USD/CZK - 1H - Technical analysis published on 02/28/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 23.2219 CZK
My targets
23.0703 CZK (-0.0483)
22.9441 CZK (-0.1745)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 23.2219 CZK remains possible. It is advisable to trade USD/CZK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 23.2219 CZK. The next bearish objective for sellers is set at 23.0703 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 22.9441 CZK. In case of crossing, the next objective would be the support located at 22.7253 CZK. PS: if there is a bullish break in the resistance located at 23.2219 CZK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
0.7
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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 23.1186 CZK. The price registered an increase of +0.45% on the session and was traded between 22.9669 CZK and 23.2362 CZK over the period. The price is currently at +0.66% from its lowest and -0.51% from its highest.22.9669
23.2362
23.1186
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 this 1H chart of USD/CZK indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. 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
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 22.7253 | 22.9441 | 23.0703 | 23.1186 | 23.1336 | 23.2219 | 23.2599 |
| Change (%) | -1.70% | -0.75% | -0.21% | - | +0.06% | +0.45% | +0.61% |
| Change | -0.3933 | -0.1745 | -0.0483 | - | +0.0150 | +0.1033 | +0.1413 |
| Level | Minor | Major | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.5737 | 22.7727 | 22.8937 | 23.0927 | 23.2137 | 23.4127 | 23.5337 |
| Camarilla | 22.9266 | 22.9559 | 22.9853 | 23.0146 | 23.0439 | 23.0733 | 23.1026 |
| Woodie | 22.5346 | 22.7532 | 22.8546 | 23.0732 | 23.1746 | 23.3932 | 23.4946 |
| Fibonacci | 22.7727 | 22.8950 | 22.9705 | 23.0927 | 23.2150 | 23.2905 | 23.4127 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.4679 | 22.6583 | 22.8795 | 23.0699 | 23.2911 | 23.4815 | 23.7027 |
| Camarilla | 22.9874 | 23.0251 | 23.0629 | 23.1006 | 23.1383 | 23.1761 | 23.2138 |
| Woodie | 22.4832 | 22.6660 | 22.8948 | 23.0776 | 23.3064 | 23.4892 | 23.7180 |
| Fibonacci | 22.6583 | 22.8156 | 22.9127 | 23.0699 | 23.2272 | 23.3243 | 23.4815 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.65 | |
| MACD (12,26,9): | 0.0132 | |
| Directional Movement: | 2.2851 | |
| AROON (14): | 42.8572 | |
| DEMA (21): | 23.1157 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.0107 | |
| Elder Ray (13): | 0.0423 | |
| Super Trend (3,10): | 23.0133 | |
| Zig ZAG (10): | 23.1393 | |
| VORTEX (21): | 1.1089 | |
| Stochastique (14,3,5): | 76.64 | |
| TEMA (21): | 23.1482 | |
| Williams %R (14): | -41.37 | |
| Chande Momentum Oscillator (20): | 0.0461 | |
| Repulse (5,40,3): | -0.2173 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0038 | |
| Courbe Coppock: | 0.81 |
| MA7: | 23.1785 | |
| MA20: | 22.9922 | |
| MA50: | 22.8441 | |
| MA100: | 22.9480 | |
| MAexp7: | 23.1366 | |
| MAexp20: | 23.1079 | |
| MAexp50: | 23.1286 | |
| MAexp100: | 23.1534 | |
| Price / MA7: | -0.26% | |
| Price / MA20: | +0.55% | |
| Price / MA50: | +1.20% | |
| Price / MA100: | +0.74% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.16% |
This member declared not having a position on this financial instrument or a related financial instrument.
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