USD/CZK - 1H - Technical analysis published on 08/20/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 22.0054 CZK
My targets
22.1025 CZK (+0.0635)
22.1767 CZK (+0.1377)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/CZK as long as the price remains well above 22.0054 CZK. The buyers” bullish objective is set at 22.1025 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 22.1767 CZK. If there is any crossing, the next objective would be the resistance located at 22.2787 CZK.
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
0
10
6.4
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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
USD/CZK rating 22.0390 CZK. On the day, this instrument lost -0.01% and was between 22.0115 CZK and 22.0589 CZK. This implies that the price is at +0.12% from its lowest and at -0.09% from its highest.22.0115
22.0589
22.0390
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/CZK:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/CZK in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced 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.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.8721 | 21.9246 | 22.0054 | 22.0390 | 22.1025 | 22.1767 | 22.2787 |
| Change (%) | -0.76% | -0.52% | -0.15% | - | +0.29% | +0.62% | +1.09% |
| Change | -0.1669 | -0.1144 | -0.0336 | - | +0.0635 | +0.1377 | +0.2397 |
| Level | Major | Minor | Intermediate | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.6770 | 21.7567 | 21.8994 | 21.9791 | 22.1218 | 22.2015 | 22.3442 |
| Camarilla | 21.9808 | 22.0012 | 22.0216 | 22.0420 | 22.0624 | 22.0828 | 22.1032 |
| Woodie | 21.7084 | 21.7725 | 21.9308 | 21.9949 | 22.1532 | 22.2173 | 22.3756 |
| Fibonacci | 21.7567 | 21.8417 | 21.8942 | 21.9791 | 22.0641 | 22.1166 | 22.2015 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.5393 | 21.7718 | 21.9006 | 22.1331 | 22.2619 | 22.4944 | 22.6232 |
| Camarilla | 21.9301 | 21.9633 | 21.9964 | 22.0295 | 22.0626 | 22.0957 | 22.1289 |
| Woodie | 21.4876 | 21.7459 | 21.8489 | 22.1072 | 22.2102 | 22.4685 | 22.5715 |
| Fibonacci | 21.7718 | 21.9098 | 21.9951 | 22.1331 | 22.2711 | 22.3564 | 22.4944 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.7124 | 20.8510 | 21.5673 | 22.7059 | 23.4222 | 24.5608 | 25.2771 |
| Camarilla | 21.7735 | 21.9435 | 22.1136 | 22.2836 | 22.4536 | 22.6237 | 22.7937 |
| Woodie | 19.5013 | 20.7454 | 21.3562 | 22.6003 | 23.2111 | 24.4552 | 25.0660 |
| Fibonacci | 20.8510 | 21.5596 | 21.9973 | 22.7059 | 23.4145 | 23.8522 | 24.5608 |
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): | 67.69 | |
| MACD (12,26,9): | 0.0338 | |
| Directional Movement: | 11.3831 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 22.0383 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.0124 | |
| Elder Ray (13): | 0.0264 | |
| Super Trend (3,10): | 21.9292 | |
| Zig ZAG (10): | 22.0448 | |
| VORTEX (21): | 1.1956 | |
| Stochastique (14,3,5): | 79.28 | |
| TEMA (21): | 22.0610 | |
| Williams %R (14): | -11.69 | |
| Chande Momentum Oscillator (20): | 0.0264 | |
| Repulse (5,40,3): | 0.0135 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0221 | |
| Courbe Coppock: | 0.93 |
| MA7: | 22.0374 | |
| MA20: | 22.1813 | |
| MA50: | 22.9918 | |
| MA100: | 23.8861 | |
| MAexp7: | 22.0282 | |
| MAexp20: | 21.9980 | |
| MAexp50: | 21.9714 | |
| MAexp100: | 21.9974 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | -0.64% | |
| Price / MA50: | -4.14% | |
| Price / MA100: | -7.73% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.19% |
Quotes :
2020-08-20 06:55:24
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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