USD/CZK - 1H - Technical analysis published on 09/10/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 22.4624 CZK
My targets
22.3855 CZK (-0.0417)
22.2530 CZK (-0.1742)
My analysis
USD/CZK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 22.4624 CZK. The next support located at 22.3855 CZK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 22.2530 CZK. Below this support, sellers could then target 22.0660 CZK.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.6
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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 rating is 22.4272 CZK. On the day, this instrument lost -0.07% with the lowest point at 22.3758 CZK and the highest point at 22.4550 CZK. The deviation from the price is +0.23% for the low point and -0.12% for the high point.22.3758
22.4550
22.4272
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/CZK chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 2 are neutral and 12 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
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 | 22.0660 | 22.2530 | 22.3855 | 22.4272 | 22.4624 | 22.5944 | 22.9927 |
| Change (%) | -1.61% | -0.78% | -0.19% | - | +0.16% | +0.75% | +2.52% |
| Change | -0.3612 | -0.1742 | -0.0417 | - | +0.0352 | +0.1672 | +0.5655 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Minor |
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 | 22.1421 | 22.2628 | 22.3531 | 22.4738 | 22.5641 | 22.6848 | 22.7751 |
| Camarilla | 22.3855 | 22.4048 | 22.4242 | 22.4435 | 22.4628 | 22.4822 | 22.5015 |
| Woodie | 22.1270 | 22.2552 | 22.3380 | 22.4662 | 22.5490 | 22.6772 | 22.7600 |
| Fibonacci | 22.2628 | 22.3434 | 22.3932 | 22.4738 | 22.5544 | 22.6042 | 22.6848 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.2738 | 21.5392 | 21.9511 | 22.2165 | 22.6284 | 22.8938 | 23.3057 |
| Camarilla | 22.1766 | 22.2387 | 22.3008 | 22.3629 | 22.4250 | 22.4871 | 22.5492 |
| Woodie | 21.3470 | 21.5758 | 22.0243 | 22.2531 | 22.7016 | 22.9304 | 23.3789 |
| Fibonacci | 21.5392 | 21.7980 | 21.9578 | 22.2165 | 22.4753 | 22.6351 | 22.8938 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.0286 | 21.4207 | 21.7126 | 22.1047 | 22.3966 | 22.7887 | 23.0806 |
| Camarilla | 21.8165 | 21.8792 | 21.9419 | 22.0046 | 22.0673 | 22.1300 | 22.1927 |
| Woodie | 20.9786 | 21.3957 | 21.6626 | 22.0797 | 22.3466 | 22.7637 | 23.0306 |
| Fibonacci | 21.4207 | 21.6820 | 21.8434 | 22.1047 | 22.3660 | 22.5274 | 22.7887 |
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): | 36.47 | |
| MACD (12,26,9): | -0.0220 | |
| Directional Movement: | -16.3542 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 22.4146 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.4888 | |
| Elder Ray (13): | -0.0079 | |
| Super Trend (3,10): | 22.4936 | |
| Zig ZAG (10): | 22.4270 | |
| VORTEX (21): | 0.9001 | |
| Stochastique (14,3,5): | 14.27 | |
| TEMA (21): | 22.3994 | |
| Williams %R (14): | -90.41 | |
| Chande Momentum Oscillator (20): | -0.0390 | |
| Repulse (5,40,3): | -0.1212 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0116 | |
| Courbe Coppock: | 0.49 |
| MA7: | 22.3808 | |
| MA20: | 22.1643 | |
| MA50: | 22.5441 | |
| MA100: | 23.4582 | |
| MAexp7: | 22.4081 | |
| MAexp20: | 22.4398 | |
| MAexp50: | 22.4511 | |
| MAexp100: | 22.4120 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | +1.19% | |
| Price / MA50: | -0.52% | |
| Price / MA100: | -4.40% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | +0.07% |
Quotes :
2020-09-10 07:01:40
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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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