USD/CZK - Daily - Technical analysis published on 11/08/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
83%
6%
My opinion
Bearish under 24.5821 CZK
My targets
23.6354 CZK (-0.5774)
23.4329 CZK (-0.7799)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/CZK as long as the price remains well below 24.5821 CZK. The sellers' bearish objective is set at 23.6354 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 23.4329 CZK. In case of crossing, the next objective would be the support located at 22.9378 CZK.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.5
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:
Additional analysis
Quotes
USD/CZK rating 24.2128 CZK. On the day, this instrument lost -0.01% with the lowest point at 24.1766 CZK and the highest point at 24.2214 CZK. The deviation from the price is +0.15% for the low point and -0.04% for the high point.24.1766
24.2214
24.2128
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/CZK:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this USD/CZK chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
In fact, 15 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami cross
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 22.9378 | 23.4329 | 24.1966 | 24.2128 | 24.5821 | 25.3119 | 26.0304 |
Change (%) | -5.27% | -3.22% | -0.07% | - | +1.53% | +4.54% | +7.51% |
Change | -1.2750 | -0.7799 | -0.0162 | - | +0.3693 | +1.0991 | +1.8176 |
Level | Minor | Major | Intermediate | - | 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 |
---|---|---|---|---|---|---|---|
Standard | 23.5844 | 23.8799 | 24.0469 | 24.3424 | 24.5094 | 24.8049 | 24.9719 |
Camarilla | 24.0867 | 24.1291 | 24.1715 | 24.2139 | 24.2563 | 24.2987 | 24.3411 |
Woodie | 23.5202 | 23.8478 | 23.9827 | 24.3103 | 24.4452 | 24.7728 | 24.9077 |
Fibonacci | 23.8799 | 24.0566 | 24.1657 | 24.3424 | 24.5191 | 24.6282 | 24.8049 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 23.5101 | 23.9895 | 24.2553 | 24.7347 | 25.0005 | 25.4799 | 25.7457 |
Camarilla | 24.3161 | 24.3844 | 24.4527 | 24.5210 | 24.5893 | 24.6576 | 24.7259 |
Woodie | 23.4032 | 23.9361 | 24.1484 | 24.6813 | 24.8936 | 25.4265 | 25.6388 |
Fibonacci | 23.9895 | 24.2742 | 24.4501 | 24.7347 | 25.0194 | 25.1953 | 25.4799 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 22.9787 | 23.6354 | 24.1995 | 24.8562 | 25.4203 | 26.0770 | 26.6411 |
Camarilla | 24.4280 | 24.5399 | 24.6518 | 24.7637 | 24.8756 | 24.9875 | 25.0994 |
Woodie | 22.9325 | 23.6123 | 24.1533 | 24.8331 | 25.3741 | 26.0539 | 26.5949 |
Fibonacci | 23.6354 | 24.1017 | 24.3898 | 24.8562 | 25.3225 | 25.6106 | 26.0770 |
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): | 38.14 | |
MACD (12,26,9): | -0.1231 | |
Directional Movement: | -11.3383 | |
AROON (14): | -78.5714 | |
DEMA (21): | 24.5920 | |
Parabolic SAR (0,02-0,02-0,2): | 25.1519 | |
Elder Ray (13): | -0.4434 | |
Super Trend (3,10): | 25.1466 | |
Zig ZAG (10): | 24.2137 | |
VORTEX (21): | 0.8509 | |
Stochastique (14,3,5): | 9.94 | |
TEMA (21): | 24.4326 | |
Williams %R (14): | -97.45 | |
Chande Momentum Oscillator (20): | -0.6521 | |
Repulse (5,40,3): | -2.1852 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0364 | |
Courbe Coppock: | 3.88 |
MA7: | 24.6477 | |
MA20: | 24.8013 | |
MA50: | 24.8321 | |
MA100: | 24.4698 | |
MAexp7: | 24.5240 | |
MAexp20: | 24.7183 | |
MAexp50: | 24.7162 | |
MAexp100: | 24.4118 | |
Price / MA7: | -1.76% | |
Price / MA20: | -2.37% | |
Price / MA50: | -2.49% | |
Price / MA100: | -1.05% | |
Price / MAexp7: | -1.27% | |
Price / MAexp20: | -2.05% | |
Price / MAexp50: | -2.04% | |
Price / MAexp100: | -0.82% |
Quotes :
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Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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