USDCZK video top-down AnalysisHello everyone, here is the top-down analysis for USDCZK, feel free to request any pair/instrument or ask any questions in the comment section below. If you like the idea, do not forget the like! Best of luck!Short01:25by TheSignalyst2
Czech Republic's Consumer Price Index reportsThe pair will fail to break out from a major downtrend resistance line, which will send the pair lower towards its previous low. While western Europe is struggling to revive its economy, its eastern counterpart led by the V4 nations is helping the region to go back to its feet. The Czech Republic posted its Consumer Price Index reports on Friday, October 16. The CPI MoM report managed to pull itself after it grew by 0.2% from the decline of -0.3% for the month of August. Meanwhile, the country’s year-over-year figure for CPI made a slight improvement from -0.5% to -0.4% for September. Another report that supports Czechia’s recovery was its inflation rate report. Poland, Hungary, and the Czech Republic posted 3.8%, 3.4%, and 3.3% inflation, respectively. All of whom managed to reach their inflation target of +-3.05. Investors are expected to push the Czech Koruna higher against the US dollar due to the uncertainty brought by the US elections.Shortby Financebroker1
USDCZKjust a possibility of what can potentially happen a consolidation before a drop to the daily support or it can directly just dropShortby acelestin405
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%.Shortby Financebroker0
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!!Shortby MicKi4
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. Shortby InkyGrip6