USD/CZK - 1H - Technical analysis published on 07/21/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
17%
6%
My opinion
Bullish above 24.0736 CZK
My targets
24.2484 CZK (+0.0963)
24.3520 CZK (+0.1999)
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 24.0736 CZK. The next resistance located at 24.2484 CZK is the next bullish target 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 24.3520 CZK. After this resistance, buyers could then target 24.4900 CZK.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.5
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This analysis was given by nwbrown2. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/CZK rating 24.1521 CZK. The price registered an increase of +0.19% on the session and was traded between 23.9919 CZK and 24.1812 CZK over the period. The price is currently at +0.67% from its lowest and -0.12% from its highest.23.9919
24.1812
24.1521
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/CZK chart shows a bullish trend. 67.86% 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 scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high 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
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
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:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.8946 | 23.9685 | 24.0736 | 24.1521 | 24.1696 | 24.2484 | 24.3520 |
| Change (%) | -1.07% | -0.76% | -0.33% | - | +0.07% | +0.40% | +0.83% |
| Change | -0.2575 | -0.1836 | -0.0785 | - | +0.0175 | +0.0963 | +0.1999 |
| Level | Minor | Minor | Major | - | Intermediate | 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 | 23.5385 | 23.6783 | 23.8923 | 24.0321 | 24.2461 | 24.3859 | 24.5999 |
| Camarilla | 24.0091 | 24.0415 | 24.0740 | 24.1064 | 24.1388 | 24.1713 | 24.2037 |
| Woodie | 23.5757 | 23.6969 | 23.9295 | 24.0507 | 24.2833 | 24.4045 | 24.6371 |
| Fibonacci | 23.6783 | 23.8134 | 23.8969 | 24.0321 | 24.1672 | 24.2507 | 24.3859 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.5110 | 23.7925 | 24.0456 | 24.3271 | 24.5802 | 24.8617 | 25.1148 |
| Camarilla | 24.1516 | 24.2006 | 24.2496 | 24.2986 | 24.3476 | 24.3966 | 24.4456 |
| Woodie | 23.4967 | 23.7854 | 24.0313 | 24.3200 | 24.5659 | 24.8546 | 25.1005 |
| Fibonacci | 23.7925 | 23.9968 | 24.1229 | 24.3271 | 24.5314 | 24.6575 | 24.8617 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.0538 | 22.4735 | 23.0412 | 23.4609 | 24.0286 | 24.4483 | 25.0160 |
| Camarilla | 23.3375 | 23.4280 | 23.5185 | 23.6090 | 23.6995 | 23.7900 | 23.8805 |
| Woodie | 22.1279 | 22.5105 | 23.1153 | 23.4979 | 24.1027 | 24.4853 | 25.0901 |
| Fibonacci | 22.4735 | 22.8507 | 23.0837 | 23.4609 | 23.8381 | 24.0711 | 24.4483 |
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): | 60.35 | |
| MACD (12,26,9): | 0.0227 | |
| Directional Movement: | 8.0723 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 24.0954 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.9919 | |
| Elder Ray (13): | 0.0598 | |
| Super Trend (3,10): | 23.9764 | |
| Zig ZAG (10): | 24.1548 | |
| VORTEX (21): | 1.1406 | |
| Stochastique (14,3,5): | 79.59 | |
| TEMA (21): | 24.1216 | |
| Williams %R (14): | -4.15 | |
| Chande Momentum Oscillator (20): | 0.0595 | |
| Repulse (5,40,3): | 0.4765 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0147 | |
| Courbe Coppock: | 0.11 |
| MA7: | 24.1997 | |
| MA20: | 24.0139 | |
| MA50: | 23.5940 | |
| MA100: | 23.2006 | |
| MAexp7: | 24.0981 | |
| MAexp20: | 24.0637 | |
| MAexp50: | 24.0570 | |
| MAexp100: | 24.1093 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | +0.58% | |
| Price / MA50: | +2.37% | |
| Price / MA100: | +4.10% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +0.40% | |
| Price / MAexp100: | +0.18% |
Quotes :
-
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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