USD/CZK - 1H - Technical analysis published on 11/10/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 24.3464 CZK
My targets
24.5959 CZK (+0.1374)
24.7922 CZK (+0.3337)
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 24.3464 CZK. The buyers' bullish objective is set at 24.5959 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 24.7922 CZK. If there is any crossing, the next objective would be the resistance located at 25.0794 CZK.
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
6.4
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Additional analysis
Quotes
The USD/CZK rating is 24.4585 CZK. On the day, this instrument gained +0.78% and was between 24.2062 CZK and 24.4622 CZK. This implies that the price is at +1.04% from its lowest and at -0.02% from its highest.24.2062
24.4622
24.4585
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 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of USD/CZK in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 24.0655 | 24.1966 | 24.3464 | 24.4585 | 24.5959 | 24.7922 | 25.0794 |
| Change (%) | -1.61% | -1.07% | -0.46% | - | +0.56% | +1.36% | +2.54% |
| Change | -0.3930 | -0.2619 | -0.1121 | - | +0.1374 | +0.3337 | +0.6209 |
| Level | Intermediate | Major | Minor | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.8917 | 23.9981 | 24.1336 | 24.2400 | 24.3755 | 24.4819 | 24.6174 |
| Camarilla | 24.2026 | 24.2248 | 24.2469 | 24.2691 | 24.2913 | 24.3135 | 24.3356 |
| Woodie | 23.9063 | 24.0054 | 24.1482 | 24.2473 | 24.3901 | 24.4892 | 24.6320 |
| Fibonacci | 23.9981 | 24.0905 | 24.1476 | 24.2400 | 24.3324 | 24.3895 | 24.4819 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 71.17 | |
| MACD (12,26,9): | 0.0296 | |
| Directional Movement: | 24.1832 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 24.3149 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.1487 | |
| Elder Ray (13): | 0.1114 | |
| Super Trend (3,10): | 24.2490 | |
| Zig ZAG (10): | 24.4313 | |
| VORTEX (21): | 1.1471 | |
| Stochastique (14,3,5): | 90.15 | |
| TEMA (21): | 24.3426 | |
| Williams %R (14): | -4.22 | |
| Chande Momentum Oscillator (20): | 0.1449 | |
| Repulse (5,40,3): | 0.7287 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0109 | |
| Courbe Coppock: | 0.28 |
| MA7: | 24.5200 | |
| MA20: | 24.7092 | |
| MA50: | 24.8243 | |
| MA100: | 24.4868 | |
| MAexp7: | 24.3268 | |
| MAexp20: | 24.2822 | |
| MAexp50: | 24.2794 | |
| MAexp100: | 24.3655 | |
| Price / MA7: | -0.25% | |
| Price / MA20: | -1.01% | |
| Price / MA50: | -1.47% | |
| Price / MA100: | -0.12% | |
| Price / MAexp7: | +0.54% | |
| Price / MAexp20: | +0.73% | |
| Price / MAexp50: | +0.74% | |
| Price / MAexp100: | +0.38% |
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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