USD/CZK

- CZK (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDCZK
ISIN:

USD/CZK - Daily - Technical analysis published on 08/10/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 21.5902 CZK

My targets

21.8480 CZK (+0.1608)

22.1040 CZK (+0.4168)

My analysis

A bullish trend on USD/CZK both in substance and in the short term. A purchase could be considered as long as the price remains above 21.5902 CZK. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 21.8480 CZK. Then the price could move towards 22.1040 CZK. Then 22.3047 CZK by extension. Be careful, a return below 21.5902 CZK would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

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

5.5

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The USD/CZK price is 21.6872 CZK. The price has increased by +0.33% since the last closing and was traded between 21.5753 CZK and 21.6918 CZK over the period. The price is currently at +0.52% from its lowest and -0.02% from its highest.

21.5753

21.6918

21.6872

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of this Daily chart of USD/CZK indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	20.9966	21.2254	21.5902	21.6872	21.8480	22.1040	22.3047
Change (%)	-3.18%	-2.13%	-0.45%	-	+0.74%	+1.92%	+2.85%
Change	-0.6906	-0.4618	-0.0970	-	+0.1608	+0.4168	+0.6175
Level	Minor	Intermediate	Intermediate	-	Major	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.4909	21.5273	21.5716	21.6080	21.6523	21.6887	21.7330
Camarilla	21.5937	21.6011	21.6085	21.6159	21.6233	21.6307	21.6381
Woodie	21.4949	21.5293	21.5756	21.6100	21.6563	21.6907	21.7370
Fibonacci	21.5273	21.5581	21.5772	21.6080	21.6388	21.6579	21.6887

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.0163	21.1515	21.3724	21.5076	21.7285	21.8637	22.0846
Camarilla	21.4955	21.5281	21.5608	21.5934	21.6260	21.6587	21.6913
Woodie	21.0593	21.1729	21.4154	21.5290	21.7715	21.8851	22.1276
Fibonacci	21.1515	21.2875	21.3715	21.5076	21.6436	21.7276	21.8637

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.7460	21.0655	21.2813	21.6008	21.8166	22.1361	22.3519
Camarilla	21.3498	21.3989	21.4479	21.4970	21.5461	21.5951	21.6442
Woodie	20.6941	21.0396	21.2294	21.5749	21.7647	22.1102	22.3000
Fibonacci	21.0655	21.2700	21.3964	21.6008	21.8053	21.9317	22.1361

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):	56.54
MACD (12,26,9):	0.0155
Directional Movement:	-0.6157
AROON (14):	-57.1429
DEMA (21):	21.6223
Parabolic SAR (0,02-0,02-0,2):	21.2938
Elder Ray (13):	0.0451
Super Trend (3,10):	21.3519
Zig ZAG (10):	21.6875
VORTEX (21):	0.9927
Stochastique (14,3,5):	60.29
TEMA (21):	21.5661
Williams %R (14):	-29.72
Chande Momentum Oscillator (20):	-0.0968
Repulse (5,40,3):	0.9076
ROCnROLL:	1
TRIX (15,9):	0.0225
Courbe Coppock:	1.68

MA7:	21.5385
MA20:	21.6272
MA50:	21.4416
MA100:	21.4427
MAexp7:	21.5868
MAexp20:	21.5841
MAexp50:	21.5059
MAexp100:	21.4989
Price / MA7:	+0.69%
Price / MA20:	+0.28%
Price / MA50:	+1.15%
Price / MA100:	+1.14%
Price / MAexp7:	+0.47%
Price / MAexp20:	+0.48%
Price / MAexp50:	+0.84%
Price / MAexp100:	+0.88%

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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