USD/CZK - 1H - Technical analysis published on 10/24/2019 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 22.9965 CZK
My targets
22.9214 CZK (-0.26%)
22.8767 CZK (-0.46%)
My analysis
In the short term, we can see an acceleration in the bearish trend on USD/CZK, which is a positive signal for sellers. As long as the price remains above 22.9965 CZK, a sale could be considered. The first bearish objective is located at 22.9214 CZK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 22.8767 CZK as an objective. Crossing it would then enable sellers to target 22.6919 CZK. If the price were to return above 22.9965 CZK, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CZK price is 22.9823 CZK. The price registered a decrease of -0.07% on the session with the lowest point at 22.9367 CZK and the highest point at 23.0168 CZK. The deviation from the price is +0.20% for the low point and -0.15% for the high point.22.9367
23.0168
22.9823
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of USD/CZK in 1H shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.6919 | 22.8767 | 22.9214 | 22.9823 | 22.9965 | 23.0961 | 23.2946 |
| Change (%) | -1.26% | -0.46% | -0.26% | - | +0.06% | +0.50% | +1.36% |
| Change | -0.2904 | -0.1056 | -0.0609 | - | +0.0142 | +0.1138 | +0.3123 |
| Level | Minor | Intermediate | Intermediate | - | Minor | 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 | 22.8210 | 22.8950 | 22.9464 | 23.0204 | 23.0718 | 23.1458 | 23.1972 |
| Camarilla | 22.9632 | 22.9747 | 22.9862 | 22.9977 | 23.0092 | 23.0207 | 23.0322 |
| Woodie | 22.8096 | 22.8894 | 22.9350 | 23.0148 | 23.0604 | 23.1402 | 23.1858 |
| Fibonacci | 22.8950 | 22.9429 | 22.9725 | 23.0204 | 23.0683 | 23.0979 | 23.1458 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.2054 | 22.5734 | 22.7575 | 23.1255 | 23.3096 | 23.6776 | 23.8617 |
| Camarilla | 22.7897 | 22.8403 | 22.8909 | 22.9415 | 22.9921 | 23.0427 | 23.0933 |
| Woodie | 22.1134 | 22.5274 | 22.6655 | 23.0795 | 23.2176 | 23.6316 | 23.7697 |
| Fibonacci | 22.5734 | 22.7843 | 22.9146 | 23.1255 | 23.3364 | 23.4667 | 23.6776 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.9355 | 23.1008 | 23.3862 | 23.5515 | 23.8369 | 24.0022 | 24.2876 |
| Camarilla | 23.5476 | 23.5889 | 23.6302 | 23.6715 | 23.7128 | 23.7541 | 23.7954 |
| Woodie | 22.9955 | 23.1308 | 23.4462 | 23.5815 | 23.8969 | 24.0322 | 24.3476 |
| Fibonacci | 23.1008 | 23.2730 | 23.3794 | 23.5515 | 23.7237 | 23.8301 | 24.0022 |
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): | 42.69 | |
| MACD (12,26,9): | -0.0036 | |
| Directional Movement: | -13.4218 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 22.9973 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.0203 | |
| Elder Ray (13): | -0.0244 | |
| Super Trend (3,10): | 23.0364 | |
| Zig ZAG (10): | 22.9832 | |
| VORTEX (21): | 0.7158 | |
| Stochastique (14,3,5): | 34.44 | |
| TEMA (21): | 22.9861 | |
| Williams %R (14): | -61.49 | |
| Chande Momentum Oscillator (20): | -0.0264 | |
| Repulse (5,40,3): | -0.0364 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0003 | |
| Courbe Coppock: | 0.36 |
| MA7: | 23.0290 | |
| MA20: | 23.3293 | |
| MA50: | 23.3789 | |
| MA100: | 23.0884 | |
| MAexp7: | 22.9923 | |
| MAexp20: | 23.0003 | |
| MAexp50: | 22.9989 | |
| MAexp100: | 23.0280 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | -1.49% | |
| Price / MA50: | -1.70% | |
| Price / MA100: | -0.46% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.20% |
This member declared not having a position on this financial instrument or a related financial instrument.
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