Market Overview for USDC/Czech Koruna (USDCCZK) on 2025-11-10

• Price consolidated near 21.02 CZK, showing weak directional bias.• Volume surged during the 19:15 ET candle, signaling temporary volatility.• Momentum indicators remain neutral, with RSI hovering near 50.

The USDC/Czech Koruna pair (USDCCZK) opened at 21.03 CZK on 2025-11-09 at 12:00 ET and closed at 21.03 CZK the next day at the same time. During the 24-hour period, it reached a high of 21.07 CZK and a low of 20.97 CZK. Total volume amounted to 58,353.0 units, while notional turnover was approximately 1,246,041.60 CZK (based on volume and average price).

The price action displayed a range-bound profile, with a midday dip to 20.97 CZK followed by a sharp recovery to 21.02 CZK. No strong bearish or bullish candlestick patterns emerged, although a 19:15 ET candle showed a high of 21.04 CZK with a large volume spike of 9,656.0 units, suggesting temporary short-term volatility. The absence of decisive directional movement implies a neutral sentiment for now.

The 20-period and 50-period moving averages on the 15-minute chart closely aligned, reinforcing the consolidation pattern. A 15-minute Bollinger Band showed moderate contraction during the early part of the session, with price gradually expanding outward. The MACD indicator hovered near zero, suggesting that momentum remained balanced. RSI values stayed within the 30–70 range, indicating neither overbought nor oversold conditions.

Fibonacci retracement levels were applied to the recent 20.97–21.07 CZK swing. The 21.02 CZK level aligns with the 50% retracement level and appears to have acted as a short-term magnet for price action. The 21.03–21.04 CZK range, however, aligns with the 61.8% level and could offer initial resistance if the bias shifts higher. Conversely, the 20.99–21.00 CZK area represents a 38.2% retracement level, which could serve as a near-term support.

For the next 24 hours, USDCCZK may remain range-bound between 20.99 and 21.04 CZK unless a stronger trigger emerges, such as a breakout from the consolidation or a shift in macroeconomic conditions. Investors should monitor for potential breakouts or breakdowns from these key levels. As always, volume and price divergence should be closely watched for early signs of sentiment shifts.

Backtest Hypothesis

The proposed backtesting strategy involves detecting Bearish-Engulfing patterns on the 15-minute USDCCZK chart and entering short positions at the close of the second candle, holding for 3 days. While no real-time data on these patterns was retrieved due to a potential ticker symbol or data source issue, the dataset shows several potential candidates. For example, the candle starting at 2025-11-09 22:15 ET opened at 20.99 CZK and closed at 21.02 CZK, suggesting a potential reversal from a prior downtrend. If confirmed as a Bearish-Engulfing pattern, this could offer a high-probability trade entry. The strategy would benefit from local pattern validation using the OHLC data provided, ensuring accurate identification of such setups before backtesting can proceed.