AUD/CZK - 1H - Technical analysis published on 10/08/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 16.47 CZK
My targets
16.53 CZK (+0.04)
16.57 CZK (+0.08)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on AUD/CZK as long as the price remains well above 16.47 CZK. The buyers” bullish objective is set at 16.53 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.57 CZK. If there is any crossing, the next objective would be the resistance located at 16.64 CZK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/CZK price is 16.49 CZK. The price has increased by +0.30% since the last closing and was traded between 16.41 CZK and 16.49 CZK over the period. The price is currently at +0.49% from its lowest and 0% from its highest.16.41
16.49
16.49
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/CZK indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.38 | 16.42 | 16.47 | 16.49 | 16.53 | 16.57 | 16.64 |
| Change (%) | -0.67% | -0.42% | -0.12% | - | +0.24% | +0.49% | +0.91% |
| Change | -0.11 | -0.07 | -0.02 | - | +0.04 | +0.08 | +0.15 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.26 | 16.31 | 16.37 | 16.42 | 16.48 | 16.53 | 16.59 |
| Camarilla | 16.41 | 16.42 | 16.43 | 16.44 | 16.45 | 16.46 | 16.47 |
| Woodie | 16.28 | 16.31 | 16.39 | 16.42 | 16.50 | 16.53 | 16.61 |
| Fibonacci | 16.31 | 16.35 | 16.38 | 16.42 | 16.46 | 16.49 | 16.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.18 | 16.27 | 16.43 | 16.52 | 16.68 | 16.77 | 16.93 |
| Camarilla | 16.53 | 16.55 | 16.58 | 16.60 | 16.62 | 16.65 | 16.67 |
| Woodie | 16.23 | 16.29 | 16.48 | 16.54 | 16.73 | 16.79 | 16.98 |
| Fibonacci | 16.27 | 16.36 | 16.42 | 16.52 | 16.61 | 16.67 | 16.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.59 | 15.85 | 16.20 | 16.46 | 16.81 | 17.07 | 17.42 |
| Camarilla | 16.37 | 16.43 | 16.48 | 16.54 | 16.60 | 16.65 | 16.71 |
| Woodie | 15.63 | 15.87 | 16.24 | 16.48 | 16.85 | 17.09 | 17.46 |
| Fibonacci | 15.85 | 16.09 | 16.23 | 16.46 | 16.70 | 16.84 | 17.07 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.29 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 6.67 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 16.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.41 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 16.39 | |
| Zig ZAG (10): | 16.46 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 87.78 | |
| TEMA (21): | 16.46 | |
| Williams %R (14): | -16.67 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | 0.2600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.25 |
| MA7: | 16.49 | |
| MA20: | 16.47 | |
| MA50: | 16.20 | |
| MA100: | 16.25 | |
| MAexp7: | 16.46 | |
| MAexp20: | 16.44 | |
| MAexp50: | 16.44 | |
| MAexp100: | 16.46 | |
| Price / MA7: | -0% | |
| Price / MA20: | +0.12% | |
| Price / MA50: | +1.79% | |
| Price / MA100: | +1.48% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.18% |
Quotes :
2020-10-08 06:48:21
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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