CAD/CZK - 1H - Technical analysis published on 10/15/2020 (GMT)
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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:
Strongly bearish
De fond:
Neutral
Technical indicators
22%
50%
28%
My opinion
Bearish under 17.717 CZK
My targets
17.534 CZK (-0.115)
17.392 CZK (-0.257)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for CAD/CZK as long as the price remains well below 17.717 CZK. The sellers” bearish objective is set at 17.534 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 17.392 CZK. If there is any crossing, the next objective would be the support located at 17.287 CZK.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.3
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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 rating is 17.649 CZK. On the day, this instrument lost -0.07% and was traded between 17.632 CZK and 17.734 CZK over the period. The price is currently at +0.10% from its lowest and -0.48% from its highest.17.632
17.734
17.649
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of CAD/CZK in 1H shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance 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 | 17.287 | 17.392 | 17.534 | 17.649 | 17.717 | 17.808 | 17.963 |
| Change (%) | -2.05% | -1.46% | -0.65% | - | +0.39% | +0.90% | +1.78% |
| Change | -0.362 | -0.257 | -0.115 | - | +0.068 | +0.159 | +0.314 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | 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 | 17.355 | 17.478 | 17.570 | 17.693 | 17.785 | 17.908 | 18.000 |
| Camarilla | 17.602 | 17.622 | 17.641 | 17.661 | 17.681 | 17.700 | 17.720 |
| Woodie | 17.339 | 17.470 | 17.554 | 17.685 | 17.769 | 17.900 | 17.984 |
| Fibonacci | 17.478 | 17.561 | 17.611 | 17.693 | 17.776 | 17.826 | 17.908 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.756 | 18.841 | 18.936 | 19.021 | 19.116 | 19.201 | 19.296 |
| Camarilla | 18.982 | 18.998 | 19.015 | 19.031 | 19.048 | 19.064 | 19.081 |
| Woodie | 18.761 | 18.844 | 18.941 | 19.024 | 19.121 | 19.204 | 19.301 |
| Fibonacci | 18.841 | 18.910 | 18.952 | 19.021 | 19.090 | 19.132 | 19.201 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.170 | 16.453 | 16.900 | 17.183 | 17.630 | 17.913 | 18.360 |
| Camarilla | 17.146 | 17.213 | 17.280 | 17.347 | 17.414 | 17.481 | 17.548 |
| Woodie | 16.252 | 16.494 | 16.982 | 17.224 | 17.712 | 17.954 | 18.442 |
| Fibonacci | 16.453 | 16.732 | 16.904 | 17.183 | 17.462 | 17.634 | 17.913 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.90 | |
| MACD (12,26,9): | -0.0060 | |
| Directional Movement: | -3.395 | |
| AROON (14): | -42.857 | |
| DEMA (21): | 17.665 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.732 | |
| Elder Ray (13): | -0.022 | |
| Super Trend (3,10): | 17.737 | |
| Zig ZAG (10): | 17.643 | |
| VORTEX (21): | 0.9730 | |
| Stochastique (14,3,5): | 25.41 | |
| TEMA (21): | 17.661 | |
| Williams %R (14): | -78.43 | |
| Chande Momentum Oscillator (20): | -0.014 | |
| Repulse (5,40,3): | -0.2130 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0050 | |
| Courbe Coppock: | 0.08 |
| MA7: | 17.572 | |
| MA20: | 17.423 | |
| MA50: | 17.104 | |
| MA100: | 17.165 | |
| MAexp7: | 17.666 | |
| MAexp20: | 17.671 | |
| MAexp50: | 17.666 | |
| MAexp100: | 17.618 | |
| Price / MA7: | +0.44% | |
| Price / MA20: | +1.30% | |
| Price / MA50: | +3.19% | |
| Price / MA100: | +2.82% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | +0.18% |
Quotes :
2020-10-15 15:24:57
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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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