NZD/CZK - 1H - Technical analysis published on 05/04/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
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
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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 15.360 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.
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:
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:
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 15.206 | 15.269 | 15.330 | 15.393 | 15.454 | 15.517 | 15.578 |
Camarilla | 15.358 | 15.369 | 15.381 | 15.392 | 15.403 | 15.415 | 15.426 |
Woodie | 15.206 | 15.269 | 15.330 | 15.393 | 15.454 | 15.517 | 15.578 |
Fibonacci | 15.269 | 15.316 | 15.345 | 15.393 | 15.440 | 15.469 | 15.517 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 15.145 | 15.253 | 15.332 | 15.440 | 15.519 | 15.627 | 15.706 |
Camarilla | 15.361 | 15.378 | 15.395 | 15.412 | 15.429 | 15.446 | 15.463 |
Woodie | 15.132 | 15.246 | 15.319 | 15.433 | 15.506 | 15.620 | 15.693 |
Fibonacci | 15.253 | 15.324 | 15.368 | 15.440 | 15.511 | 15.555 | 15.627 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 14.844 | 15.042 | 15.227 | 15.425 | 15.610 | 15.808 | 15.993 |
Camarilla | 15.307 | 15.342 | 15.377 | 15.412 | 15.447 | 15.482 | 15.517 |
Woodie | 14.838 | 15.039 | 15.221 | 15.422 | 15.604 | 15.805 | 15.987 |
Fibonacci | 15.042 | 15.188 | 15.279 | 15.425 | 15.571 | 15.662 | 15.808 |
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
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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