USD/CZK - 1H - Technical analysis published on 12/18/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 22.8898 CZK
My targets
23.0134 CZK (+0.0814)
23.0596 CZK (+0.1276)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on USD/CZK. This is a positive signal for buyers. As long as the price remains above 22.8898 CZK, a purchase could be considered. The first bullish objective is located at 23.0134 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 23.0596 CZK as an objective. Crossing it would then enable buyers to target 23.1368 CZK. In the event of a return below 22.8898 CZK, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
7
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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
USD/CZK rating 22.9320 CZK. On the day, this instrument gained +0.54% and was traded between 22.8056 CZK and 22.9536 CZK over the period. The price is currently at +0.55% from its lowest and -0.09% from its highest.22.8056
22.9536
22.9320
Here is a more detailed summary of the historical variations registered by USD/CZK:
Technical
Technical analysis of this 1H chart of USD/CZK indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
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
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.8077 | 22.8479 | 22.8898 | 22.9320 | 23.0134 | 23.0596 | 23.1368 |
| Change (%) | -0.54% | -0.37% | -0.18% | - | +0.35% | +0.56% | +0.89% |
| Change | -0.1243 | -0.0841 | -0.0422 | - | +0.0814 | +0.1276 | +0.2048 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.6433 | 22.7095 | 22.7587 | 22.8249 | 22.8741 | 22.9403 | 22.9895 |
| Camarilla | 22.7762 | 22.7867 | 22.7973 | 22.8079 | 22.8185 | 22.8291 | 22.8396 |
| Woodie | 22.6348 | 22.7053 | 22.7502 | 22.8207 | 22.8656 | 22.9361 | 22.9810 |
| Fibonacci | 22.7095 | 22.7536 | 22.7808 | 22.8249 | 22.8690 | 22.8962 | 22.9403 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.4373 | 22.6124 | 22.7563 | 22.9314 | 23.0753 | 23.2504 | 23.3943 |
| Camarilla | 22.8124 | 22.8416 | 22.8709 | 22.9001 | 22.9293 | 22.9586 | 22.9878 |
| Woodie | 22.4216 | 22.6046 | 22.7406 | 22.9236 | 23.0596 | 23.2426 | 23.3786 |
| Fibonacci | 22.6124 | 22.7343 | 22.8096 | 22.9314 | 23.0533 | 23.1286 | 23.2504 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.4710 | 22.6496 | 22.9202 | 23.0988 | 23.3694 | 23.5480 | 23.8186 |
| Camarilla | 23.0672 | 23.1084 | 23.1495 | 23.1907 | 23.2319 | 23.2731 | 23.3142 |
| Woodie | 22.5169 | 22.6726 | 22.9661 | 23.1218 | 23.4153 | 23.5710 | 23.8645 |
| Fibonacci | 22.6496 | 22.8212 | 22.9272 | 23.0988 | 23.2704 | 23.3764 | 23.5480 |
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): | 65.86 | |
| MACD (12,26,9): | 0.0232 | |
| Directional Movement: | 23.4137 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 22.8996 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.9523 | |
| Elder Ray (13): | 0.0170 | |
| Super Trend (3,10): | 22.8635 | |
| Zig ZAG (10): | 22.9144 | |
| VORTEX (21): | 1.1736 | |
| Stochastique (14,3,5): | 68.93 | |
| TEMA (21): | 22.9217 | |
| Williams %R (14): | -27.83 | |
| Chande Momentum Oscillator (20): | 0.0792 | |
| Repulse (5,40,3): | 0.0701 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0101 | |
| Courbe Coppock: | 0.75 |
| MA7: | 22.8885 | |
| MA20: | 23.0314 | |
| MA50: | 23.0717 | |
| MA100: | 23.2188 | |
| MAexp7: | 22.9044 | |
| MAexp20: | 22.8737 | |
| MAexp50: | 22.8586 | |
| MAexp100: | 22.8754 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | -0.43% | |
| Price / MA50: | -0.61% | |
| Price / MA100: | -1.24% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.32% | |
| Price / MAexp100: | +0.25% |
This member declared not having a position on this financial instrument or a related financial instrument.
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