NZD/CZK

- CZK (-)

- Real time data - Forex

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Type:	Forex
Ticker:	NZDCZK
ISIN:

NZD/CZK - 1H - Technical analysis published on 04/09/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 14.111 CZK

My targets

14.154 CZK (+0.020)

14.311 CZK (+0.177)

My analysis

The bullish trend is currently very strong on NZD/CZK. As long as the price remains above the support at 14.111 CZK, you could try to benefit from the boom. The first bullish objective is located at 14.154 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 14.311 CZK as an objective. Crossing it would then enable buyers to target 14.525 CZK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.9

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 14.134 CZK. On the day, this instrument gained +0.39% and was between 14.077 CZK and 14.140 CZK. This implies that the price is at +0.40% from its lowest and at -0.04% from its highest.

14.077

14.140

14.134

Here is a more detailed summary of the historical variations registered by NZD/CZK:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this NZD/CZK chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	14.067	14.088	14.111	14.134	14.154	14.311	14.525
Change (%)	-0.47%	-0.33%	-0.16%	-	+0.14%	+1.25%	+2.77%
Change	-0.067	-0.046	-0.023	-	+0.020	+0.177	+0.391
Level	Minor	Minor	Intermediate	-	Intermediate	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.940	13.980	14.030	14.070	14.120	14.160	14.210
Camarilla	14.054	14.063	14.071	14.079	14.087	14.096	14.104
Woodie	13.944	13.983	14.034	14.073	14.124	14.163	14.214
Fibonacci	13.980	14.015	14.036	14.070	14.105	14.126	14.160

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.841	13.906	13.975	14.040	14.109	14.174	14.243
Camarilla	14.007	14.019	14.032	14.044	14.056	14.069	14.081
Woodie	13.843	13.907	13.977	14.041	14.111	14.175	14.245
Fibonacci	13.906	13.957	13.989	14.040	14.091	14.123	14.174

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.434	13.703	13.854	14.123	14.274	14.543	14.694
Camarilla	13.890	13.928	13.967	14.005	14.044	14.082	14.121
Woodie	13.375	13.674	13.795	14.094	14.215	14.514	14.635
Fibonacci	13.703	13.863	13.963	14.123	14.283	14.383	14.543

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	68.32
MACD (12,26,9):	0.0140
Directional Movement:	14.246
AROON (14):	85.714
DEMA (21):	14.121
Parabolic SAR (0,02-0,02-0,2):	14.083
Elder Ray (13):	0.024
Super Trend (3,10):	14.087
Zig ZAG (10):	14.137
VORTEX (21):	1.1420
Stochastique (14,3,5):	96.54
TEMA (21):	14.127
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.058
Repulse (5,40,3):	0.1760
ROCnROLL:	1
TRIX (15,9):	0.0120
Courbe Coppock:	0.47

MA7:	14.063
MA20:	14.068
MA50:	14.209
MA100:	14.056
MAexp7:	14.121
MAexp20:	14.103
MAexp50:	14.084
MAexp100:	14.068
Price / MA7:	+0.50%
Price / MA20:	+0.47%
Price / MA50:	-0.53%
Price / MA100:	+0.55%
Price / MAexp7:	+0.09%
Price / MAexp20:	+0.22%
Price / MAexp50:	+0.36%
Price / MAexp100:	+0.47%

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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