USD/CZK - 1H - Technical analysis published on 05/07/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 25.0803 CZK
My targets
25.2756 CZK (+0.1159)
25.5324 CZK (+0.3727)
My analysis
USD/CZK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 25.0803 CZK. The next resistance located at 25.2756 CZK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 25.5324 CZK. After this resistance, buyers could then target 26.0100 CZK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8
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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 25.1597 CZK. The price has increased by +0.20% since the last closing and was between 25.0333 CZK and 25.1783 CZK. This implies that the price is at +0.50% from its lowest and at -0.07% from its highest.25.0333
25.1783
25.1597
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/CZK indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
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
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:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.0184 | 25.0803 | 25.1397 | 25.1597 | 25.2756 | 25.5324 | 26.0100 |
| Change (%) | -0.56% | -0.32% | -0.08% | - | +0.46% | +1.48% | +3.38% |
| Change | -0.1413 | -0.0794 | -0.0200 | - | +0.1159 | +0.3727 | +0.8503 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Major |
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 | 24.7249 | 24.8150 | 24.9620 | 25.0521 | 25.1991 | 25.2892 | 25.4362 |
| Camarilla | 25.0439 | 25.0656 | 25.0874 | 25.1091 | 25.1308 | 25.1526 | 25.1743 |
| Woodie | 24.7535 | 24.8292 | 24.9906 | 25.0663 | 25.2277 | 25.3034 | 25.4648 |
| Fibonacci | 24.8150 | 24.9055 | 24.9615 | 25.0521 | 25.1426 | 25.1986 | 25.2892 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.8141 | 24.2078 | 24.4913 | 24.8850 | 25.1685 | 25.5622 | 25.8457 |
| Camarilla | 24.5885 | 24.6506 | 24.7126 | 24.7747 | 24.8368 | 24.8989 | 24.9609 |
| Woodie | 23.7589 | 24.1803 | 24.4361 | 24.8575 | 25.1133 | 25.5347 | 25.7905 |
| Fibonacci | 24.2078 | 24.4665 | 24.6263 | 24.8850 | 25.1437 | 25.3035 | 25.5622 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.7942 | 23.6003 | 24.1857 | 24.9918 | 25.5772 | 26.3833 | 26.9687 |
| Camarilla | 24.3885 | 24.5161 | 24.6437 | 24.7712 | 24.8988 | 25.0263 | 25.1539 |
| Woodie | 22.6840 | 23.5451 | 24.0755 | 24.9366 | 25.4670 | 26.3281 | 26.8585 |
| Fibonacci | 23.6003 | 24.1318 | 24.4602 | 24.9918 | 25.5233 | 25.8517 | 26.3833 |
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): | 66.89 | |
| MACD (12,26,9): | 0.0321 | |
| Directional Movement: | 12.4206 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 25.1420 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.0412 | |
| Elder Ray (13): | 0.0430 | |
| Super Trend (3,10): | 25.0110 | |
| Zig ZAG (10): | 25.1488 | |
| VORTEX (21): | 1.1318 | |
| Stochastique (14,3,5): | 76.32 | |
| TEMA (21): | 25.1390 | |
| Williams %R (14): | -11.38 | |
| Chande Momentum Oscillator (20): | 0.0502 | |
| Repulse (5,40,3): | 0.0890 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0207 | |
| Courbe Coppock: | 0.13 |
| MA7: | 24.9233 | |
| MA20: | 25.0027 | |
| MA50: | 24.5913 | |
| MA100: | 23.7162 | |
| MAexp7: | 25.1179 | |
| MAexp20: | 25.0950 | |
| MAexp50: | 25.0276 | |
| MAexp100: | 24.9817 | |
| Price / MA7: | +0.95% | |
| Price / MA20: | +0.63% | |
| Price / MA50: | +2.31% | |
| Price / MA100: | +6.09% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.53% | |
| Price / MAexp100: | +0.72% |
This member declared not having a position on this financial instrument or a related financial instrument.
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