% | +0.19% | +0.30% |
| Change | -0.351 | -0.206 | -0.053 | - | +0.009 | +0.055 | +0.090 |
| Level | Major | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
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 | 29.392 | 29.507 | 29.645 | 29.760 | 29.898 | 30.013 | 30.151 |
| Camarilla | 29.713 | 29.737 | 29.760 | 29.783 | 29.806 | 29.829 | 29.853 |
| Woodie | 29.404 | 29.513 | 29.657 | 29.766 | 29.910 | 30.019 | 30.163 |
| Fibonacci | 29.507 | 29.604 | 29.663 | 29.760 | 29.857 | 29.916 | 30.013 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.152 | 29.376 | 29.558 | 29.782 | 29.964 | 30.188 | 30.370 |
| Camarilla | 29.628 | 29.666 | 29.703 | 29.740 | 29.777 | 29.814 | 29.852 |
| Woodie | 29.131 | 29.366 | 29.537 | 29.772 | 29.943 | 30.178 | 30.349 |
| Fibonacci | 29.376 | 29.531 | 29.627 | 29.782 | 29.937 | 30.033 | 30.188 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.284 | 28.831 | 29.394 | 29.941 | 30.504 | 31.051 | 31.614 |
| Camarilla | 29.652 | 29.754 | 29.855 | 29.957 | 30.059 | 30.161 | 30.262 |
| Woodie | 28.292 | 28.835 | 29.402 | 29.945 | 30.512 | 31.055 | 31.622 |
| Fibonacci | 28.831 | 29.255 | 29.517 | 29.941 | 30.365 | 30.627 | 31.051 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.04 | |
| MACD (12,26,9): | -0.0270 | |
| Directional Movement: | -7.253 | |
| AROON (14): | -57.143 | |
| DEMA (21): | 29.686 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.730 | |
| Elder Ray (13): | -0.017 | |
| Super Trend (3,10): | 29.800 | |
| Zig ZAG (10): | 29.677 | |
| VORTEX (21): | 0.8890 | |
| Stochastique (14,3,5): | 26.57 | |
| TEMA (21): | 29.656 | |
| Williams %R (14): | -58.18 | |
| Chande Momentum Oscillator (20): | -0.088 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0060 | |
| Courbe Coppock: | 0.83 |
| MA7: | 29.733 | |
| MA20: | 29.947 | |
| MA50: | 29.987 | |
| MA100: | 29.867 | |
| MAexp7: | 29.678 | |
| MAexp20: | 29.711 | |
| MAexp50: | 29.724 | |
| MAexp100: | 29.728 | |
| Price / MA7: | -0.13% | |
| Price / MA20: | -0.84% | |
| Price / MA50: | -0.97% | |
| Price / MA100: | -0.58% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.11% |
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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