NZD/CZK

- CZK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NZDCZK
ISIN:

NZD/CZK - Daily - Technical analysis published on 06/04/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

44%

39%

My opinion

Bearish under 13.624 CZK

My targets

13.333 CZK (-0.067)

13.032 CZK (-0.368)

My analysis

The bearish trend is currently very strong for NZD/CZK. As long as the price remains below the resistance at 13.624 CZK, you could try to take advantage of the bearish rally. The first bearish objective is located at 13.333 CZK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 13.032 CZK as an objective. Crossing it would then enable sellers to target 12.558 CZK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

6.6

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NZD/CZK rating is 13.400 CZK. The price has increased by +0.42% since the last closing and was between 13.392 CZK and 13.400 CZK. This implies that the price is at +0.06% from its lowest and at 0% from its highest.

13.392

13.400

The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of NZD/CZK indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.558	13.032	13.333	13.400	13.624	14.040	14.526
Change (%)	-6.28%	-2.75%	-0.50%	-	+1.67%	+4.78%	+8.40%
Change	-0.842	-0.368	-0.067	-	+0.224	+0.640	+1.126
Level	Minor	Major	Intermediate	-	Minor	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.207	13.270	13.307	13.370	13.407	13.470	13.507
Camarilla	13.317	13.326	13.335	13.344	13.353	13.362	13.372
Woodie	13.194	13.264	13.294	13.364	13.394	13.464	13.494
Fibonacci	13.270	13.308	13.332	13.370	13.408	13.432	13.470

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.106	13.195	13.270	13.359	13.434	13.523	13.598
Camarilla	13.299	13.314	13.329	13.344	13.359	13.374	13.389
Woodie	13.098	13.192	13.262	13.356	13.426	13.520	13.590
Fibonacci	13.195	13.258	13.297	13.359	13.422	13.461	13.523

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.364	12.763	13.062	13.461	13.760	14.159	14.458
Camarilla	13.168	13.232	13.296	13.360	13.424	13.488	13.552
Woodie	12.313	12.738	13.011	13.436	13.709	14.134	14.407
Fibonacci	12.763	13.030	13.195	13.461	13.728	13.893	14.159

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):	43.56
MACD (12,26,9):	-0.0200
Directional Movement:	-4.010
AROON (14):	-57.143
DEMA (21):	13.432
Parabolic SAR (0,02-0,02-0,2):	13.715
Elder Ray (13):	-0.047
Super Trend (3,10):	13.712
Zig ZAG (10):	13.344
VORTEX (21):	1.0610
Stochastique (14,3,5):	11.23
TEMA (21):	13.418
Williams %R (14):	-89.76
Chande Momentum Oscillator (20):	-0.291
Repulse (5,40,3):	-0.7810
ROCnROLL:	2
TRIX (15,9):	0.0270
Courbe Coppock:	2.47

MA7:	13.351
MA20:	13.519
MA50:	13.405
MA100:	13.670
MAexp7:	13.388
MAexp20:	13.443
MAexp50:	13.492
MAexp100:	13.678
Price / MA7:	+0.37%
Price / MA20:	-0.88%
Price / MA50:	-0.04%
Price / MA100:	-1.98%
Price / MAexp7:	+0.09%
Price / MAexp20:	-0.32%
Price / MAexp50:	-0.68%
Price / MAexp100:	-2.03%

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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