USD/CZK - 1H - Technical analysis published on 04/17/2020 (GMT)
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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
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 24.9269 CZK
My targets
25.1977 CZK (+0.1561)
25.5141 CZK (+0.4725)
My analysis
The basic bullish trend is very strong on USD/CZK but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 24.9269 CZK. Crossing the first resistance at 25.1977 CZK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 25.5141 CZK as an objective. Crossing it would then enable buyers to target 25.5767 CZK. Caution, a return to below 24.9269 CZK would be a sign of a consolidation phase in 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7
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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 USD/CZK price is 25.0416 CZK. The price registered an increase of +0.12% on the session and was between 24.8687 CZK and 25.1792 CZK. This implies that the price is at +0.70% from its lowest and at -0.55% from its highest.24.8687
25.1792
25.0416
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/CZK:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/CZK indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
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
Near resistance of triangle
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.7951 | 24.9269 | 25.0184 | 25.0416 | 25.1977 | 25.5767 | 25.7368 |
| Change (%) | -0.98% | -0.46% | -0.09% | - | +0.62% | +2.14% | +2.78% |
| Change | -0.2465 | -0.1147 | -0.0232 | - | +0.1561 | +0.5351 | +0.6952 |
| Level | Intermediate | Minor | Intermediate | - | Major | 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 | 24.3663 | 24.5695 | 24.7912 | 24.9944 | 25.2161 | 25.4193 | 25.6410 |
| Camarilla | 24.8960 | 24.9349 | 24.9739 | 25.0128 | 25.0518 | 25.0907 | 25.1297 |
| Woodie | 24.3755 | 24.5741 | 24.8004 | 24.9990 | 25.2253 | 25.4239 | 25.6502 |
| Fibonacci | 24.5695 | 24.7319 | 24.8321 | 24.9944 | 25.1568 | 25.2570 | 25.4193 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.3076 | 24.5811 | 24.7741 | 25.0476 | 25.2406 | 25.5141 | 25.7071 |
| Camarilla | 24.8388 | 24.8816 | 24.9243 | 24.9671 | 25.0099 | 25.0526 | 25.0954 |
| Woodie | 24.2674 | 24.5610 | 24.7339 | 25.0275 | 25.2004 | 25.4940 | 25.6669 |
| Fibonacci | 24.5811 | 24.7593 | 24.8694 | 25.0476 | 25.2258 | 25.3359 | 25.5141 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.7042 | 20.4323 | 22.6277 | 24.3558 | 26.5512 | 28.2793 | 30.4747 |
| Camarilla | 23.7442 | 24.1039 | 24.4636 | 24.8232 | 25.1829 | 25.5425 | 25.9022 |
| Woodie | 18.9380 | 20.5491 | 22.8615 | 24.4726 | 26.7850 | 28.3961 | 30.7085 |
| Fibonacci | 20.4323 | 21.9310 | 22.8570 | 24.3558 | 25.8545 | 26.7805 | 28.2793 |
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): | 55.04 | |
| MACD (12,26,9): | 0.0416 | |
| Directional Movement: | 9.7426 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 25.0665 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.8871 | |
| Elder Ray (13): | 0.0153 | |
| Super Trend (3,10): | 24.8636 | |
| Zig ZAG (10): | 25.0438 | |
| VORTEX (21): | 1.0606 | |
| Stochastique (14,3,5): | 69.20 | |
| TEMA (21): | 25.0536 | |
| Williams %R (14): | -43.61 | |
| Chande Momentum Oscillator (20): | 0.0314 | |
| Repulse (5,40,3): | -0.2078 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0238 | |
| Courbe Coppock: | 0.12 |
| MA7: | 24.5048 | |
| MA20: | 24.8796 | |
| MA50: | 24.0176 | |
| MA100: | 23.4141 | |
| MAexp7: | 25.0465 | |
| MAexp20: | 25.0092 | |
| MAexp50: | 24.9132 | |
| MAexp100: | 24.8392 | |
| Price / MA7: | +2.19% | |
| Price / MA20: | +0.65% | |
| Price / MA50: | +4.26% | |
| Price / MA100: | +6.95% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.52% | |
| Price / MAexp100: | +0.81% |
This member declared not having a position on this financial instrument or a related financial instrument.
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