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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 12/02/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 17.270 CZK
My targets
17.154 CZK (-0.080)
16.968 CZK (-0.266)
My analysis
The bearish trend is currently very strong for CAD/CZK. As long as the price remains below the resistance at 17.270 CZK, you could try to take advantage of the bearish rally. The first bearish objective is located at 17.154 CZK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 16.968 CZK as an objective. Crossing it would then enable sellers to target 16.648 CZK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7

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.

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15 min. Daily Weekly

Additional analysis

Quotes

The CAD/CZK price is 17.234 CZK. The price registered a decrease of -0.01% on the session and was between 17.207 CZK and 17.260 CZK. This implies that the price is at +0.16% from its lowest and at -0.15% from its highest.

17.207
17.260
17.234

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


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CAD/CZK chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 15.740 16.437 16.648 17.234 17.270 17.457 17.498
Change (%) -8.67% -4.62% -3.40% - +0.21% +1.29% +1.53%
Change -1.494 -0.797 -0.586 - +0.036 +0.223 +0.264
Level Intermediate Intermediate Major - 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
Standard16.93017.07917.15817.30717.38617.53517.614
Camarilla17.17317.19417.21517.23617.25717.27817.299
Woodie16.89417.06217.12217.29017.35017.51817.578
Fibonacci17.07917.16617.22017.30717.39417.44817.535


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
Standard15.81116.52816.96817.68518.12518.84219.282
Camarilla17.09117.19717.30317.40917.51517.62117.727
Woodie15.67416.45916.83117.61617.98818.77319.145
Fibonacci16.52816.97017.24317.68518.12718.40018.842

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): 40.07
MACD (12,26,9): -0.0300
Directional Movement: -14.582
AROON (14): -85.714
DEMA (21): 17.224
Parabolic SAR (0,02-0,02-0,2): 17.266
Elder Ray (13): -0.022
Super Trend (3,10): 17.315
Zig ZAG (10): 17.237
VORTEX (21): 0.8210
Stochastique (14,3,5): 21.57
TEMA (21): 17.215
Williams %R (14): -63.64
Chande Momentum Oscillator (20): -0.021
Repulse (5,40,3): -0.0430
ROCnROLL: 2
TRIX (15,9): -0.0280
Courbe Coppock: 0.45
MA7: 17.394
MA20: 17.617
MA50: 17.995
MA100: 18.360
MAexp7: 17.236
MAexp20: 17.264
MAexp50: 17.313
MAexp100: 17.366
Price / MA7: -0.92%
Price / MA20: -2.17%
Price / MA50: -4.23%
Price / MA100: -6.13%
Price / MAexp7: -0.01%
Price / MAexp20: -0.17%
Price / MAexp50: -0.46%
Price / MAexp100: -0.76%

Quotes : - Real time data - Forex

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

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