NZD/CZK - 1H - Technical analysis published on 07/29/2021 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 15.052 CZK
My targets
14.987 CZK (-0.047)
14.903 CZK (-0.131)
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 15.052 CZK. Crossing the first support at 14.987 CZK would be a sign of a further potential price plummet. Sellers would then use the next support located at 14.903 CZK as an objective. Crossing it would then enable sellers to target 14.193 CZK. Caution, a return to above the resistance located at 15.052 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3.4
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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 15.034 CZK. The price has increased by +0.12% since the last closing with the lowest point at 14.995 CZK and the highest point at 15.040 CZK. The deviation from the price is +0.26% for the low point and -0.04% for the high point.14.995
15.040
15.034
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
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 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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 | 14.193 | 14.903 | 14.987 | 15.034 | 15.052 | 15.073 | 15.101 |
Change (%) | -5.59% | -0.87% | -0.31% | - | +0.12% | +0.26% | +0.45% |
Change | -0.841 | -0.131 | -0.047 | - | +0.018 | +0.039 | +0.067 |
Level | Major | Major | Intermediate | - | Minor | Minor | 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 | 14.779 | 14.884 | 14.950 | 15.055 | 15.121 | 15.226 | 15.292 |
Camarilla | 14.969 | 14.985 | 15.000 | 15.016 | 15.032 | 15.047 | 15.063 |
Woodie | 14.760 | 14.874 | 14.931 | 15.045 | 15.102 | 15.216 | 15.273 |
Fibonacci | 14.884 | 14.949 | 14.990 | 15.055 | 15.120 | 15.161 | 15.226 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 14.790 | 14.888 | 15.046 | 15.144 | 15.302 | 15.400 | 15.558 |
Camarilla | 15.133 | 15.156 | 15.180 | 15.203 | 15.227 | 15.250 | 15.273 |
Woodie | 14.819 | 14.903 | 15.075 | 15.159 | 15.331 | 15.415 | 15.587 |
Fibonacci | 14.888 | 14.986 | 15.047 | 15.144 | 15.242 | 15.303 | 15.400 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 14.658 | 14.781 | 14.914 | 15.037 | 15.170 | 15.293 | 15.426 |
Camarilla | 14.978 | 15.001 | 15.025 | 15.048 | 15.072 | 15.095 | 15.118 |
Woodie | 14.664 | 14.784 | 14.920 | 15.040 | 15.176 | 15.296 | 15.432 |
Fibonacci | 14.781 | 14.879 | 14.939 | 15.037 | 15.135 | 15.195 | 15.293 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 43.71 | |
MACD (12,26,9): | -0.0230 | |
Directional Movement: | -15.022 | |
AROON (14): | -21.429 | |
DEMA (21): | 15.001 | |
Parabolic SAR (0,02-0,02-0,2): | 14.994 | |
Elder Ray (13): | 0.005 | |
Super Trend (3,10): | 15.076 | |
Zig ZAG (10): | 15.032 | |
VORTEX (21): | 0.8820 | |
Stochastique (14,3,5): | 64.41 | |
TEMA (21): | 15.003 | |
Williams %R (14): | -12.25 | |
Chande Momentum Oscillator (20): | 0.036 | |
Repulse (5,40,3): | 0.0930 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0280 | |
Courbe Coppock: | 0.18 |
MA7: | 15.138 | |
MA20: | 15.157 | |
MA50: | 15.082 | |
MA100: | 15.258 | |
MAexp7: | 15.022 | |
MAexp20: | 15.036 | |
MAexp50: | 15.083 | |
MAexp100: | 15.117 | |
Price / MA7: | -0.69% | |
Price / MA20: | -0.81% | |
Price / MA50: | -0.32% | |
Price / MA100: | -1.47% | |
Price / MAexp7: | +0.08% | |
Price / MAexp20: | -0.01% | |
Price / MAexp50: | -0.32% | |
Price / MAexp100: | -0.55% |
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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