CAD/CZK - 1H - Technical analysis published on 08/03/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 18.719 CZK
My targets
18.846 CZK (+0.020)
18.886 CZK (+0.060)
My analysis
CAD/CZK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 18.719 CZK. The next resistance located at 18.846 CZK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 18.886 CZK. After this resistance, buyers could then target 18.980 CZK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/CZK rating 18.826 CZK. On the day, this instrument lost -0.02% and was traded between 18.816 CZK and 18.857 CZK over the period. The price is currently at +0.05% from its lowest and -0.16% from its highest.18.816
18.857
18.826
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
Technical analysis of this 1H chart of CAD/CZK indicates that the overall trend is strongly bullish. 89.29% 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.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 18.551 | 18.632 | 18.719 | 18.826 | 18.846 | 18.886 | 18.980 |
| Change (%) | -1.46% | -1.03% | -0.57% | - | +0.11% | +0.32% | +0.82% |
| Change | -0.275 | -0.194 | -0.107 | - | +0.020 | +0.060 | +0.154 |
| Level | Minor | Minor | Intermediate | - | Major | 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 | 18.458 | 18.545 | 18.687 | 18.774 | 18.916 | 19.003 | 19.145 |
| Camarilla | 18.766 | 18.787 | 18.808 | 18.829 | 18.850 | 18.871 | 18.892 |
| Woodie | 18.486 | 18.559 | 18.715 | 18.788 | 18.944 | 19.017 | 19.173 |
| Fibonacci | 18.545 | 18.633 | 18.687 | 18.774 | 18.862 | 18.916 | 19.003 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.160 | 18.355 | 18.589 | 18.784 | 19.018 | 19.213 | 19.447 |
| Camarilla | 18.704 | 18.743 | 18.783 | 18.822 | 18.861 | 18.901 | 18.940 |
| Woodie | 18.179 | 18.365 | 18.608 | 18.794 | 19.037 | 19.223 | 19.466 |
| Fibonacci | 18.355 | 18.519 | 18.621 | 18.784 | 18.948 | 19.050 | 19.213 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.725 | 18.007 | 18.415 | 18.697 | 19.105 | 19.387 | 19.795 |
| Camarilla | 18.632 | 18.696 | 18.759 | 18.822 | 18.885 | 18.949 | 19.012 |
| Woodie | 17.787 | 18.039 | 18.477 | 18.729 | 19.167 | 19.419 | 19.857 |
| Fibonacci | 18.007 | 18.271 | 18.434 | 18.697 | 18.961 | 19.124 | 19.387 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 63.40 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 16.268 | |
| AROON (14): | 35.714 | |
| DEMA (21): | 18.836 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.816 | |
| Elder Ray (13): | 0.026 | |
| Super Trend (3,10): | 18.757 | |
| Zig ZAG (10): | 18.834 | |
| VORTEX (21): | 1.2820 | |
| Stochastique (14,3,5): | 82.09 | |
| TEMA (21): | 18.860 | |
| Williams %R (14): | -22.05 | |
| Chande Momentum Oscillator (20): | 0.046 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0210 | |
| Courbe Coppock: | 0.98 |
| MA7: | 18.803 | |
| MA20: | 18.725 | |
| MA50: | 18.455 | |
| MA100: | 18.230 | |
| MAexp7: | 18.830 | |
| MAexp20: | 18.801 | |
| MAexp50: | 18.777 | |
| MAexp100: | 18.774 | |
| Price / MA7: | +0.12% | |
| Price / MA20: | +0.54% | |
| Price / MA50: | +2.01% | |
| Price / MA100: | +3.27% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.28% |
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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