NZD/CZK - 1H - Technical analysis published on 09/30/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
33%
50%
17%
My opinion
Bearish under 15.315 CZK
My targets
15.246 CZK (-0.024)
15.179 CZK (-0.091)
My analysis
The current short-term bearish acceleration registered on NZD/CZK should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 15.315 CZK. Short-term sellers will use the support located at 15.246 CZK as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 15.179 CZK. Crossing this support would then open the door for sellers to target 15.097 CZK. Caution, if there is a return to below 15.315 CZK, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2
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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
NZD/CZK rating 15.270 CZK. The price registered a decrease of -0.09% on the session and was traded between 15.258 CZK and 15.301 CZK over the period. The price is currently at +0.08% from its lowest and -0.20% from its highest.15.258
15.301
15.270
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/CZK indicates that the overall trend is not clearly defined. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 3 are neutral and 9 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.097 | 15.179 | 15.246 | 15.270 | 15.283 | 15.315 | 15.355 |
| Change (%) | -1.13% | -0.60% | -0.16% | - | +0.09% | +0.29% | +0.56% |
| Change | -0.173 | -0.091 | -0.024 | - | +0.013 | +0.045 | +0.085 |
| Level | Intermediate | Major | Major | - | Minor | Major | 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 | 15.108 | 15.163 | 15.223 | 15.278 | 15.338 | 15.393 | 15.453 |
| Camarilla | 15.252 | 15.263 | 15.274 | 15.284 | 15.295 | 15.305 | 15.316 |
| Woodie | 15.112 | 15.164 | 15.227 | 15.279 | 15.342 | 15.394 | 15.457 |
| Fibonacci | 15.163 | 15.207 | 15.234 | 15.278 | 15.322 | 15.349 | 15.393 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.730 | 14.914 | 15.086 | 15.270 | 15.442 | 15.626 | 15.798 |
| Camarilla | 15.161 | 15.194 | 15.226 | 15.259 | 15.292 | 15.324 | 15.357 |
| Woodie | 14.725 | 14.911 | 15.081 | 15.267 | 15.437 | 15.623 | 15.793 |
| Fibonacci | 14.914 | 15.050 | 15.134 | 15.270 | 15.406 | 15.490 | 15.626 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.859 | 14.077 | 14.446 | 14.664 | 15.033 | 15.251 | 15.620 |
| Camarilla | 14.654 | 14.707 | 14.761 | 14.815 | 14.869 | 14.923 | 14.976 |
| Woodie | 13.935 | 14.115 | 14.522 | 14.702 | 15.109 | 15.289 | 15.696 |
| Fibonacci | 14.077 | 14.301 | 14.440 | 14.664 | 14.888 | 15.027 | 15.251 |
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): | 44.88 | |
| MACD (12,26,9): | -0.0020 | |
| Directional Movement: | -3.831 | |
| AROON (14): | 35.715 | |
| DEMA (21): | 15.271 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.256 | |
| Elder Ray (13): | -0.008 | |
| Super Trend (3,10): | 15.244 | |
| Zig ZAG (10): | 15.271 | |
| VORTEX (21): | 1.0020 | |
| Stochastique (14,3,5): | 45.07 | |
| TEMA (21): | 15.270 | |
| Williams %R (14): | -56.14 | |
| Chande Momentum Oscillator (20): | 0.002 | |
| Repulse (5,40,3): | -0.0620 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0030 | |
| Courbe Coppock: | 0.10 |
| MA7: | 15.246 | |
| MA20: | 15.138 | |
| MA50: | 14.870 | |
| MA100: | 15.081 | |
| MAexp7: | 15.273 | |
| MAexp20: | 15.275 | |
| MAexp50: | 15.274 | |
| MAexp100: | 15.264 | |
| Price / MA7: | +0.16% | |
| Price / MA20: | +0.87% | |
| Price / MA50: | +2.69% | |
| Price / MA100: | +1.25% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | +0.05% |
Quotes :
2020-09-30 06:47:55
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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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