USD/CZK
USD CZK
- CZK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: USDCZK
ISIN:

USD/CZK - 1H - Technical analysis published on 03/27/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bearish
De fond: Strongly bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 24.7876 CZK
My targets
24.5260 CZK (-0.1594)
24.3106 CZK (-0.3748)
My analysis
The bearish basic trend is very strong on USD/CZK but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 24.7876 CZK. Crossing the first support at 24.5260 CZK would be a sign of a further potential price plummet. Sellers would then use the next support located at 24.3106 CZK as an objective. Crossing it would then enable sellers to target 23.4180 CZK. Caution, a return to above the resistance located at 24.7876 CZK would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/CZK rating is 24.6854 CZK. On the day, this instrument lost +0.35% and was between 24.5077 CZK and 24.8509 CZK. This implies that the price is at +0.73% from its lowest and at -0.67% from its highest.

24.5077
24.8509
24.6854

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by USD/CZK:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this USD/CZK chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 23.4180 24.3106 24.5260 24.6854 24.7876 25.0184 25.3075
Change (%) -5.13% -1.52% -0.65% - +0.41% +1.35% +2.52%
Change -1.2674 -0.3748 -0.1594 - +0.1022 +0.3330 +0.6221
Level Major Minor Intermediate - Minor Minor 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
Standard23.684224.129224.364124.809125.044025.489025.7239
Camarilla24.411924.474324.536624.598924.661224.723624.7859
Woodie23.579124.076724.259024.756624.938925.436525.6188
Fibonacci24.129224.389024.549424.809125.068925.229325.4890


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.335822.394223.966925.025326.598027.656429.2291
Camarilla24.816025.057125.298325.539525.780726.021926.2631
Woodie21.592922.522824.224025.153926.855127.785029.4862
Fibonacci22.394223.399324.020325.025326.030426.651427.6564


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.938022.275222.680123.017323.422223.759424.1643
Camarilla22.881022.949123.017123.085123.153123.221223.2892
Woodie21.972022.292122.714123.034223.456223.776324.1983
Fibonacci22.275222.558722.733823.017323.300823.475923.7594

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): 45.49
MACD (12,26,9): -0.1138
Directional Movement: 3.2834
AROON (14): 35.7143
DEMA (21): 24.5346
Parabolic SAR (0,02-0,02-0,2): 24.5171
Elder Ray (13): 0.0850
Super Trend (3,10): 24.7803
Zig ZAG (10): 24.7029
VORTEX (21): 0.8215
Stochastique (14,3,5): 60.74
TEMA (21): 24.5487
Williams %R (14): -44.90
Chande Momentum Oscillator (20): 0.0586
Repulse (5,40,3): 0.0923
ROCnROLL: -1
TRIX (15,9): -0.0874
Courbe Coppock: 0.89
MA7: 25.3660
MA20: 24.0302
MA50: 23.3659
MA100: 23.1434
MAexp7: 24.6187
MAexp20: 24.6973
MAexp50: 24.9516
MAexp100: 25.1349
Price / MA7: -2.68%
Price / MA20: +2.73%
Price / MA50: +5.65%
Price / MA100: +6.66%
Price / MAexp7: +0.28%
Price / MAexp20: -0.04%
Price / MAexp50: -1.06%
Price / MAexp100: -1.78%

This member declared not having a position on this financial instrument or a related financial instrument.

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