CAD/CZK - 1H - Technical analysis published on 07/12/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 18.802 CZK
My targets
18.873 CZK (+0.033)
19.132 CZK (+0.292)
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 18.802 CZK. The buyers' bullish objective is set at 18.873 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 19.132 CZK. If there is any crossing, the next objective would be the resistance located at 19.534 CZK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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Additional analysis
Quotes
The CAD/CZK rating is 18.840 CZK. The price registered a decrease of -0.02% on the session and was traded between 18.825 CZK and 18.846 CZK over the period. The price is currently at +0.08% from its lowest and -0.03% from its highest.18.825
18.846
18.840
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/CZK chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
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 | 18.628 | 18.705 | 18.802 | 18.840 | 18.873 | 19.534 | 20.148 |
| Change (%) | -1.13% | -0.72% | -0.20% | - | +0.18% | +3.68% | +6.94% |
| Change | -0.212 | -0.135 | -0.038 | - | +0.033 | +0.694 | +1.308 |
| Level | Intermediate | Minor | Minor | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.526 | 18.594 | 18.719 | 18.787 | 18.912 | 18.980 | 19.105 |
| Camarilla | 18.790 | 18.808 | 18.825 | 18.843 | 18.861 | 18.878 | 18.896 |
| Woodie | 18.554 | 18.608 | 18.747 | 18.801 | 18.940 | 18.994 | 19.133 |
| Fibonacci | 18.594 | 18.668 | 18.714 | 18.787 | 18.861 | 18.907 | 18.980 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.934 | 18.160 | 18.420 | 18.646 | 18.906 | 19.132 | 19.392 |
| Camarilla | 18.545 | 18.590 | 18.635 | 18.679 | 18.724 | 18.768 | 18.813 |
| Woodie | 17.950 | 18.169 | 18.436 | 18.655 | 18.922 | 19.141 | 19.408 |
| Fibonacci | 18.160 | 18.346 | 18.461 | 18.646 | 18.832 | 18.947 | 19.132 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.616 | 17.821 | 18.080 | 18.285 | 18.544 | 18.749 | 19.008 |
| Camarilla | 18.212 | 18.255 | 18.298 | 18.340 | 18.383 | 18.425 | 18.468 |
| Woodie | 17.644 | 17.835 | 18.108 | 18.299 | 18.572 | 18.763 | 19.036 |
| Fibonacci | 17.821 | 17.998 | 18.107 | 18.285 | 18.462 | 18.571 | 18.749 |
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): | 64.90 | |
| MACD (12,26,9): | 0.0320 | |
| Directional Movement: | 12.127 | |
| AROON (14): | 71.428 | |
| DEMA (21): | 18.835 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.816 | |
| Elder Ray (13): | 0.023 | |
| Super Trend (3,10): | 18.759 | |
| Zig ZAG (10): | 18.829 | |
| VORTEX (21): | 1.2030 | |
| Stochastique (14,3,5): | 88.42 | |
| TEMA (21): | 18.854 | |
| Williams %R (14): | -17.68 | |
| Chande Momentum Oscillator (20): | 0.083 | |
| Repulse (5,40,3): | -0.0710 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0210 | |
| Courbe Coppock: | 1.14 |
| MA7: | 18.680 | |
| MA20: | 18.372 | |
| MA50: | 18.306 | |
| MA100: | 18.095 | |
| MAexp7: | 18.831 | |
| MAexp20: | 18.795 | |
| MAexp50: | 18.753 | |
| MAexp100: | 18.690 | |
| Price / MA7: | +0.86% | |
| Price / MA20: | +2.55% | |
| Price / MA50: | +2.92% | |
| Price / MA100: | +4.12% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +0.47% | |
| Price / MAexp100: | +0.81% |
Quotes :
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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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