USD/CZK
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 08/31/2022 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 24.0998 CZK
My targets
24.8050 CZK (+0.3087)
25.6095 CZK (+1.1132)
My analysis
The bullish trend is currently very strong on USD/CZK. As long as the price remains above the support at 24.0998 CZK, you could try to benefit from the boom. The first bullish objective is located at 24.8050 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 25.6095 CZK as an objective. Crossing it would then enable buyers to target 26.0304 CZK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
7.5

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:
15 min. 1H Weekly

Additional analysis

Quotes

The USD/CZK price is 24.4963 CZK. The price registered an increase of +0.00% on the session with the lowest point at 24.4675 CZK and the highest point at 24.5109 CZK. The deviation from the price is +0.12% for the low point and -0.06% for the high point.

24.4675
24.5109
24.4963

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by USD/CZK:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 Daily of this USD/CZK chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. 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.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

Central Candlesticks

Bullish harami cross

Type : Bullish

Timeframe : Daily


Doji

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 23.4329 23.7308 24.4839 24.4963 24.8050 25.6095 26.0304
Change (%) -4.34% -3.12% -0.05% - +1.26% +4.54% +6.26%
Change -1.0634 -0.7655 -0.0124 - +0.3087 +1.1132 +1.5341
Level Major Intermediate Major - Intermediate Minor Major



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
Standard24.224524.335324.416024.526824.607524.718324.7990
Camarilla24.443924.461524.479124.496624.514224.531724.5493
Woodie24.209424.327824.400924.519324.592424.710824.7839
Fibonacci24.335324.408524.453724.526824.600024.645224.7183


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.937424.176224.435624.674424.933825.172625.4320
Camarilla24.557924.603624.649224.694924.740624.786224.8319
Woodie23.947624.181424.445824.679624.944025.177825.4422
Fibonacci24.176224.366624.484124.674424.864824.982325.1726


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.589823.098623.591024.099824.592225.101025.5934
Camarilla23.808023.899823.991524.083324.175124.266924.3586
Woodie22.581523.094523.582724.095724.583925.096925.5851
Fibonacci23.098623.481123.717424.099824.482324.718625.1010

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): 56.50
MACD (12,26,9): 0.1645
Directional Movement: 7.4449
AROON (14): 57.1429
DEMA (21): 24.5951
Parabolic SAR (0,02-0,02-0,2): 24.1160
Elder Ray (13): 0.0143
Super Trend (3,10): 23.9702
Zig ZAG (10): 24.4958
VORTEX (21): 1.1022
Stochastique (14,3,5): 71.85
TEMA (21): 24.6503
Williams %R (14): -31.20
Chande Momentum Oscillator (20): 0.4317
Repulse (5,40,3): -0.4265
ROCnROLL: 1
TRIX (15,9): 0.0847
Courbe Coppock: 5.83
MA7: 24.6366
MA20: 24.2812
MA50: 24.1291
MA100: 23.6891
MAexp7: 24.5521
MAexp20: 24.3878
MAexp50: 24.1062
MAexp100: 23.7099
Price / MA7: -0.57%
Price / MA20: +0.89%
Price / MA50: +1.52%
Price / MA100: +3.41%
Price / MAexp7: -0.23%
Price / MAexp20: +0.44%
Price / MAexp50: +1.62%
Price / MAexp100: +3.32%

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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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