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

USD/CZK - 1H - Technical analysis published on 04/10/2024 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 23.6091 CZK
My targets
23.9220 CZK (+0.2425)
24.1831 CZK (+0.5036)
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 23.6091 CZK. The buyers' bullish objective is set at 23.9220 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 24.1831 CZK. If there is any crossing, the next objective would be the resistance located at 26.0304 CZK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
8.4

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

USD/CZK rating 23.6795 CZK. On the day, this instrument gained +1.16% and was traded between 23.3204 CZK and 23.7088 CZK over the period. The price is currently at +1.54% from its lowest and -0.12% from its highest.

23.3204
23.7088
23.6795

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by USD/CZK:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of USD/CZK in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 23.4927 23.5363 23.6091 23.6795 24.1831 26.0304
Change (%) -0.79% -0.60% -0.30% - +2.13% +9.93%
Change -0.1868 -0.1432 -0.0704 - +0.5036 +2.3509
Level Minor Minor Intermediate - Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.240023.283423.345323.388723.450623.494023.5559
Camarilla23.378123.387823.397523.407123.416823.426423.4361
Woodie23.249223.288023.354523.393323.459823.498623.5651
Fibonacci23.283423.323723.348523.388723.429023.453823.4940


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.845623.047923.204423.406723.563223.765523.9220
Camarilla23.262123.295023.327923.360823.393723.426623.4595
Woodie22.822623.036523.181423.395323.540223.754123.8990
Fibonacci23.047923.185023.269723.406723.543823.628523.7655


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.563122.772523.094123.303523.625123.834524.1561
Camarilla23.269623.318323.366923.415623.464323.513023.5616
Woodie22.619122.800623.150123.331623.681123.862624.2121
Fibonacci22.772522.975423.100723.303523.506423.631723.8345

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 73.51
MACD (12,26,9): 0.0799
Directional Movement: 27.0423
AROON (14): 50.0000
DEMA (21): 23.6310
Parabolic SAR (0,02-0,02-0,2): 23.4833
Elder Ray (13): 0.1015
Super Trend (3,10): 23.5526
Zig ZAG (10): 23.6791
VORTEX (21): 1.3155
Stochastique (14,3,5): 91.99
TEMA (21): 23.6867
Williams %R (14): -7.39
Chande Momentum Oscillator (20): 0.3005
Repulse (5,40,3): 0.1695
ROCnROLL: 1
TRIX (15,9): 0.0318
Courbe Coppock: 2.10
MA7: 23.4302
MA20: 23.3551
MA50: 23.3478
MA100: 22.9325
MAexp7: 23.6439
MAexp20: 23.5388
MAexp50: 23.4573
MAexp100: 23.4232
Price / MA7: +1.06%
Price / MA20: +1.39%
Price / MA50: +1.42%
Price / MA100: +3.26%
Price / MAexp7: +0.15%
Price / MAexp20: +0.60%
Price / MAexp50: +0.95%
Price / MAexp100: +1.09%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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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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