GBP/CZK - 1H - Technical analysis published on 05/28/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 27.293 CZK
My targets
27.405 CZK (+0.033)
27.493 CZK (+0.121)
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 27.293 CZK, a purchase could be considered. The first bullish objective is located at 27.405 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 27.493 CZK as an objective. Crossing it would then enable buyers to target 28.144 CZK. In the event of a return below 27.293 CZK, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/CZK rating 27.372 CZK. The price registered an increase of +0.47% on the session and was traded between 27.302 CZK and 27.372 CZK over the period. The price is currently at +0.26% from its lowest and 0% from its highest.27.302
27.372
27.372
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/CZK:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/CZK in 1H shows an overall bullish trend. 78.57% 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 does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 27.236 | 27.293 | 27.360 | 27.372 | 27.405 | 27.432 | 27.493 |
| Change (%) | -0.50% | -0.29% | -0.04% | - | +0.12% | +0.22% | +0.44% |
| Change | -0.136 | -0.079 | -0.012 | - | +0.033 | +0.060 | +0.121 |
| Level | Intermediate | Intermediate | 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 | 26.967 | 27.040 | 27.142 | 27.215 | 27.317 | 27.390 | 27.492 |
| Camarilla | 27.195 | 27.211 | 27.227 | 27.243 | 27.259 | 27.275 | 27.291 |
| Woodie | 26.981 | 27.047 | 27.156 | 27.222 | 27.331 | 27.397 | 27.506 |
| Fibonacci | 27.040 | 27.107 | 27.149 | 27.215 | 27.282 | 27.324 | 27.390 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.812 | 26.963 | 27.103 | 27.254 | 27.394 | 27.545 | 27.685 |
| Camarilla | 27.163 | 27.190 | 27.216 | 27.243 | 27.270 | 27.296 | 27.323 |
| Woodie | 26.807 | 26.960 | 27.098 | 27.251 | 27.389 | 27.542 | 27.680 |
| Fibonacci | 26.963 | 27.074 | 27.143 | 27.254 | 27.365 | 27.434 | 27.545 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.885 | 26.082 | 26.455 | 26.652 | 27.025 | 27.222 | 27.595 |
| Camarilla | 26.671 | 26.724 | 26.776 | 26.828 | 26.880 | 26.933 | 26.985 |
| Woodie | 25.973 | 26.126 | 26.543 | 26.696 | 27.113 | 27.266 | 27.683 |
| Fibonacci | 26.082 | 26.300 | 26.434 | 26.652 | 26.870 | 27.004 | 27.222 |
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): | 57.00 | |
| MACD (12,26,9): | 0.0220 | |
| Directional Movement: | 7.018 | |
| AROON (14): | 7.143 | |
| DEMA (21): | 27.249 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.209 | |
| Elder Ray (13): | 0.015 | |
| Super Trend (3,10): | 27.167 | |
| Zig ZAG (10): | 27.243 | |
| VORTEX (21): | 1.1180 | |
| Stochastique (14,3,5): | 79.77 | |
| TEMA (21): | 27.274 | |
| Williams %R (14): | -30.87 | |
| Chande Momentum Oscillator (20): | 0.018 | |
| Repulse (5,40,3): | -0.0830 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0090 | |
| Courbe Coppock: | 0.74 |
| MA7: | 27.268 | |
| MA20: | 27.061 | |
| MA50: | 26.851 | |
| MA100: | 26.876 | |
| MAexp7: | 27.252 | |
| MAexp20: | 27.224 | |
| MAexp50: | 27.215 | |
| MAexp100: | 27.228 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | +1.15% | |
| Price / MA50: | +1.94% | |
| Price / MA100: | +1.85% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | +0.54% | |
| Price / MAexp50: | +0.58% | |
| Price / MAexp100: | +0.53% |
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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