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 05/04/2021 (GMT)

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

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 15.388 CZK
My targets
15.331 CZK (-0.029)
15.309 CZK (-0.051)
My analysis
The bearish basic trend is very strong on NZD/CZK but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 15.388 CZK. Crossing the first support at 15.331 CZK would be a sign of a further potential price plummet. Sellers would then use the next support located at 15.309 CZK as an objective. Crossing it would then enable sellers to target 15.179 CZK. Caution, a return to above the resistance located at 15.388 CZK would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9

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

NZD/CZK rating 15.360 CZK. The price registered a decrease of -0.21% on the session with the lowest point at 15.360 CZK and the highest point at 15.399 CZK. The deviation from the price is 0% for the low point and -0.25% for the high point.

15.360
15.399
15.360

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

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:

Technical


A technical analysis in 1H of this NZD/CZK chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Aroon indicator bearish trend

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour



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

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 15.309 15.331 15.352 15.360 15.388 15.415 15.442
Change (%) -0.33% -0.19% -0.05% - +0.18% +0.36% +0.53%
Change -0.051 -0.029 -0.008 - +0.028 +0.055 +0.082
Level Major Intermediate Intermediate - Minor 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
Standard15.20615.26915.33015.39315.45415.51715.578
Camarilla15.35815.36915.38115.39215.40315.41515.426
Woodie15.20615.26915.33015.39315.45415.51715.578
Fibonacci15.26915.31615.34515.39315.44015.46915.517


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.14515.25315.33215.44015.51915.62715.706
Camarilla15.36115.37815.39515.41215.42915.44615.463
Woodie15.13215.24615.31915.43315.50615.62015.693
Fibonacci15.25315.32415.36815.44015.51115.55515.627


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.84415.04215.22715.42515.61015.80815.993
Camarilla15.30715.34215.37715.41215.44715.48215.517
Woodie14.83815.03915.22115.42215.60415.80515.987
Fibonacci15.04215.18815.27915.42515.57115.66215.808

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): 45.81
MACD (12,26,9): -0.0050
Directional Movement: -2.355
AROON (14): -64.285
DEMA (21): 15.384
Parabolic SAR (0,02-0,02-0,2): 15.375
Elder Ray (13): 0
Super Trend (3,10): 15.341
Zig ZAG (10): 15.383
VORTEX (21): 1.0070
Stochastique (14,3,5): 32.50
TEMA (21): 15.388
Williams %R (14): -92.50
Chande Momentum Oscillator (20): -0.022
Repulse (5,40,3): -0.0660
ROCnROLL: 2
TRIX (15,9): -0.0060
Courbe Coppock: 0.06
MA7: 15.439
MA20: 15.415
MA50: 15.578
MA100: 15.493
MAexp7: 15.385
MAexp20: 15.393
MAexp50: 15.410
MAexp100: 15.429
Price / MA7: -0.51%
Price / MA20: -0.36%
Price / MA50: -1.40%
Price / MA100: -0.86%
Price / MAexp7: -0.16%
Price / MAexp20: -0.21%
Price / MAexp50: -0.32%
Price / MAexp100: -0.45%

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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