USD/CZK

- CZK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	USDCZK
ISIN:

USD/CZK - Daily - Technical analysis published on 08/03/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

61%

17%

22%

My opinion

Bullish above 24.1696 CZK

My targets

24.4900 CZK (+0.2230)

25.6095 CZK (+1.3425)

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 24.1696 CZK. The buyers' bullish objective is set at 24.4900 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 25.6095 CZK. If there is any crossing, the next objective would be the resistance located at 26.0304 CZK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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

6.8

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

Additional analysis

Quotes

The USD/CZK rating is 24.2670 CZK. The price has increased by +0.00% since the last closing and was traded between 24.1479 CZK and 24.3592 CZK over the period. The price is currently at +0.49% from its lowest and -0.38% from its highest.

24.1479

24.3592

24.2670

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

Technical analysis of this Daily chart of USD/CZK indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. 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.
Other results related to technical indicators were also found by the Central Indicators scanner:

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bearish harami

Type : Bearish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	23.4329	23.7308	24.1696	24.2670	24.4900	25.6095	26.0304
Change (%)	-3.44%	-2.21%	-0.40%	-	+0.92%	+5.53%	+7.27%
Change	-0.8341	-0.5362	-0.0974	-	+0.2230	+1.3425	+1.7634
Level	Major	Intermediate	Major	-	Intermediate	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.6866	23.8055	24.0364	24.1553	24.3862	24.5051	24.7360
Camarilla	24.1712	24.2033	24.2353	24.2674	24.2995	24.3315	24.3636
Woodie	23.7427	23.8335	24.0925	24.1833	24.4423	24.5331	24.7921
Fibonacci	23.8055	23.9391	24.0216	24.1553	24.2889	24.3714	24.5051

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.4539	23.6810	23.8822	24.1093	24.3105	24.5376	24.7388
Camarilla	23.9655	24.0048	24.0440	24.0833	24.1226	24.1618	24.2011
Woodie	23.4409	23.6745	23.8692	24.1028	24.2975	24.5311	24.7258
Fibonacci	23.6810	23.8446	23.9457	24.1093	24.2729	24.3740	24.5376

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22.5898	23.0986	23.5910	24.0998	24.5922	25.1010	25.5934
Camarilla	23.8080	23.8998	23.9915	24.0833	24.1751	24.2669	24.3586
Woodie	22.5815	23.0945	23.5827	24.0957	24.5839	25.0969	25.5851
Fibonacci	23.0986	23.4811	23.7174	24.0998	24.4823	24.7186	25.1010

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):	57.51
MACD (12,26,9):	0.1039
Directional Movement:	10.9652
AROON (14):	-28.5714
DEMA (21):	24.2467
Parabolic SAR (0,02-0,02-0,2):	23.8180
Elder Ray (13):	0.1178
Super Trend (3,10):	23.5769
Zig ZAG (10):	24.2700
VORTEX (21):	1.0749
Stochastique (14,3,5):	53.00
TEMA (21):	24.1972
Williams %R (14):	-29.88
Chande Momentum Oscillator (20):	0.0803
Repulse (5,40,3):	0.7654
ROCnROLL:	1
TRIX (15,9):	0.0801
Courbe Coppock:	1.04

MA7:	24.1524
MA20:	24.1893
MA50:	23.7307
MA100:	23.3011
MAexp7:	24.1632
MAexp20:	24.0884
MAexp50:	23.8104
MAexp100:	23.4037
Price / MA7:	+0.47%
Price / MA20:	+0.32%
Price / MA50:	+2.26%
Price / MA100:	+4.15%
Price / MAexp7:	+0.43%
Price / MAexp20:	+0.74%
Price / MAexp50:	+1.92%
Price / MAexp100:	+3.69%

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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