NOK/CZK

- CZK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NOKCZK
ISIN:

NOK/CZK - Daily - Technical analysis published on 01/30/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 2.2599 CZK

My targets

2.1732 CZK (-0.0398)

My analysis

NOK/CZK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.2599 CZK. The next support located at 2.1732 CZK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

Comment on the analysis

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.

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Additional analysis

Quotes

NOK/CZK rating 2.2130 CZK. On the day, this instrument lost -0.01% with the lowest point at 2.2100 CZK and the highest point at 2.2232 CZK. The deviation from the price is +0.14% for the low point and -0.46% for the high point.

2.2100

2.2232

2.2130

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

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:

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of NOK/CZK indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : Daily

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	2.1732	2.2130	2.3040	2.3803	2.4157
Change (%)	-1.80%	-	+4.11%	+7.56%	+9.16%
Change	-0.0398	-	+0.0910	+0.1673	+0.2027
Level	Major	-	Intermediate	Intermediate	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	2.1967	2.2031	2.2082	2.2146	2.2197	2.2261	2.2312
Camarilla	2.2100	2.2111	2.2122	2.2132	2.2143	2.2153	2.2164
Woodie	2.1960	2.2028	2.2075	2.2143	2.2190	2.2258	2.2305
Fibonacci	2.2031	2.2075	2.2102	2.2146	2.2190	2.2217	2.2261

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.1383	2.1655	2.1894	2.2166	2.2405	2.2677	2.2916
Camarilla	2.1992	2.2038	2.2085	2.2132	2.2179	2.2226	2.2273
Woodie	2.1366	2.1647	2.1877	2.2158	2.2388	2.2669	2.2899
Fibonacci	2.1655	2.1851	2.1971	2.2166	2.2362	2.2482	2.2677

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.1473	2.2108	2.2599	2.3234	2.3725	2.4360	2.4851
Camarilla	2.2779	2.2883	2.2986	2.3089	2.3192	2.3295	2.3399
Woodie	2.1400	2.2072	2.2526	2.3198	2.3652	2.4324	2.4778
Fibonacci	2.2108	2.2539	2.2804	2.3234	2.3665	2.3930	2.4360

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):	35.36
MACD (12,26,9):	-0.0220
Directional Movement:	-12.9135
AROON (14):	-78.5714
DEMA (21):	2.2092
Parabolic SAR (0,02-0,02-0,2):	2.2460
Elder Ray (13):	-0.0112
Super Trend (3,10):	2.2774
Zig ZAG (10):	2.2139
VORTEX (21):	0.8424
Stochastique (14,3,5):	30.58
TEMA (21):	2.2064
Williams %R (14):	-67.99
Chande Momentum Oscillator (20):	-0.0252
Repulse (5,40,3):	-0.4148
ROCnROLL:	2
TRIX (15,9):	-0.1444
Courbe Coppock:	2.65

MA7:	2.2192
MA20:	2.2336
MA50:	2.2900
MA100:	2.3289
MAexp7:	2.2188
MAexp20:	2.2390
MAexp50:	2.2787
MAexp100:	2.3229
Price / MA7:	-0.28%
Price / MA20:	-0.92%
Price / MA50:	-3.36%
Price / MA100:	-4.98%
Price / MAexp7:	-0.26%
Price / MAexp20:	-1.16%
Price / MAexp50:	-2.88%
Price / MAexp100:	-4.73%

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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