EUR/CZK

Streaks of signals pop up to short EUR/CZK – Falling wedge, whipsaws with bearish EMA crossover indicate extreme weakness: EURCZK spot prices slide in falling wedge formation, as and when the abrupt upswings are observed the bears have been active at 21DMA (on the daily chart). Very recently, you could very well observe the failure swings occurred exactly at ...

Just connecting some dots

SL 26.6981 TP 26.6348

SL 26.4539 TP 26.7501

Strong move after central bank 27.00 cap removal. Looking to short from 26.89 for 26.20 against 27.30

SL 26.5186 TP 27.0189

intervence CNB

BANG

1st TP @ 26.4 R/R = 5.8

Purely technically speaking I would say that you watch out for a technical correction. Another rise should be possible until around 27.50 which is the low of December 2006. But then take into account that this sharp rise is not from another world. It is -whatever the reason of the breakout of the more than 5 year old range might be- the end of an ABC-wave June ...