Bears are looking to avoid another upward reversal from the pair and are determined to bring the pair lower towards its support. Unlike other currencies in the region, the Czech koruna has been significantly lagging behind in terms of performance against the euro. The main reason for its prior weakness is the negativity around Czech bonds. Earlier this month, the...
Possible SHS on EURCZK and the end of the uptrend after some rejections, i'm shorting since 27,40 and i think we can see 25,80 let's see what happens :)
Pattern: Parabolic rise on 1D. Signal: Bullish either if the 0 Fibonacci level breaks or if contact is made with the Buy Zone. Target: 28.7500 (the -0.236 Fibonacci).
The pair will fail to break down from a “Falling Widening Wedge” pattern resistance line. The European Union is due to publish major reports today, February 27. Among these reports were European Business Climate and European Consumer Confidence. The two (2) reports posted negative results on the previous month. These figures reflect the current economic status of...
BUY EUR/CZK Entry 1 24.77800 Entry 2 24.62010 Sl 24.58000 Tp.1 24.85000 Tp.2 24.95000 Tp.3 25.10000 Tp.4 25.25000 TP.5 25.50000
The pair will retest a key resistance line after hitting its 88-month low. Bulgaria is now in a waiting game after the country changes its legislation to allow its accession to the eurozone. If the Balkan country fulfilled the requirements for the euro currency adoption, it will be its 20th member. International Monetary Fund (IMF) President Kristalina Georgieva...
Pattern: 1M Descending Triangle. Signal: Bullish as the price is consolidating near the 1M Support while making a bullish divergence on the 1D RSI. Target: 25.8000 (below the symmetrical Resistances).
The pair is trading within a multi month Rectangle with 25.4100 being the 1M Support. This month 1D has succeeded at pricing a bottom on this support as it stopped the previous downtrend and consolidated (neutral RSI = 44.755, ADX = 16.849, CCI = -10.1188, highs/Lows = 0.0000). We are taking this as a strong long term buy signal with 25.8300 - 25.9000 as our...
price has been moving in a range for a while. Expect $ to buy from support #1 and head to resistance #2 and possibly resistance #3. HUGE BUY TO COME
Wait for pullback to complete then enter. Not financial advice!
In a bigger term, the price is consolidating, and reached the top line and got rejected. We are expecting a down movement.
EURO pairs have been in a downtrend for quite some time already, while most have had a recent retracement leaving you thinking that you might have missed out and the wide stop losses arent worth it, its worth looking into more exotic and not as popular pairs that still havent reacted or are yet to touch the critical price points. The entries for this specific...
The pair is trading on a year long 1W Descending Triangle with clear Lower Highs that provided optimal sell entries throughout 2019. We are currently on such a Lower High and with 1W neutral (RSI = 52.272, STOCH = 45.628, Williams = -46.569, Highs/Lows = 0.0000) we are targeting the top of the 1D Support zone (TP = 25.62400). Notice how a 1D Higher High sequence...
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.