USD/CZK - 1H - Technical analysis published on 08/03/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 24.1696 CZK
My targets
24.2664 CZK (+0.0246)
24.3353 CZK (+0.0935)
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 24.2664 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 24.3353 CZK. If there is any crossing, the next objective would be the resistance located at 24.4900 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by forex2000. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CZK price is 24.2418 CZK. The price registered a decrease of -0.11% on the session and was between 24.1479 CZK and 24.3592 CZK. This implies that the price is at +0.39% from its lowest and at -0.48% from its highest.24.1479
24.3592
24.2418
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
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 | 24.1179 | 24.1696 | 24.2215 | 24.2418 | 24.2664 | 24.3353 | 24.4900 |
| Change (%) | -0.51% | -0.30% | -0.08% | - | +0.10% | +0.39% | +1.02% |
| Change | -0.1239 | -0.0722 | -0.0203 | - | +0.0246 | +0.0935 | +0.2482 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | Intermediate |
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 | 23.6866 | 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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.22 | |
| MACD (12,26,9): | 0.0290 | |
| Directional Movement: | 8.9647 | |
| AROON (14): | 28.5715 | |
| DEMA (21): | 24.2777 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.1832 | |
| Elder Ray (13): | 0.0061 | |
| Super Trend (3,10): | 24.1629 | |
| Zig ZAG (10): | 24.2460 | |
| VORTEX (21): | 1.0126 | |
| Stochastique (14,3,5): | 52.71 | |
| TEMA (21): | 24.2747 | |
| Williams %R (14): | -54.66 | |
| Chande Momentum Oscillator (20): | 0.0310 | |
| Repulse (5,40,3): | -0.1446 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0187 | |
| Courbe Coppock: | 0.38 |
| MA7: | 24.1496 | |
| MA20: | 24.1883 | |
| MA50: | 23.7302 | |
| MA100: | 23.3009 | |
| MAexp7: | 24.2610 | |
| MAexp20: | 24.2374 | |
| MAexp50: | 24.1835 | |
| MAexp100: | 24.1485 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | +0.22% | |
| Price / MA50: | +2.16% | |
| Price / MA100: | +4.04% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +0.39% |
Quotes :
-
Real time data
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Forex
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