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Czechkoruna

USD/CZK - Bullish W Pattern - analysisHello traders and community, today I will tell you shortly about situation of USD/CZK Trend analysis - As you can see from the USD/CZK daily chart, we are currently forming bullish W pattern (yellow line) and also short versions of W pattern, that's why most of factors shows us about possible bullish scenario in long term. Resistance level from Fibonacci Retracement Analysis stays on 23,48 price level and Support level remains on 21,28 price level. Global trend of this pair is still bullish and therefore I recommend as a trader to open positions only if you are prepared for long time scenario (as you can see from the white lane) and close position near 23,48 price level. On the other hand for short period of time I recommend to keep tracking correct and trustworthy signals for opening positions. Chart pattern - Bullish W pattern formation (functioning) Technical indicators - RSI: market is overbought right now, that's why we are returning in borders (Bearish signal) - MACD: market is bullish cause of MA lines are still enough close to each other and overall trend is going uptrend (Bullish signal) - BB: Volatility of the market started increasing after range movement accomplished (Bullish signal) - MA (10,20): MA10 is above the level of MA20 and moving upward (Bull signal) = Bullish movement prevails Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention! Tell us about your opinion for making better decisions in trading :) P.S.: Information provided is only educational and should not be used to take action in the market.
Long
by PrizesRises
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!!
Short
by MicKi
USDCZK Short it and forget about itHi there! Once again, all explanations are in the chart. Pretty simple setup to be honest. If the pair closes above most recent swing high the idea will be invalidated. 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!!
Short
by MicKi
USDCZK | Evening StarPlease support this idea with LIKE if you find it useful. Price was rejected by the Higher Boundary of the Descending Channel and formed the Evening Star bearish candlestick pattern. If price loses the mid line of the Descending Channel we can initiate a short position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable! Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
Short
by Anpu
1
EURCZK: Buy opportunity (long term).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 Target Zone. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
USDCZK: Structured Long term Buy opportunity.The pair is trading within a +1.5years Channel Up (1M RSI = 52.074, MACD = -0.009, Highs/Lows = 0.0000, ADX = 35.324). This month it extended the rebound of the last Higher Low and also held the 1D MA200 (orange line). Even though the 1D MA50 is applying Resistance at the moment, we are expecting a steady uptrend within the blue shaded area, in the same manner as the previous time. Our Target Zone is 23.6900 - 23.8350. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
EURCZK: Sell opportunity on the Descending Triangle.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 (curves) precedes every Lower High rejection on 1W. Similar formation printed in April. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope