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

NZD/CZK - 1H - Technical analysis published on 04/07/2021 (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: Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 15.428 CZK
My targets
15.311 CZK (-0.076)
15.179 CZK (-0.208)
My analysis
NZD/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 15.428 CZK. The next support located at 15.311 CZK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 15.179 CZK. Below this support, sellers could then target 14.903 CZK. 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NZD/CZK price is 15.387 CZK. The price is lower by -0.64% since the last closing and was traded between 15.362 CZK and 15.499 CZK over the period. The price is currently at +0.16% from its lowest and -0.72% from its highest.

15.362
15.499
15.387

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



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of NZD/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 scanner does not detect any result on moving averages that would impact this trend.

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 5 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


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 several results that can have an impact on the price change:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour


Support of triangle is broken

Type : Bearish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Black line without upper shadow

Type : Bearish

Timeframe : 1 hour


Black marubozu

Type : Bearish

Timeframe : 1 hour


Long black line

Type : Bearish

Timeframe : 1 hour


Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 14.903 15.179 15.311 15.387 15.428 15.456 15.475
Change (%) -3.15% -1.35% -0.49% - +0.27% +0.45% +0.57%
Change -0.484 -0.208 -0.076 - +0.041 +0.069 +0.088
Level Major Minor Minor - Intermediate Minor Major



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
Standard15.26515.35115.41815.50415.57115.65715.724
Camarilla15.44415.45815.47215.48615.50015.51415.528
Woodie15.25715.34615.41015.49915.56315.65215.716
Fibonacci15.35115.40915.44515.50415.56215.59815.657


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.26915.34815.46615.54515.66315.74215.860
Camarilla15.52915.54715.56515.58315.60115.61915.637
Woodie15.28815.35815.48515.55515.68215.75215.879
Fibonacci15.34815.42415.47015.54515.62115.66715.742


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.84815.13615.34115.62915.83416.12216.327
Camarilla15.40915.45515.50015.54515.59015.63515.681
Woodie14.80615.11515.29915.60815.79216.10116.285
Fibonacci15.13615.32515.44115.62915.81815.93416.122

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): 29.06
MACD (12,26,9): -0.0250
Directional Movement: -23.830
AROON (14): -57.143
DEMA (21): 15.428
Parabolic SAR (0,02-0,02-0,2): 15.493
Elder Ray (13): -0.072
Super Trend (3,10): 15.472
Zig ZAG (10): 15.384
VORTEX (21): 0.8010
Stochastique (14,3,5): 23.06
TEMA (21): 15.422
Williams %R (14): -78.83
Chande Momentum Oscillator (20): -0.067
Repulse (5,40,3): -0.2900
ROCnROLL: 2
TRIX (15,9): -0.0170
Courbe Coppock: 0.44
MA7: 15.530
MA20: 15.603
MA50: 15.585
MA100: 15.485
MAexp7: 15.430
MAexp20: 15.458
MAexp50: 15.496
MAexp100: 15.519
Price / MA7: -0.92%
Price / MA20: -1.38%
Price / MA50: -1.27%
Price / MA100: -0.63%
Price / MAexp7: -0.28%
Price / MAexp20: -0.46%
Price / MAexp50: -0.70%
Price / MAexp100: -0.85%

Quotes : 2021-04-07 08:45:18 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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