Hello, 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.
Hello 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...
Hello, 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
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.
The 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...
All 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...
Risky 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
The price is in a clear H1 trend, recently broke and retested, and rejected previous resistance - now support. I expect one more push to the downside to grab liquidity and then continuation to the upside.
Positive news from the eurozone is buoying the beloved single currency against the Czech koruna. Bears will have trouble trying to push the pair downwards because the euro finally receives good news from its economic activities. The euro to Czech koruna trading pair should climb towards its resistance before the second half of the month starts. The move will help...
