USD/CZK - 1H - Technical analysis published on 01/17/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 22.6255 CZK
My targets
22.7383 CZK (+0.0674)
22.7891 CZK (+0.1182)
My analysis
USD/CZK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 22.6255 CZK. The next resistance located at 22.7383 CZK is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 22.7891 CZK. After this resistance, buyers could then target 22.8479 CZK.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.3
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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 22.6709 CZK. The price has increased by +0.34% since the last closing and was between 22.5801 CZK and 22.6838 CZK. This implies that the price is at +0.40% from its lowest and at -0.06% from its highest.22.5801
22.6838
22.6709
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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. 75% 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
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
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 22.5362 | 22.5927 | 22.6255 | 22.6709 | 22.6933 | 22.7383 | 22.7891 |
| Change (%) | -0.59% | -0.34% | -0.20% | - | +0.10% | +0.30% | +0.52% |
| Change | -0.1347 | -0.0782 | -0.0454 | - | +0.0224 | +0.0674 | +0.1182 |
| 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 | 22.3629 | 22.4214 | 22.5080 | 22.5665 | 22.6531 | 22.7116 | 22.7982 |
| Camarilla | 22.5546 | 22.5679 | 22.5812 | 22.5945 | 22.6078 | 22.6211 | 22.6344 |
| Woodie | 22.3769 | 22.4284 | 22.5220 | 22.5735 | 22.6671 | 22.7186 | 22.8122 |
| Fibonacci | 22.4214 | 22.4769 | 22.5111 | 22.5665 | 22.6220 | 22.6562 | 22.7116 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.3181 | 22.4272 | 22.5710 | 22.6801 | 22.8239 | 22.9330 | 23.0768 |
| Camarilla | 22.6454 | 22.6685 | 22.6917 | 22.7149 | 22.7381 | 22.7613 | 22.7845 |
| Woodie | 22.3356 | 22.4359 | 22.5885 | 22.6888 | 22.8414 | 22.9417 | 23.0943 |
| Fibonacci | 22.4272 | 22.5238 | 22.5835 | 22.6801 | 22.7767 | 22.8364 | 22.9330 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.8477 | 22.2274 | 22.4582 | 22.8379 | 23.0687 | 23.4484 | 23.6792 |
| Camarilla | 22.5211 | 22.5771 | 22.6330 | 22.6890 | 22.7450 | 22.8009 | 22.8569 |
| Woodie | 21.7733 | 22.1902 | 22.3838 | 22.8007 | 22.9943 | 23.4112 | 23.6048 |
| Fibonacci | 22.2274 | 22.4606 | 22.6047 | 22.8379 | 23.0711 | 23.2152 | 23.4484 |
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): | 74.36 | |
| MACD (12,26,9): | 0.0232 | |
| Directional Movement: | 24.3117 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 22.6445 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.6116 | |
| Elder Ray (13): | 0.0394 | |
| Super Trend (3,10): | 22.5971 | |
| Zig ZAG (10): | 22.6726 | |
| VORTEX (21): | 1.1330 | |
| Stochastique (14,3,5): | 89.79 | |
| TEMA (21): | 22.6563 | |
| Williams %R (14): | -12.63 | |
| Chande Momentum Oscillator (20): | 0.0676 | |
| Repulse (5,40,3): | 0.1567 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0124 | |
| Courbe Coppock: | 0.36 |
| MA7: | 22.6348 | |
| MA20: | 22.7230 | |
| MA50: | 22.9212 | |
| MA100: | 23.1164 | |
| MAexp7: | 22.6427 | |
| MAexp20: | 22.6145 | |
| MAexp50: | 22.5916 | |
| MAexp100: | 22.6002 | |
| Price / MA7: | +0.16% | |
| Price / MA20: | -0.23% | |
| Price / MA50: | -1.09% | |
| Price / MA100: | -1.93% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +0.31% |
This member declared not having a position on this financial instrument or a related financial instrument.
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