USD/CZK - Daily - Technical analysis published on 12/08/2022 (GMT)
- 94
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 23.4329 CZK
My targets
22.9378 CZK (-0.1719)
22.4603 CZK (-0.6494)
My analysis
The bearish trend is currently very strong for USD/CZK. As long as the price remains below the resistance at 23.4329 CZK, you could try to take advantage of the bearish rally. The first bearish objective is located at 22.9378 CZK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 22.4603 CZK as an objective. Crossing it would then enable sellers to target 21.8624 CZK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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
The USD/CZK price is 23.1097 CZK. The price registered a decrease of -0.01% on the session with the lowest point at 23.1000 CZK and the highest point at 23.1512 CZK. The deviation from the price is +0.04% for the low point and -0.18% for the high point.23.1000
23.1512
23.1097
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this USD/CZK chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. 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.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami cross
Type : Bullish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.8624 | 22.4603 | 22.9378 | 23.1097 | 23.4329 | 24.1966 | 25.0794 |
| Change (%) | -5.40% | -2.81% | -0.74% | - | +1.40% | +4.70% | +8.52% |
| Change | -1.2473 | -0.6494 | -0.1719 | - | +0.3232 | +1.0869 | +1.9697 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | 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 | 22.7731 | 22.9122 | 23.0117 | 23.1508 | 23.2503 | 23.3894 | 23.4889 |
| Camarilla | 23.0455 | 23.0674 | 23.0892 | 23.1111 | 23.1330 | 23.1548 | 23.1767 |
| Woodie | 22.7532 | 22.9023 | 22.9918 | 23.1409 | 23.2304 | 23.3795 | 23.4690 |
| Fibonacci | 22.9122 | 23.0034 | 23.0597 | 23.1508 | 23.2420 | 23.2983 | 23.3894 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.3835 | 22.7441 | 22.9393 | 23.2999 | 23.4951 | 23.8557 | 24.0509 |
| Camarilla | 22.9817 | 23.0326 | 23.0836 | 23.1345 | 23.1855 | 23.2364 | 23.2874 |
| Woodie | 22.3008 | 22.7028 | 22.8566 | 23.2586 | 23.4124 | 23.8144 | 23.9682 |
| Fibonacci | 22.7441 | 22.9564 | 23.0876 | 23.2999 | 23.5122 | 23.6434 | 23.8557 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.6178 | 21.9089 | 22.6320 | 23.9231 | 24.6462 | 25.9373 | 26.6604 |
| Camarilla | 22.8012 | 22.9858 | 23.1705 | 23.3551 | 23.5397 | 23.7244 | 23.9090 |
| Woodie | 20.3338 | 21.7669 | 22.3480 | 23.7811 | 24.3622 | 25.7953 | 26.3764 |
| Fibonacci | 21.9089 | 22.6783 | 23.1537 | 23.9231 | 24.6925 | 25.1679 | 25.9373 |
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): | 33.01 | |
| MACD (12,26,9): | -0.3102 | |
| Directional Movement: | -15.1318 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 23.0679 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.5285 | |
| Elder Ray (13): | -0.2044 | |
| Super Trend (3,10): | 23.8445 | |
| Zig ZAG (10): | 23.1130 | |
| VORTEX (21): | 0.8238 | |
| Stochastique (14,3,5): | 19.44 | |
| TEMA (21): | 23.0012 | |
| Williams %R (14): | -85.08 | |
| Chande Momentum Oscillator (20): | -0.5016 | |
| Repulse (5,40,3): | -0.4993 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1998 | |
| Courbe Coppock: | 3.26 |
| MA7: | 23.1786 | |
| MA20: | 23.4057 | |
| MA50: | 24.2447 | |
| MA100: | 24.3605 | |
| MAexp7: | 23.2055 | |
| MAexp20: | 23.4903 | |
| MAexp50: | 23.9512 | |
| MAexp100: | 24.0552 | |
| Price / MA7: | -0.30% | |
| Price / MA20: | -1.26% | |
| Price / MA50: | -4.68% | |
| Price / MA100: | -5.13% | |
| Price / MAexp7: | -0.41% | |
| Price / MAexp20: | -1.62% | |
| Price / MAexp50: | -3.51% | |
| Price / MAexp100: | -3.93% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis USD/CZK - Daily