Londinia Opportunities Analyses - 09/27/2022 (GMT) USD/CZK - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 25.6095 CZK
My targets
25.7644 CZK (+0.1055)
26.0304 CZK (+0.3715)
My analysis
The bullish trend is currently very strong on USD/CZK. As long as the price remains above the support at 25.6095 CZK, you could try to benefit from the boom. The first bullish objective is located at 25.7644 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 26.0304 CZK as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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
8.2
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The USD/CZK rating is 25.6589 CZK. On the day, this instrument gained +0.21% and was traded between 25.4648 CZK and 25.7205 CZK over the period. The price is currently at +0.76% from its lowest and -0.24% from its highest.25.4648
25.7205
25.6589
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
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
Technical analysis of this 1H chart of USD/CZK indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 25.1437 | 25.3827 | 25.6095 | 25.6589 | 25.7644 | 26.0304 |
| Change (%) | -2.01% | -1.08% | -0.19% | - | +0.41% | +1.45% |
| Change | -0.5152 | -0.2762 | -0.0494 | - | +0.1055 | +0.3715 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major |
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 | 24.9531 | 25.1472 | 25.3761 | 25.5702 | 25.7991 | 25.9932 | 26.2221 |
| Camarilla | 25.4886 | 25.5274 | 25.5661 | 25.6049 | 25.6437 | 25.6825 | 25.7212 |
| Woodie | 24.9704 | 25.1559 | 25.3934 | 25.5789 | 25.8164 | 26.0019 | 26.2394 |
| Fibonacci | 25.1472 | 25.3088 | 25.4087 | 25.5702 | 25.7318 | 25.8317 | 25.9932 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.6436 | 24.0158 | 24.7102 | 25.0824 | 25.7768 | 26.1490 | 26.8434 |
| Camarilla | 25.1112 | 25.2090 | 25.3067 | 25.4045 | 25.5023 | 25.6000 | 25.6978 |
| Woodie | 23.8046 | 24.0964 | 24.8712 | 25.1630 | 25.9378 | 26.2296 | 27.0044 |
| Fibonacci | 24.0158 | 24.4233 | 24.6750 | 25.0824 | 25.4899 | 25.7416 | 26.1490 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.1539 | 22.8049 | 23.6113 | 24.2623 | 25.0687 | 25.7197 | 26.5261 |
| Camarilla | 24.0169 | 24.1505 | 24.2841 | 24.4177 | 24.5513 | 24.6849 | 24.8185 |
| Woodie | 22.2316 | 22.8438 | 23.6890 | 24.3012 | 25.1464 | 25.7586 | 26.6038 |
| Fibonacci | 22.8049 | 23.3616 | 23.7056 | 24.2623 | 24.8190 | 25.1630 | 25.7197 |
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): | 62.02 | |
| MACD (12,26,9): | 0.0319 | |
| Directional Movement: | 8.6464 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 25.6439 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.5098 | |
| Elder Ray (13): | 0.0579 | |
| Super Trend (3,10): | 25.4474 | |
| Zig ZAG (10): | 25.6708 | |
| VORTEX (21): | 1.0004 | |
| Stochastique (14,3,5): | 80.87 | |
| TEMA (21): | 25.6246 | |
| Williams %R (14): | -24.72 | |
| Chande Momentum Oscillator (20): | 0.1103 | |
| Repulse (5,40,3): | 0.0157 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0136 | |
| Courbe Coppock: | 0.24 |
| MA7: | 25.1360 | |
| MA20: | 24.7569 | |
| MA50: | 24.4307 | |
| MA100: | 24.0119 | |
| MAexp7: | 25.6279 | |
| MAexp20: | 25.6019 | |
| MAexp50: | 25.5090 | |
| MAexp100: | 25.3270 | |
| Price / MA7: | +2.08% | |
| Price / MA20: | +3.64% | |
| Price / MA50: | +5.03% | |
| Price / MA100: | +6.86% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | +0.59% | |
| Price / MAexp100: | +1.31% |
Quotes :
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Real time data
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Forex