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CZK Major Crosses Technical Analysis

CZECHIA
  • LT trend on CZKJPY continues to look firm. The pair has been supported by the 50D SMA a few times. Levels to watch on the downside stands at 4.95 (50D SMA), followed by 4.88 (100D SMA). On the topside, first resistance stands at 5.05.
  • GBPCZK has been receiving support at around 29.80 the last few days, which corresponds to the 38.2% Fibo retracement of the 2020/2021. Next support to watch on the downside stands at 29.68 (100D SMA). On the topside, first resistance stand at 30.16 (50D SMA), followed by 30.21 (50% retracment).
  • CZKPLN received strong support at its 100D SMA (0.1735) on Monday following a sharp consolidation in April amid PLN strength. Resistances to watch on the topside stand at 0.1770, followed by 0.1790 (March 29 high)
  • CZKHUF found support at the low of its LT upward trending channel on Monday and has been gradually approaching its ST resistance at 13.90 (50D SMA) these last two days; a break through that level would open the door for a move up to 14.0. On the downside, first support stands at 13.70.
  • EURCZK failed to break through its 100D SMA at 26.12 on Monday and has been consolidating lower in the past two days; next level to watch on the downside stands at 25.79. On the topside, second resistance to watch after 26.12 stands at 26.38 (200D SMA).
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