NZD/CZK - 1H - Technical analysis published on 07/17/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
83%
0%
17%
My opinion
Bullish above 15.304 CZK
My targets
15.379 CZK (+0.028)
15.426 CZK (+0.075)
My analysis
The current short-term bullish acceleration on NZD/CZK should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 15.304 CZK. Short-term buyers will use the resistance located at 15.379 CZK as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 15.426 CZK. Crossing this resistance would then open the door for buyers to target 15.473 CZK. Caution, if there is a return to under 15.304 CZK, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
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
4.1
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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
The NZD/CZK rating is 15.351 CZK. The price has increased by +0.16% since the last closing and was traded between 15.316 CZK and 15.355 CZK over the period. The price is currently at +0.23% from its lowest and -0.03% from its highest.15.316
15.355
15.351
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NZD/CZK in 1H shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support 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 | 14.903 | 15.256 | 15.304 | 15.351 | 15.379 | 15.426 | 15.473 |
| Change (%) | -2.92% | -0.62% | -0.31% | - | +0.18% | +0.49% | +0.79% |
| Change | -0.448 | -0.095 | -0.047 | - | +0.028 | +0.075 | +0.122 |
| Level | Major | Intermediate | Major | - | Minor | Minor | Major |
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 | 15.223 | 15.257 | 15.292 | 15.326 | 15.361 | 15.395 | 15.430 |
| Camarilla | 15.308 | 15.314 | 15.321 | 15.327 | 15.333 | 15.340 | 15.346 |
| Woodie | 15.224 | 15.257 | 15.293 | 15.326 | 15.362 | 15.395 | 15.431 |
| Fibonacci | 15.257 | 15.283 | 15.300 | 15.326 | 15.352 | 15.369 | 15.395 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.271 | 15.336 | 15.424 | 15.489 | 15.577 | 15.642 | 15.730 |
| Camarilla | 15.470 | 15.484 | 15.498 | 15.512 | 15.526 | 15.540 | 15.554 |
| Woodie | 15.283 | 15.342 | 15.436 | 15.495 | 15.589 | 15.648 | 15.742 |
| Fibonacci | 15.336 | 15.394 | 15.431 | 15.489 | 15.547 | 15.584 | 15.642 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.544 | 14.762 | 15.037 | 15.255 | 15.530 | 15.748 | 16.023 |
| Camarilla | 15.176 | 15.222 | 15.267 | 15.312 | 15.357 | 15.402 | 15.448 |
| Woodie | 14.573 | 14.776 | 15.066 | 15.269 | 15.559 | 15.762 | 16.052 |
| Fibonacci | 14.762 | 14.950 | 15.067 | 15.255 | 15.443 | 15.560 | 15.748 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.01 | |
| MACD (12,26,9): | 0.0030 | |
| Directional Movement: | 3.888 | |
| AROON (14): | 85.714 | |
| DEMA (21): | 15.335 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.318 | |
| Elder Ray (13): | 0.010 | |
| Super Trend (3,10): | 15.295 | |
| Zig ZAG (10): | 15.345 | |
| VORTEX (21): | 1.0150 | |
| Stochastique (14,3,5): | 80.86 | |
| TEMA (21): | 15.338 | |
| Williams %R (14): | -15.00 | |
| Chande Momentum Oscillator (20): | 0.028 | |
| Repulse (5,40,3): | 0.0440 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.27 |
| MA7: | 15.385 | |
| MA20: | 15.374 | |
| MA50: | 15.301 | |
| MA100: | 15.075 | |
| MAexp7: | 15.338 | |
| MAexp20: | 15.333 | |
| MAexp50: | 15.335 | |
| MAexp100: | 15.357 | |
| Price / MA7: | -0.22% | |
| Price / MA20: | -0.15% | |
| Price / MA50: | +0.33% | |
| Price / MA100: | +1.83% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | -0.04% |
Quotes :
2020-07-17 07:06:34
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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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