The Euro has been appreciating against the Czech Koruna since the currency pair reversed from the lower boundary of a long-term ascending channel near the 25.40 mark. Given that the exchange rate is being supported by the 55-, 100– and 200-period SMAs (4H), it is expected that the rate targets the Fibonacci 0.00% retracement at 26.16. Technical indicators for...
The price is trading within a 1D Channel Up that is now on Higher Low level (RSI = 49.861, MACD = 0.107, Highs/Lows =-0.0169). Since every Higher High is -50% the value of the previous one, then the next TP should be near 23.22625.
The Euro has been appreciating against the Czech Koruna after the currency pair reversed from the lower boundary of a long-term ascending channel at 25.43. As apparent on the chart, the rate has been trading in a rising wedge since the end of September. The pair's neat movement in this pattern suggests that its next move should be north towards the Fibonacci...
The Czech Koruna has been appreciating against the Euro since the beginning of August after the pair reversed from the 2018 high at 26.14. This movement is bounded in a falling wedge. As apparent on the chart, the exchange rate reversed from the lower pattern line at 25.43. From the theoretical point of view, it is likely that a surge towards the upper boundary...
EURCZK is trading within a 1D Channel Down (RSI = 25.124, MACD = -0.042, Highs/Lows = -0.1628, B/BP = -0.2948) and is on its way to a Lower Low. We are short with TP = 25.2500.
I expect EURCZK will be 24,50 by the end of 2018 and than movement in a channel between 24 and 26 during 2019, /but more or less 24,50-25,50/ its more probable to reach 24 than 26 CZK /low than 23.50 we cannot go/
This is a aggressive long idea. Dollar continues to be strong. So using the pullback to the structure as a long opportunity. There is also an inside bar on 4H time frame. Could be used to play either way. Dan
The previous review of the EUR/CZK currency pair was concentrating on the fact that the pair was about to break the upper trend line of a junior descending pattern. It occurred on August 1 and the rate traded sideways in the aftermath of the breaking. On Thursday, the currency rate stopped the sideways movements and broke past the SMAs, which kept it lower for...
The EUR/CZK exchange rate has been trading in a channel-like formation since early 2018. The upper boundary of this pattern was tested on May 1 when the Euro reversed from the 25.75 mark. The pair’s subsequent movement has been downwards until 25.55 where the pair was located at the time of this analysis. Technical indicators are generally neutral, thus...
This is my basic view how I look at the market. I see there basic trends and trading ranges. I also apply Fibonacci Retracement. I have to look at minutes timeframes to say up or down.
Long NOKCZK @ 2.6952; TP @ 2.7491, SL your choice
Long CADCZK @ 16.932; TP @ 17.27, SL your choice
Short AUDCZK @ 17.00: TP @ 17.34, SL your choice
Short CZKHUF @ 12.00; TP @ 11.76, SL your choice
On FX, CNB will , if necessary, intervene to weaken the koruna to maintain the exchange rate of the koruna against the euro - in accordance with the decision of the Board - near the level of 27 CZK / EUR . CNB may , if necessary, intervene to defend its exchange rate commitment indefinitely and on the volume of purchases there is no limit . The CNB may , as a...