CAD/CZK - 1H - Technical analysis published on 06/25/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
67%
6%
28%
My opinion
Bullish above 17.371 CZK
My targets
17.490 CZK (+0.054)
17.562 CZK (+0.126)
My analysis
The current short-term bullish acceleration on CAD/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 17.371 CZK. Short-term buyers will use the resistance located at 17.490 CZK as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 17.562 CZK. Crossing this resistance would then open the door for buyers to target 17.612 CZK. Caution, if there is a return to under 17.371 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
3.8
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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
CAD/CZK rating 17.436 CZK. The price has increased by +0.13% since the last closing and was between 17.410 CZK and 17.460 CZK. This implies that the price is at +0.15% from its lowest and at -0.14% from its highest.17.410
17.460
17.436
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 a neutral overall trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. 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 over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 17.287 | 17.337 | 17.371 | 17.436 | 17.438 | 17.490 | 17.562 |
| Change (%) | -0.85% | -0.57% | -0.37% | - | +0.01% | +0.31% | +0.72% |
| Change | -0.149 | -0.099 | -0.065 | - | +0.002 | +0.054 | +0.126 |
| Level | Major | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.183 | 17.260 | 17.337 | 17.414 | 17.491 | 17.568 | 17.645 |
| Camarilla | 17.372 | 17.386 | 17.400 | 17.414 | 17.428 | 17.442 | 17.456 |
| Woodie | 17.183 | 17.260 | 17.337 | 17.414 | 17.491 | 17.568 | 17.645 |
| Fibonacci | 17.260 | 17.319 | 17.355 | 17.414 | 17.473 | 17.509 | 17.568 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.964 | 17.111 | 17.319 | 17.466 | 17.674 | 17.821 | 18.029 |
| Camarilla | 17.430 | 17.463 | 17.496 | 17.528 | 17.561 | 17.593 | 17.626 |
| Woodie | 16.996 | 17.126 | 17.351 | 17.481 | 17.706 | 17.836 | 18.061 |
| Fibonacci | 17.111 | 17.246 | 17.330 | 17.466 | 17.601 | 17.685 | 17.821 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.546 | 17.021 | 17.321 | 17.796 | 18.096 | 18.571 | 18.871 |
| Camarilla | 17.409 | 17.480 | 17.551 | 17.622 | 17.693 | 17.764 | 17.835 |
| Woodie | 16.460 | 16.977 | 17.235 | 17.752 | 18.010 | 18.527 | 18.785 |
| Fibonacci | 17.021 | 17.317 | 17.500 | 17.796 | 18.092 | 18.275 | 18.571 |
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): | 61.00 | |
| MACD (12,26,9): | 0.0070 | |
| Directional Movement: | 5.161 | |
| AROON (14): | 71.429 | |
| DEMA (21): | 17.439 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.379 | |
| Elder Ray (13): | 0.017 | |
| Super Trend (3,10): | 17.363 | |
| Zig ZAG (10): | 17.441 | |
| VORTEX (21): | 1.0460 | |
| Stochastique (14,3,5): | 80.72 | |
| TEMA (21): | 17.445 | |
| Williams %R (14): | -23.75 | |
| Chande Momentum Oscillator (20): | -0.005 | |
| Repulse (5,40,3): | 0.0330 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0050 | |
| Courbe Coppock: | 0.12 |
| MA7: | 17.457 | |
| MA20: | 17.489 | |
| MA50: | 17.744 | |
| MA100: | 17.582 | |
| MAexp7: | 17.432 | |
| MAexp20: | 17.426 | |
| MAexp50: | 17.428 | |
| MAexp100: | 17.440 | |
| Price / MA7: | -0.12% | |
| Price / MA20: | -0.30% | |
| Price / MA50: | -1.74% | |
| Price / MA100: | -0.83% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | -0.02% |
Quotes :
2020-06-25 07:07:49
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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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