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 05/14/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!

Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

33%

My opinion

Bearish under 13.907 CZK

My targets

13.796 CZK (-0.047)

13.773 CZK (-0.070)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 13.907 CZK remains possible. It is advisable to trade NZD/CZK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 13.907 CZK. The next bearish objective for sellers is set at 13.796 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 13.773 CZK. In case of crossing, the next objective would be the support located at 13.437 CZK. PS: if there is a bullish break in the resistance located at 13.907 CZK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

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

0.7

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

NZD/CZK rating 13.843 CZK. On the day, this instrument lost -0.02% and was traded between 13.784 CZK and 13.851 CZK over the period. The price is currently at +0.43% from its lowest and -0.06% from its highest.

13.784

13.851

13.843

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this NZD/CZK chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.437	13.796	13.830	13.843	13.849	13.907	13.951
Change (%)	-2.93%	-0.34%	-0.09%	-	+0.04%	+0.46%	+0.78%
Change	-0.406	-0.047	-0.013	-	+0.006	+0.064	+0.108
Level	Intermediate	Intermediate	Minor	-	Major	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.623	13.709	13.778	13.864	13.933	14.019	14.088
Camarilla	13.803	13.818	13.832	13.846	13.860	13.874	13.889
Woodie	13.614	13.705	13.769	13.860	13.924	14.015	14.079
Fibonacci	13.709	13.769	13.805	13.864	13.924	13.960	14.019

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.773	13.838	13.883	13.948	13.993	14.058	14.103
Camarilla	13.899	13.909	13.919	13.929	13.939	13.949	13.959
Woodie	13.764	13.833	13.874	13.943	13.984	14.053	14.094
Fibonacci	13.838	13.880	13.906	13.948	13.990	14.016	14.058

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.356	13.607	13.733	13.984	14.110	14.361	14.487
Camarilla	13.755	13.790	13.824	13.859	13.894	13.928	13.963
Woodie	13.294	13.576	13.671	13.953	14.048	14.330	14.425
Fibonacci	13.607	13.751	13.840	13.984	14.128	14.217	14.361

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):	52.34
MACD (12,26,9):	-0.0070
Directional Movement:	2.174
AROON (14):	-35.715
DEMA (21):	13.819
Parabolic SAR (0,02-0,02-0,2):	13.785
Elder Ray (13):	0.014
Super Trend (3,10):	13.853
Zig ZAG (10):	13.840
VORTEX (21):	1.0310
Stochastique (14,3,5):	71.14
TEMA (21):	13.826
Williams %R (14):	-14.93
Chande Momentum Oscillator (20):	0.009
Repulse (5,40,3):	0.1140
ROCnROLL:	-1
TRIX (15,9):	-0.0100
Courbe Coppock:	0.12

MA7:	13.923
MA20:	13.952
MA50:	14.047
MA100:	14.103
MAexp7:	13.828
MAexp20:	13.830
MAexp50:	13.853
MAexp100:	13.883
Price / MA7:	-0.57%
Price / MA20:	-0.78%
Price / MA50:	-1.45%
Price / MA100:	-1.84%
Price / MAexp7:	+0.11%
Price / MAexp20:	+0.09%
Price / MAexp50:	-0.07%
Price / MAexp100:	-0.29%

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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Londinia AI

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