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 05/01/2025 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 2.1028 CZK

My targets

2.1239 CZK (+0.0075)

2.1467 CZK (+0.0303)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NOK/CZK as long as the price remains well above 2.1028 CZK. The buyers' bullish objective is set at 2.1239 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.1467 CZK. If there is any crossing, the next objective would be the resistance located at 2.1528 CZK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.3

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.

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

Additional analysis

Quotes

The NOK/CZK price is 2.1164 CZK. The price registered a decrease of -0.01% on the session and was traded between 2.1083 CZK and 2.1231 CZK over the period. The price is currently at +0.38% from its lowest and -0.32% from its highest.

2.1083

2.1231

2.1164

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 HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of NOK/CZK in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.0867	2.0938	2.0988	2.1164	2.1179	2.1239	2.1528
Change (%)	-1.40%	-1.07%	-0.83%	-	+0.07%	+0.35%	+1.72%
Change	-0.0297	-0.0226	-0.0176	-	+0.0015	+0.0075	+0.0364
Level	Minor	Intermediate	Major	-	Major	Intermediate	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	2.0859	2.0949	2.1058	2.1148	2.1257	2.1347	2.1456
Camarilla	2.1111	2.1130	2.1148	2.1166	2.1184	2.1203	2.1221
Woodie	2.0868	2.0954	2.1067	2.1153	2.1266	2.1352	2.1465
Fibonacci	2.0949	2.1025	2.1072	2.1148	2.1224	2.1271	2.1347

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0378	2.0589	2.0817	2.1028	2.1256	2.1467	2.1695
Camarilla	2.0924	2.0965	2.1005	2.1045	2.1085	2.1126	2.1166
Woodie	2.0387	2.0593	2.0826	2.1032	2.1265	2.1471	2.1704
Fibonacci	2.0589	2.0757	2.0860	2.1028	2.1196	2.1299	2.1467

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.8767	1.9646	2.0406	2.1285	2.2045	2.2924	2.3684
Camarilla	2.0715	2.0866	2.1016	2.1166	2.1316	2.1467	2.1617
Woodie	1.8708	1.9616	2.0347	2.1255	2.1986	2.2894	2.3625
Fibonacci	1.9646	2.0272	2.0659	2.1285	2.1911	2.2298	2.2924

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):	54.28
MACD (12,26,9):	0.0004
Directional Movement:	8.5198
AROON (14):	-7.1428
DEMA (21):	2.1152
Parabolic SAR (0,02-0,02-0,2):	2.1206
Elder Ray (13):	0.0021
Super Trend (3,10):	2.1089
Zig ZAG (10):	2.1164
VORTEX (21):	0.9816
Stochastique (14,3,5):	59.68
TEMA (21):	2.1152
Williams %R (14):	-47.30
Chande Momentum Oscillator (20):	0.0052
Repulse (5,40,3):	0.0246
ROCnROLL:	1
TRIX (15,9):	-0.0007
Courbe Coppock:	0.04

MA7:	2.1092
MA20:	2.1022
MA50:	2.1397
MA100:	2.1415
MAexp7:	2.1157
MAexp20:	2.1148
MAexp50:	2.1140
MAexp100:	2.1121
Price / MA7:	+0.34%
Price / MA20:	+0.68%
Price / MA50:	-1.09%
Price / MA100:	-1.17%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.08%
Price / MAexp50:	+0.11%
Price / MAexp100:	+0.20%

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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