CAD/CZK - 1H - Technical analysis published on 08/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 16.657 CZK
My targets
16.706 CZK (+0.030)
16.788 CZK (+0.112)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/CZK as long as the price remains well above 16.657 CZK. The buyers” bullish objective is set at 16.706 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.788 CZK. If there is any crossing, the next objective would be the resistance located at 16.957 CZK.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.8
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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
The CAD/CZK price is 16.676 CZK. On the day, this instrument gained +0.68% and was between 16.527 CZK and 16.695 CZK. This implies that the price is at +0.90% from its lowest and at -0.11% from its highest.16.527
16.695
16.676
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/CZK indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
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
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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.531 | 16.606 | 16.657 | 16.676 | 16.706 | 16.788 | 16.957 |
| Change (%) | -0.87% | -0.42% | -0.11% | - | +0.18% | +0.67% | +1.69% |
| Change | -0.145 | -0.070 | -0.019 | - | +0.030 | +0.112 | +0.281 |
| Level | Minor | Minor | Intermediate | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.386 | 16.459 | 16.511 | 16.584 | 16.636 | 16.709 | 16.761 |
| Camarilla | 16.530 | 16.541 | 16.553 | 16.564 | 16.576 | 16.587 | 16.598 |
| Woodie | 16.377 | 16.454 | 16.502 | 16.579 | 16.627 | 16.704 | 16.752 |
| Fibonacci | 16.459 | 16.506 | 16.536 | 16.584 | 16.631 | 16.661 | 16.709 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.882 | 16.134 | 16.373 | 16.625 | 16.864 | 17.116 | 17.355 |
| Camarilla | 16.478 | 16.523 | 16.568 | 16.613 | 16.658 | 16.703 | 16.748 |
| Woodie | 15.877 | 16.131 | 16.368 | 16.622 | 16.859 | 17.113 | 17.350 |
| Fibonacci | 16.134 | 16.321 | 16.437 | 16.625 | 16.812 | 16.928 | 17.116 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.996 | 15.690 | 16.152 | 16.846 | 17.308 | 18.002 | 18.464 |
| Camarilla | 16.295 | 16.401 | 16.507 | 16.613 | 16.719 | 16.825 | 16.931 |
| Woodie | 14.879 | 15.632 | 16.035 | 16.788 | 17.191 | 17.944 | 18.347 |
| Fibonacci | 15.690 | 16.132 | 16.405 | 16.846 | 17.288 | 17.561 | 18.002 |
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): | 62.21 | |
| MACD (12,26,9): | 0.0160 | |
| Directional Movement: | -2.029 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 16.629 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.603 | |
| Elder Ray (13): | 0.034 | |
| Super Trend (3,10): | 16.566 | |
| Zig ZAG (10): | 16.673 | |
| VORTEX (21): | 1.1460 | |
| Stochastique (14,3,5): | 78.57 | |
| TEMA (21): | 16.652 | |
| Williams %R (14): | -17.26 | |
| Chande Momentum Oscillator (20): | 0.099 | |
| Repulse (5,40,3): | 0.1450 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0020 | |
| Courbe Coppock: | 0.96 |
| MA7: | 16.615 | |
| MA20: | 16.907 | |
| MA50: | 17.245 | |
| MA100: | 17.546 | |
| MAexp7: | 16.645 | |
| MAexp20: | 16.615 | |
| MAexp50: | 16.613 | |
| MAexp100: | 16.625 | |
| Price / MA7: | +0.37% | |
| Price / MA20: | -1.37% | |
| Price / MA50: | -3.30% | |
| Price / MA100: | -4.96% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +0.31% |
Quotes :
2020-08-06 15:55:25
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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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