CAD/CZK - 1H - Technical analysis published on 04/16/2020 (GMT)
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- Timeframe : 1H
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- Status : NEUTRAL
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
72%
0%
28%
My opinion
Neutral between 17.557 CZK and 17.710 CZK
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 17.710 CZK. The first support is located at 17.557 CZK. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by CAD/CZK.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/CZK rating is 17.617 CZK. The price registered a decrease of +0.33% on the session and was traded between 17.557 CZK and 17.670 CZK over the period. The price is currently at +0.34% from its lowest and -0.30% from its highest.17.557
17.670
17.617
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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 CAD/CZK in 1H shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 17.287 | 17.486 | 17.557 | 17.617 | 17.622 | 17.710 | 17.870 |
| Change (%) | -1.87% | -0.74% | -0.34% | - | +0.03% | +0.53% | +1.44% |
| Change | -0.330 | -0.131 | -0.060 | - | +0.005 | +0.093 | +0.253 |
| Level | Intermediate | Major | Intermediate | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.275 | 17.392 | 17.476 | 17.593 | 17.677 | 17.794 | 17.878 |
| Camarilla | 17.504 | 17.522 | 17.541 | 17.559 | 17.577 | 17.596 | 17.614 |
| Woodie | 17.258 | 17.384 | 17.459 | 17.585 | 17.660 | 17.786 | 17.861 |
| Fibonacci | 17.392 | 17.469 | 17.517 | 17.593 | 17.670 | 17.718 | 17.794 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.839 | 17.199 | 17.450 | 17.810 | 18.061 | 18.421 | 18.672 |
| Camarilla | 17.534 | 17.590 | 17.646 | 17.702 | 17.758 | 17.814 | 17.870 |
| Woodie | 16.786 | 17.172 | 17.397 | 17.783 | 18.008 | 18.394 | 18.619 |
| Fibonacci | 17.199 | 17.432 | 17.576 | 17.810 | 18.043 | 18.187 | 18.421 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.449 | 15.278 | 16.456 | 17.285 | 18.463 | 19.292 | 20.470 |
| Camarilla | 17.082 | 17.266 | 17.450 | 17.634 | 17.818 | 18.002 | 18.186 |
| Woodie | 14.624 | 15.365 | 16.631 | 17.372 | 18.638 | 19.379 | 20.645 |
| Fibonacci | 15.278 | 16.045 | 16.518 | 17.285 | 18.052 | 18.525 | 19.292 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.50 | |
| MACD (12,26,9): | 0.0090 | |
| Directional Movement: | 3.221 | |
| AROON (14): | 71.429 | |
| DEMA (21): | 17.616 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.522 | |
| Elder Ray (13): | 0.014 | |
| Super Trend (3,10): | 17.474 | |
| Zig ZAG (10): | 17.621 | |
| VORTEX (21): | 1.0180 | |
| Stochastique (14,3,5): | 72.48 | |
| TEMA (21): | 17.629 | |
| Williams %R (14): | -21.88 | |
| Chande Momentum Oscillator (20): | 0.069 | |
| Repulse (5,40,3): | 0.0820 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0020 | |
| Courbe Coppock: | 0.57 |
| MA7: | 17.682 | |
| MA20: | 17.739 | |
| MA50: | 17.416 | |
| MA100: | 17.392 | |
| MAexp7: | 17.623 | |
| MAexp20: | 17.608 | |
| MAexp50: | 17.612 | |
| MAexp100: | 17.644 | |
| Price / MA7: | -0.37% | |
| Price / MA20: | -0.69% | |
| Price / MA50: | +1.15% | |
| Price / MA100: | +1.29% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | -0.15% |
This member declared not having a position on this financial instrument or a related financial instrument.
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