CZKUSD trade ideas
USDCZK bearishPRice approaches a psychological barrier at 20.000. If broken I will expect more weakness. I've been shorting this cross since summer 2017. Unfortunatelly got bored during the consolidation and got out with some profit. Now back with a small position, waiting for more confirmation.
This is a long term view. I don't care about intraday moves.
usdczk shortshorting on retest of the previous support/ resist level.. expecting short to the diagonal yellow line ( long term trend line)
Long Term View This is my basic view how I look at the market.
I see there basic trends and trading ranges.
I also apply Fibonacci Retracement.
I have to look at minutes timeframes to say up or down.
USDCZK - Sell setup is in the progress and Buy at the 0.786USDCZK seems to be making a bigger correction than previously forecasted.
We are in position and about to take it off with profit when and if it starts
to pullback as shown in the chart.
long tp asteriod belt if no patience tp 23.100 if patience and greed , use it on 23.100 survive first reaction (rejection series) and get max tp turing peak thru 23.445
USD/CZKUSD/CZK, break out is coming. Bullish trend will propably passed a resistence level in 2020-2022.
usdczk...sell after pullback ending enter to sell position after a bearish candle below the s/r zone
USDCZK - Possible reboundAfter a sharply fall with bearish divergence, price is approaching to key support level 21.235 which coincides with 0.61% fibo since the last push at 18.56 in October 2013. Good opportunity for following the progress of the pair and catch a rebound.
usdczk....selling after pullback ending it can be a pullback to broken level ...enter to sell after ending that and good bearish candle below the colored zone
Descending trendline in USD/CZK (Daily chart) We can see a descending trendline. Since June 15, 2016 price is stabilizing in a sideway zone.
Descending trendline in USD/CZK (Daily chart)We can watch a descending trend. Since June 15,2017 the price is stabilizing in a sideway zone.
Strength in the Eastern Block EM CCY's?Emerging Market currencies: CZK, HUF, RON all showing correlated strength versus the USD. Possibly all about to hit resistance levels - interesting to see how they react and if they can maintain their strength.
3.28USDCZK ShareUSDCZK line level head and shoulders, according to the forecast the dollar will continue to fall below the two line to measure target
