Post an Analysis Request an analysis AI Londinia analysis
CAD/CZK
CAD CZK
- CZK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADCZK
ISIN:

CAD/CZK - 1H - Technical analysis published on 11/29/2022 (GMT)

  • 135
  • 0
Londinia
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 17.459 CZK
My targets
17.313 CZK (-0.116)
17.270 CZK (-0.159)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 17.459 CZK remains possible. It is advisable to trade CAD/CZK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 17.459 CZK. The next bearish objective for sellers is set at 17.313 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 17.270 CZK. In case of crossing, the next objective would be the support located at 16.648 CZK. PS: if there is a bullish break in the resistance located at 17.459 CZK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CAD/CZK rating 17.429 CZK. The price registered a decrease of -0.02% on the session and was between 17.421 CZK and 17.470 CZK. This implies that the price is at +0.05% from its lowest and at -0.23% from its highest.

17.421
17.470
17.429

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of CAD/CZK in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Williams %R indicator is back under -50

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 several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of channel

Type : Bearish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 16.437 16.648 17.270 17.429 17.459 17.498 17.596
Change (%) -5.69% -4.48% -0.91% - +0.17% +0.40% +0.96%
Change -0.992 -0.781 -0.159 - +0.030 +0.069 +0.167
Level Intermediate Intermediate Intermediate - Minor Intermediate Intermediate



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
Standard17.05517.17217.30217.41917.54917.66617.796
Camarilla17.36417.38717.40917.43217.45517.47717.500
Woodie17.06217.17517.30917.42217.55617.66917.803
Fibonacci17.17217.26617.32517.41917.51317.57217.666


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.15417.31317.41217.57117.67017.82917.928
Camarilla17.43917.46317.48617.51017.53417.55717.581
Woodie17.12317.29817.38117.55617.63917.81417.897
Fibonacci17.31317.41217.47317.57117.67017.73117.829


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.36717.63617.91518.18418.46318.73219.011
Camarilla18.04218.09318.14318.19318.24318.29418.344
Woodie17.37117.63917.91918.18718.46718.73519.015
Fibonacci17.63617.84617.97518.18418.39418.52318.732

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): 49.87
MACD (12,26,9): -0.0020
Directional Movement: -0.042
AROON (14): 85.714
DEMA (21): 17.424
Parabolic SAR (0,02-0,02-0,2): 17.411
Elder Ray (13): 0.001
Super Trend (3,10): 17.372
Zig ZAG (10): 17.433
VORTEX (21): 1.1040
Stochastique (14,3,5): 59.31
TEMA (21): 17.441
Williams %R (14): -65.52
Chande Momentum Oscillator (20): -0.008
Repulse (5,40,3): -0.0810
ROCnROLL: 2
TRIX (15,9): -0.0080
Courbe Coppock: 0.79
MA7: 17.545
MA20: 17.760
MA50: 18.078
MA100: 18.402
MAexp7: 17.436
MAexp20: 17.432
MAexp50: 17.460
MAexp100: 17.505
Price / MA7: -0.66%
Price / MA20: -1.86%
Price / MA50: -3.59%
Price / MA100: -5.29%
Price / MAexp7: -0.04%
Price / MAexp20: -0.02%
Price / MAexp50: -0.18%
Price / MAexp100: -0.43%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

Online

Overall rating :
15830
Number of analyses :
95257
Followers :
0
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

Add a comment

Comments

0 comments on the analysis CAD/CZK - 1H