AUD/CZK - 1H - Technical analysis published on 03/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
83%
6%
11%
My opinion
Bullish above 14.90 CZK
My targets
15.16 CZK (+0.09)
15.21 CZK (+0.14)
My analysis
The current short-term bullish acceleration on AUD/CZK should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 14.90 CZK. Short-term buyers will use the resistance located at 15.16 CZK as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 15.21 CZK. Crossing this resistance would then open the door for buyers to target 15.31 CZK. Caution, if there is a return to under 14.90 CZK, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
3.6
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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 rating is 15.07 CZK. On the day, this instrument lost +0.60% and was between 14.91 CZK and 15.09 CZK. This implies that the price is at +1.07% from its lowest and at -0.13% from its highest.14.91
15.09
15.07
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/CZK chart shows a neutral trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
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
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 11.94 | 14.90 | 15.07 | 15.07 | 15.16 | 15.21 |
| Change (%) | -20.77% | -1.13% | 0% | - | +0.60% | +0.93% |
| Change | -3.13 | -0.17 | 0 | - | +0.09 | +0.14 |
| Level | Intermediate | Intermediate | Intermediate | - | 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 | 14.73 | 14.81 | 14.90 | 14.98 | 15.07 | 15.15 | 15.24 |
| Camarilla | 14.93 | 14.95 | 14.96 | 14.98 | 15.00 | 15.01 | 15.03 |
| Woodie | 14.73 | 14.81 | 14.90 | 14.98 | 15.07 | 15.15 | 15.24 |
| Fibonacci | 14.81 | 14.88 | 14.92 | 14.98 | 15.05 | 15.09 | 15.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.32 | 14.63 | 14.81 | 15.12 | 15.30 | 15.61 | 15.79 |
| Camarilla | 14.87 | 14.91 | 14.96 | 15.00 | 15.05 | 15.09 | 15.14 |
| Woodie | 14.27 | 14.60 | 14.76 | 15.09 | 15.25 | 15.58 | 15.74 |
| Fibonacci | 14.63 | 14.81 | 14.93 | 15.12 | 15.30 | 15.42 | 15.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.22 | 14.57 | 14.79 | 15.14 | 15.36 | 15.71 | 15.93 |
| Camarilla | 14.84 | 14.90 | 14.95 | 15.00 | 15.05 | 15.10 | 15.16 |
| Woodie | 14.15 | 14.54 | 14.72 | 15.11 | 15.29 | 15.68 | 15.86 |
| Fibonacci | 14.57 | 14.79 | 14.93 | 15.14 | 15.36 | 15.50 | 15.71 |
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): | 60.19 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 8.21 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 15.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.96 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 14.93 | |
| Zig ZAG (10): | 15.08 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 87.98 | |
| TEMA (21): | 15.05 | |
| Williams %R (14): | -16.67 | |
| Chande Momentum Oscillator (20): | 0.14 | |
| Repulse (5,40,3): | 0.1500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.09 |
| MA7: | 15.17 | |
| MA20: | 15.30 | |
| MA50: | 15.49 | |
| MA100: | 15.63 | |
| MAexp7: | 15.04 | |
| MAexp20: | 15.01 | |
| MAexp50: | 15.02 | |
| MAexp100: | 15.08 | |
| Price / MA7: | -0.66% | |
| Price / MA20: | -1.50% | |
| Price / MA50: | -2.71% | |
| Price / MA100: | -3.58% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.40% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | -0.07% |
This member declared not having a position on this financial instrument or a related financial instrument.
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