CAD/CZK - 1H - Technical analysis published on 05/04/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 17.720 CZK
My targets
17.484 CZK (-0.137)
17.287 CZK (-0.334)
My analysis
The bearish basic trend is very strong on CAD/CZK but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 17.720 CZK. Crossing the first support at 17.484 CZK would be a sign of a further potential price plummet. Sellers would then use the next support located at 17.287 CZK as an objective. Crossing it would then enable sellers to target 17.110 CZK. Caution, a return to above the resistance located at 17.720 CZK would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
3.9
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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 CAD/CZK price is 17.621 CZK. The price registered a decrease of +0.22% on the session with the lowest point at 17.560 CZK and the highest point at 17.639 CZK. The deviation from the price is +0.35% for the low point and -0.10% for the high point.17.560
17.639
17.621
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/CZK chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 17.110 | 17.287 | 17.484 | 17.621 | 17.720 | 17.870 | 17.991 |
| Change (%) | -2.90% | -1.90% | -0.78% | - | +0.56% | +1.41% | +2.10% |
| Change | -0.511 | -0.334 | -0.137 | - | +0.099 | +0.249 | +0.370 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.234 | 17.375 | 17.479 | 17.620 | 17.724 | 17.865 | 17.969 |
| Camarilla | 17.515 | 17.537 | 17.560 | 17.582 | 17.605 | 17.627 | 17.649 |
| Woodie | 17.215 | 17.366 | 17.460 | 17.611 | 17.705 | 17.856 | 17.950 |
| Fibonacci | 17.375 | 17.469 | 17.527 | 17.620 | 17.714 | 17.772 | 17.865 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.862 | 17.189 | 17.386 | 17.713 | 17.910 | 18.237 | 18.434 |
| Camarilla | 17.438 | 17.486 | 17.534 | 17.582 | 17.630 | 17.678 | 17.726 |
| Woodie | 16.796 | 17.157 | 17.320 | 17.681 | 17.844 | 18.205 | 18.368 |
| Fibonacci | 17.189 | 17.390 | 17.513 | 17.713 | 17.914 | 18.037 | 18.237 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.644 | 17.070 | 17.412 | 17.838 | 18.180 | 18.606 | 18.948 |
| Camarilla | 17.544 | 17.614 | 17.685 | 17.755 | 17.825 | 17.896 | 17.966 |
| Woodie | 16.603 | 17.049 | 17.371 | 17.817 | 18.139 | 18.585 | 18.907 |
| Fibonacci | 17.070 | 17.363 | 17.544 | 17.838 | 18.131 | 18.312 | 18.606 |
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): | 42.52 | |
| MACD (12,26,9): | -0.0260 | |
| Directional Movement: | -17.665 | |
| AROON (14): | -42.857 | |
| DEMA (21): | 17.591 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.639 | |
| Elder Ray (13): | -0.004 | |
| Super Trend (3,10): | 17.720 | |
| Zig ZAG (10): | 17.621 | |
| VORTEX (21): | 0.9550 | |
| Stochastique (14,3,5): | 70.45 | |
| TEMA (21): | 17.607 | |
| Williams %R (14): | -38.82 | |
| Chande Momentum Oscillator (20): | 0.003 | |
| Repulse (5,40,3): | -0.0560 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.03 |
| MA7: | 17.803 | |
| MA20: | 17.803 | |
| MA50: | 17.543 | |
| MA100: | 17.450 | |
| MAexp7: | 17.616 | |
| MAexp20: | 17.628 | |
| MAexp50: | 17.703 | |
| MAexp100: | 17.784 | |
| Price / MA7: | -1.02% | |
| Price / MA20: | -1.02% | |
| Price / MA50: | +0.44% | |
| Price / MA100: | +0.98% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.46% | |
| Price / MAexp100: | -0.92% |
This member declared not having a position on this financial instrument or a related financial instrument.
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