USD/CZK - 1H - Technical analysis published on 02/13/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 22.9023 CZK
My targets
23.0866 CZK (+0.1595)
23.2215 CZK (+0.2944)
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 22.9023 CZK. The next resistance located at 23.0866 CZK is the next bullish objective 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 23.2215 CZK. After this resistance, buyers could then target 23.4180 CZK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.4
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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 rating is 22.9271 CZK. The price has increased by +0.35% since the last closing with the lowest point at 22.8391 CZK and the highest point at 22.9528 CZK. The deviation from the price is +0.39% for the low point and -0.11% for the high point.22.8391
22.9528
22.9271
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this USD/CZK chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
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 2
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.8135 | 22.8651 | 22.9023 | 22.9271 | 22.9308 | 23.2215 | 23.4180 |
| Change (%) | -0.50% | -0.27% | -0.11% | - | +0.02% | +1.28% | +2.14% |
| Change | -0.1136 | -0.0620 | -0.0248 | - | +0.0037 | +0.2944 | +0.4909 |
| Level | Intermediate | Intermediate | Minor | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.6698 | 22.7124 | 22.7800 | 22.8226 | 22.8902 | 22.9328 | 23.0004 |
| Camarilla | 22.8174 | 22.8275 | 22.8376 | 22.8477 | 22.8578 | 22.8679 | 22.8780 |
| Woodie | 22.6824 | 22.7187 | 22.7926 | 22.8289 | 22.9028 | 22.9391 | 23.0130 |
| Fibonacci | 22.7124 | 22.7545 | 22.7805 | 22.8226 | 22.8647 | 22.8907 | 22.9328 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.4010 | 22.5066 | 22.6910 | 22.7966 | 22.9810 | 23.0866 | 23.2710 |
| Camarilla | 22.7956 | 22.8221 | 22.8487 | 22.8753 | 22.9019 | 22.9285 | 22.9551 |
| Woodie | 22.4403 | 22.5263 | 22.7303 | 22.8163 | 23.0203 | 23.1063 | 23.3103 |
| Fibonacci | 22.5066 | 22.6174 | 22.6859 | 22.7966 | 22.9074 | 22.9759 | 23.0866 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.9694 | 22.2143 | 22.4766 | 22.7215 | 22.9838 | 23.2287 | 23.4910 |
| Camarilla | 22.5995 | 22.6460 | 22.6925 | 22.7390 | 22.7855 | 22.8320 | 22.8785 |
| Woodie | 21.9782 | 22.2187 | 22.4854 | 22.7259 | 22.9926 | 23.2331 | 23.4998 |
| Fibonacci | 22.2143 | 22.4080 | 22.5277 | 22.7215 | 22.9152 | 23.0349 | 23.2287 |
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): | 62.44 | |
| MACD (12,26,9): | 0.0197 | |
| Directional Movement: | 8.9440 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 22.8946 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.8495 | |
| Elder Ray (13): | 0.0420 | |
| Super Trend (3,10): | 22.8292 | |
| Zig ZAG (10): | 22.9350 | |
| VORTEX (21): | 1.1334 | |
| Stochastique (14,3,5): | 82.04 | |
| TEMA (21): | 22.9129 | |
| Williams %R (14): | -19.26 | |
| Chande Momentum Oscillator (20): | 0.0673 | |
| Repulse (5,40,3): | 0.1701 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0080 | |
| Courbe Coppock: | 0.41 |
| MA7: | 22.8543 | |
| MA20: | 22.8035 | |
| MA50: | 22.8011 | |
| MA100: | 22.9904 | |
| MAexp7: | 22.8981 | |
| MAexp20: | 22.8733 | |
| MAexp50: | 22.8583 | |
| MAexp100: | 22.8511 | |
| Price / MA7: | +0.32% | |
| Price / MA20: | +0.54% | |
| Price / MA50: | +0.55% | |
| Price / MA100: | -0.28% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.33% |
This member declared not having a position on this financial instrument or a related financial instrument.
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