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NOK/CZK
NOK CZK
- CZK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NOKCZK
ISIN:

NOK/CZK - 1H - Technical analysis published on 01/20/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 2.2316 CZK
My targets
2.2229 CZK (-0.0062)
2.1974 CZK (-0.0317)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NOK/CZK as long as the price remains well below 2.2316 CZK. The sellers' bearish objective is set at 2.2229 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.1974 CZK. In case of crossing, the next objective would be the support located at 2.1732 CZK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NOK/CZK rating is 2.2291 CZK. On the day, this instrument lost -0.01% and was traded between 2.2259 CZK and 2.2381 CZK over the period. The price is currently at +0.14% from its lowest and -0.40% from its highest.

2.2259
2.2381
2.2291

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NOK/CZK:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of NOK/CZK indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 8 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

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


S3S2S1PriceR1R2R3
ProTrendLines 2.1732 2.2229 2.2283 2.2291 2.2316 2.2365 2.2419
Change (%) -2.51% -0.28% -0.04% - +0.11% +0.33% +0.57%
Change -0.0559 -0.0062 -0.0008 - +0.0025 +0.0074 +0.0128
Level Major Intermediate Intermediate - Minor Major Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.20612.21452.22192.23032.23772.24612.2535
Camarilla2.22502.22642.22792.22932.23082.23222.2337
Woodie2.20562.21432.22142.23012.23722.24592.2530
Fibonacci2.21452.22052.22432.23032.23632.24012.2461


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.16862.19742.21702.24582.26542.29422.3138
Camarilla2.22342.22782.23232.23672.24112.24562.2500
Woodie2.16412.19512.21252.24352.26092.29192.3093
Fibonacci2.19742.21592.22732.24582.26432.27572.2942


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.14732.21082.25992.32342.37252.43602.4851
Camarilla2.27792.28832.29862.30892.31922.32952.3399
Woodie2.14002.20722.25262.31982.36522.43242.4778
Fibonacci2.21082.25392.28042.32342.36652.39302.4360

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): 43.56
MACD (12,26,9): -0.0001
Directional Movement: -15.1661
AROON (14): -28.5714
DEMA (21): 2.2320
Parabolic SAR (0,02-0,02-0,2): 2.2381
Elder Ray (13): -0.0026
Super Trend (3,10): 2.2411
Zig ZAG (10): 2.2304
VORTEX (21): 0.9642
Stochastique (14,3,5): 55.27
TEMA (21): 2.2333
Williams %R (14): -56.56
Chande Momentum Oscillator (20): 0.0002
Repulse (5,40,3): -0.1459
ROCnROLL: 2
TRIX (15,9): -0.0027
Courbe Coppock: 0.13
MA7: 2.2364
MA20: 2.2603
MA50: 2.3039
MA100: 2.3437
MAexp7: 2.2323
MAexp20: 2.2323
MAexp50: 2.2342
MAexp100: 2.2369
Price / MA7: -0.33%
Price / MA20: -1.38%
Price / MA50: -3.25%
Price / MA100: -4.89%
Price / MAexp7: -0.14%
Price / MAexp20: -0.14%
Price / MAexp50: -0.23%
Price / MAexp100: -0.35%

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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