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USDCZK

The improvements seen by the Czech economyThe improvements seen by the Czech economy is helping bearish investors keep the USD/CZK pair grounded. Prices aren’t expected to rise anytime soon and are on track to crash towards their support level by the first few days of September. The move should push the 50-day moving average much lower against the 200-day moving average, suggesting a strong market for bears. Earlier this month, the Czech National Bank announced that it would leave its rates unmoved at 0.25% as expected. The move momentarily slowed down the Czech koruna but the significantly better than projected CPI results from the Czech Republic helped it to eventually regain its footing. On the other hand, the lackluster results produced by the US monthly retail sales report for July have caused the greenback to further lose its poise. The US retail sales dramatically went down from 8.4% to 1.2%, coming in much lower than prior expectations of about 1.9%.
Short
by Financebroker
USDCZK huge potential on the downsideExpect a retest of support in the next few days. Then there will be 2 scenarios : A) Price bounce marking a double bottom and possible bull run or back to the range B) Support is broken -> Ideal scenario as this would open up a huge gap to the downside How to trade it? Well, I have entered on the break of 4H support and will reassess when D support is reached. Another possibility is to wait until support is reached and then assess there, the R:R will still be great. If using this option u can wait for a long bullish candle to enter long or for a break (or break and retest) to enter short. Theres no right or wrong as long as u follow a plan. If you have any questions please leave them in comments. Did you like the idea?? Give us a thumbs up!! Do you have a different view and analysis? Let us know in the comments. I love to be proven wrong. It is the only way to become better. Remember that trading is only part of your life. Do not spend all day in front of the screen!! Surf, Trade, Live!!
Short
by MicKi
USDCZK ready or not? -> Follow the Shrimp 🦐 The market after a sharp drop retrace till the 0.382 fib level and hit the ema 21. At the moment market is breaking the support trend line and when it will break and close below he structure we can set a short order according to our rules. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
USDCZK Short it and forget about itHi there! Once again, all explanations are in the chart. Pretty simple setup to be honest. If the pair closes above most recent swing high the idea will be invalidated. If you have any questions please leave them in comments. Did you like the idea?? Give us a thumbs up!! Do you have a different view and analysis? Let us know in the comments. I love to be proven wrong. It is the only way to become better. Remember that trading is only part of your life. Do not spend all day in front of the screen!! Surf, Trade, Live!!
Short
by MicKi
USDCZK | Evening StarPlease support this idea with LIKE if you find it useful. Price was rejected by the Higher Boundary of the Descending Channel and formed the Evening Star bearish candlestick pattern. If price loses the mid line of the Descending Channel we can initiate a short position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable! Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
Short
by Anpu
1
USDCZK technicaly based forecast 📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 USDCZK technicaly based idea, we can see price is bounce from bottom trend line, candels formation strong bulish, technicaly indicators showing we can expect higher push up in price exepcting push till top trend line. 📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment! Thanks on supporting! All best, good luck!
by UnknownUnicorn3983388
2
The CZK's attempt to recover continuously gets foiled by the USDIn the recent sessions, it has been a constant tug of war between bulls and bears for the USD/CZK pair. The Czech koruna’s attempt to recover continuously gets foiled by the US dollar. However, the results from the Czech Republic’s unemployment rate caught investors off guard as it remains unmoved for the month of March. The results from the unemployment rate prevented the greenback from pulling the pair higher this Wednesday. However, it’s still believed that the pair will eventually climb back up to its resistance levels by the half-way mark of the month. Despite recent contractions, the pair is running on bullish territories as the 50-day moving average continues to advance against the 200-day moving average. Meanwhile, the US dollar remains prominent in the foreign exchange market despite the massive surge in the number of coronavirus cases in the United States, which is now the country with the highest number of cases.
Long
by Financebroker
USD/CZK failed to breakout from a key resistance lineThe pair failed to breakout from a key resistance line, sending the pair lower towards a major support line. Analysts are worried from their forecasted figures for the Consumer Price Index (CPI) report year-over-year (YoY). This was amid three (3) consecutive figures of 2.3% on the report. The US inflation target were between 1.7% and 2.0%. A figure higher or lower than the range will cause a spike or a significant drop in the value of basic goods. The last time the US have reached the target was on December 2017. Meanwhile, Czech Statistics Office for foreign workers, which made up 13% of the labor force, doubled in ten (10) years. The increased productivity and record-level unemployment figures is good for the Czech Koruna. Majority of the foreign workers in Prague were from Ukraine, Slovakia, and Vietnam. The increased US military activity on the eastern bloc will boost employment in eastern European country.
Short
by Financebroker