CAD/CZK - 1H - Technical analysis published on 09/07/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
11%
44%
44%
My opinion
Bullish above 16.993 CZK
My targets
17.110 CZK (+0.023)
17.287 CZK (+0.200)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/CZK. As long as you are above the support located at 16.993 CZK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 17.110 CZK would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 17.287 CZK as an objective. Crossing it would then enable buyers to target 17.870 CZK. If the support 16.993 CZK were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.1
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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 17.087 CZK. On the day, this instrument lost -0.19% and was between 17.078 CZK and 17.138 CZK. This implies that the price is at +0.05% from its lowest and at -0.30% from its highest.17.078
17.138
17.087
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
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 LOW record (1 month)
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. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 16.957 | 16.993 | 17.072 | 17.087 | 17.110 | 17.287 | 17.870 |
| Change (%) | -0.76% | -0.55% | -0.09% | - | +0.13% | +1.17% | +4.58% |
| Change | -0.130 | -0.094 | -0.015 | - | +0.023 | +0.200 | +0.783 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.837 | 16.899 | 17.009 | 17.071 | 17.181 | 17.243 | 17.353 |
| Camarilla | 17.073 | 17.089 | 17.104 | 17.120 | 17.136 | 17.152 | 17.167 |
| Woodie | 16.862 | 16.911 | 17.034 | 17.083 | 17.206 | 17.255 | 17.378 |
| Fibonacci | 16.899 | 16.964 | 17.005 | 17.071 | 17.136 | 17.177 | 17.243 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.454 | 16.592 | 16.856 | 16.994 | 17.258 | 17.396 | 17.660 |
| Camarilla | 17.009 | 17.046 | 17.083 | 17.120 | 17.157 | 17.194 | 17.231 |
| Woodie | 16.517 | 16.624 | 16.919 | 17.026 | 17.321 | 17.428 | 17.723 |
| Fibonacci | 16.592 | 16.746 | 16.840 | 16.994 | 17.148 | 17.242 | 17.396 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.139 | 16.333 | 16.605 | 16.799 | 17.071 | 17.265 | 17.537 |
| Camarilla | 16.749 | 16.792 | 16.834 | 16.877 | 16.920 | 16.962 | 17.005 |
| Woodie | 16.178 | 16.353 | 16.644 | 16.819 | 17.110 | 17.285 | 17.576 |
| Fibonacci | 16.333 | 16.511 | 16.621 | 16.799 | 16.977 | 17.087 | 17.265 |
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): | 54.51 | |
| MACD (12,26,9): | 0.0160 | |
| Directional Movement: | -0.349 | |
| AROON (14): | -71.429 | |
| DEMA (21): | 17.113 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.126 | |
| Elder Ray (13): | -0.006 | |
| Super Trend (3,10): | 17.047 | |
| Zig ZAG (10): | 17.087 | |
| VORTEX (21): | 1.1510 | |
| Stochastique (14,3,5): | 7.46 | |
| TEMA (21): | 17.112 | |
| Williams %R (14): | -98.18 | |
| Chande Momentum Oscillator (20): | -0.025 | |
| Repulse (5,40,3): | -0.1540 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0220 | |
| Courbe Coppock: | 0.08 |
| MA7: | 16.959 | |
| MA20: | 16.814 | |
| MA50: | 16.945 | |
| MA100: | 17.336 | |
| MAexp7: | 17.097 | |
| MAexp20: | 17.088 | |
| MAexp50: | 17.049 | |
| MAexp100: | 16.998 | |
| Price / MA7: | +0.75% | |
| Price / MA20: | +1.62% | |
| Price / MA50: | +0.84% | |
| Price / MA100: | -1.44% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.52% |
Quotes :
2020-09-07 06:25:56
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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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