USD/CZK
USD CZK
- CZK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: USDCZK
ISIN:

USD/CZK - Daily - Technical analysis published on 10/20/2022 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 24.4839 CZK
My targets
25.6095 CZK (+0.4463)
26.0304 CZK (+0.8672)
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 24.4839 CZK. The next resistance located at 25.6095 CZK is the next bullish objective 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 26.0304 CZK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.3

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 25.1632 CZK. The price has increased by +0.15% since the last closing with the lowest point at 25.1134 CZK and the highest point at 25.1713 CZK. The deviation from the price is +0.20% for the low point and -0.03% for the high point.

25.1134
25.1713
25.1632

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



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of USD/CZK in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily



In fact, only 9 technical indicators out of 18 studied are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 22.9378 23.4329 24.4839 25.1632 25.6095 26.0304
Change (%) -8.84% -6.88% -2.70% - +1.77% +3.45%
Change -2.2254 -1.7303 -0.6793 - +0.4463 +0.8672
Level Intermediate Major Major - Major Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard24.680424.784224.955525.059325.230625.334425.5057
Camarilla25.051225.076425.101625.126825.152025.177225.2025
Woodie24.714224.801124.989325.076225.264425.351325.5395
Fibonacci24.784224.889324.954225.059325.164425.229325.3344


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard24.647724.863125.082025.297425.516325.731725.9506
Camarilla25.181525.221325.261125.300925.340725.380525.4203
Woodie24.649524.864025.083825.298325.518125.732625.9524
Fibonacci24.863125.029025.131525.297425.463325.565825.7317


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.348323.216024.147925.015625.947526.815227.7471
Camarilla24.584924.749924.914825.079825.244825.409725.5747
Woodie22.380423.232124.180025.031725.979626.831327.7792
Fibonacci23.216023.903524.328225.015625.703126.127826.8152

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): 53.85
MACD (12,26,9): 0.0949
Directional Movement: 0.8893
AROON (14): 50.0000
DEMA (21): 25.2005
Parabolic SAR (0,02-0,02-0,2): 25.5932
Elder Ray (13): 0.0411
Super Trend (3,10): 25.8607
Zig ZAG (10): 25.1585
VORTEX (21): 1.0609
Stochastique (14,3,5): 52.77
TEMA (21): 25.1532
Williams %R (14): -36.31
Chande Momentum Oscillator (20): 0.5825
Repulse (5,40,3): 0.3179
ROCnROLL: 1
TRIX (15,9): 0.0736
Courbe Coppock: 0.03
MA7: 25.1353
MA20: 25.1535
MA50: 24.7857
MA100: 24.3099
MAexp7: 25.1125
MAexp20: 25.0536
MAexp50: 24.7867
MAexp100: 24.3509
Price / MA7: +0.11%
Price / MA20: +0.04%
Price / MA50: +1.52%
Price / MA100: +3.51%
Price / MAexp7: +0.20%
Price / MAexp20: +0.43%
Price / MAexp50: +1.51%
Price / MAexp100: +3.33%

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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