EURCZK#EURCZK currently the market is moving in a bullish channel. And its next move will be decided when it touches resistance.And breaks it out or not.
EURCZK trade ideas
BEARISH CALL This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Ever hear of the EURCZK currency pair??This look like a chart that's ready to see this currency pair take off!!! What do you think?
EURCZK BULLISH BAT FORMATIONBullish bat formation for Eurczk. Heard from a friend that the domestic situation is not really good in the country. I'm long on it.
EURCZK looking for new lows? 🦐EURCZK is moving inside a descending channel.
The market after the last retracement tested the resistance structure and now is above a minor support.
If the price will break below, according to Plancton's strategy, we can set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together
EURCZK short intraday setupOn the daily timeframe we again have a nice W formation and we are expecting the completion at the neckline. On the lower timeframes market is showing rejection to resistance and a deceleration, if we get a break and close below support we will take the short on the retest.
EUR/CZK Potential LongCould be a good long opportunity here if we see a bounce from the current support area. The sentiment is still quite bearish so must be cautious when looking to enter a trade. This level previously acted as support in August and this aligns with previous resistance looking further back. We are also at 0.618 Fibonacci. Before entering a long we need to look for the environment to start changing to be more bullish, look for the MACD to start approaching 0 and the EMA's to cross using daily and 4HR timeframes. If we see a rejection of this level the first target can be at 0.382 Fibonacci on the previous leg which would be 26.550
EURCZK; LONGHello, folks I decided to look at EURCZK pair and this is what I found, I expect this pair to make an upward movement. This is my own opinion. Ensure you use risk management when making your enteries. Remember retail traders tend to loss their trading capital.
EURCZKHello Traders, one of the few currency pairs not ranging within a channel at the moment is EURCZK.
We are currently below a dynamic trendline holding since February, in a steep bearish movement for EUR since the upper resistance was hit at the end of October. The retest already took place, and we think the two targets for the following days/weeks are 26.00 (a more conservative one), corresponding to the lower part of the Fibonacci retracement, and the more aggressive one at 25.56 , respectively.
EURCZK - one of the few clear forex pair trend right nowHello, in this time of uncertainty, one of the few pairs with a clearer pattern is EURCZK. It broke a trendline acting as the lower boundary of a big wedge.
T1 is the lower part of the Fibo retracement from 25 to 28
T2 is the fibo extension of the last down leg
EURCZK Long Analysis - November 7, 2020EURCZK
After a strong bearish week, EURCZK has made it's way down to a major support level.
The daily candle's indicates a likely chance for support to be created.
COVID waves and deprecition of Czech currencyAre the market thinking we in Czechia are out of the worst?
Czech Republic's Producer Price Index (PPI) reportThe pair will break down from an uptrend channel towards its previous low. A small recovery is better than no recovery at all. This is the scenario for the EUR/CZK pair. On Friday, October 16, Czech Republic published its Producer Price Index (PPI) reports. The month-over-month report posted a 0.2% growth for the month of September against a decline of -0.3% in August. Meanwhile, the YoY report was still in the negative territory at -0.4% but slightly higher than August’s result of -0.5%. The result also beat analysts’ estimates of -0.7%. Looking at France’s Thursday report for Consumer Price Index (CPI) reports, however, Czechia’s figures were better. The second-largest economy in Europe posted a -0.5% decline in its CPI MoM. This figure was the steepest decline in the said report since January 2019. On the other hand, the zero percent growth of the YoY report for CPI was the lowest result CPI YoY since March 2018.
Covid pushes downAll Euro area is being swept by the second wave of coronavirus. Czech republic is no different.
Cases topped 114,005 and the daily new infections are going parabolic. That would mean they will need to enforce some sort of lockdown strategy that will, in turn, affect their economy.
Technically speaking I see a bearish channel in which the pair is currently trading. Unless the pair breaks the channel headed for higher highs, I keep having a negative view on this one.
***As usual, not a trading advice, merely my view for informational and educational purposes only***
EUR/CZKRisky trade, there are not many bearish confluences. The cons are the bullish engulfing candle on the daily, the 4hr ema and the 1hr ema are against a short.
- Trend line break and retest
- Rising Wedge on the 1hr
-Deceleration on the 1 hr
4hr Bearish Divergence
