Bullish Shark Pattern will be formed @25.51173 but i think it would better to wait for @25.42856.
Tp and stop level can be seen at the chart.
Good luck.
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 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/
Euro testing testing structure, and breakout of the downward short term trend line. Seem like a good opportunity to buy pullback. Stop loss bellow the recent swing low.
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...
The common European currency has recently met with the support of a medium scale ascending pattern against the Czech Krona. This event has resulted in the formation of a junior ascending pattern.
On Monday the currency rate was standing just below the resistance of the pattern. In addition, the resistance was strengthened by the 200-period SMA and the monthly...
The EURCZK is showing very strong downside pressure. A year ago price broke to the downside and it is still falling. On the weekly chart you can see the start of this drop after a long and tight consolidation.
On the daily chart you can see price just came back into the trendline again and it reactied with another sell off.
Clear support and resistance,...
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
