CAD/CZK - 1H - Technical analysis published on 01/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
28%
50%
My opinion
Bearish under 16.720 CZK
My targets
16.648 CZK (-0.050)
16.603 CZK (-0.095)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/CZK as long as the price remains well below 16.720 CZK. The sellers' bearish objective is set at 16.648 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 16.603 CZK. In case of crossing, the next objective would be the support located at 16.437 CZK.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.8
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Additional analysis
Quotes
The CAD/CZK rating is 16.698 CZK. On the day, this instrument lost -0.02% with the lowest point at 16.686 CZK and the highest point at 16.711 CZK. The deviation from the price is +0.07% for the low point and -0.08% for the high point.16.686
16.711
16.698
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
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. This bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.603 | 16.648 | 16.692 | 16.698 | 16.720 | 16.811 | 16.837 |
| Change (%) | -0.57% | -0.30% | -0.04% | - | +0.13% | +0.68% | +0.83% |
| Change | -0.095 | -0.050 | -0.006 | - | +0.022 | +0.113 | +0.139 |
| Level | Intermediate | Major | Minor | - | Minor | 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 | 16.415 | 16.527 | 16.614 | 16.726 | 16.813 | 16.925 | 17.012 |
| Camarilla | 16.647 | 16.666 | 16.684 | 16.702 | 16.720 | 16.739 | 16.757 |
| Woodie | 16.404 | 16.521 | 16.603 | 16.720 | 16.802 | 16.919 | 17.001 |
| Fibonacci | 16.527 | 16.603 | 16.650 | 16.726 | 16.802 | 16.849 | 16.925 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.303 | 16.464 | 16.586 | 16.747 | 16.869 | 17.030 | 17.152 |
| Camarilla | 16.631 | 16.657 | 16.683 | 16.709 | 16.735 | 16.761 | 16.787 |
| Woodie | 16.285 | 16.454 | 16.568 | 16.737 | 16.851 | 17.020 | 17.134 |
| Fibonacci | 16.464 | 16.572 | 16.639 | 16.747 | 16.855 | 16.922 | 17.030 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.570 | 16.097 | 16.403 | 16.930 | 17.236 | 17.763 | 18.069 |
| Camarilla | 16.480 | 16.556 | 16.633 | 16.709 | 16.785 | 16.862 | 16.938 |
| Woodie | 15.460 | 16.042 | 16.293 | 16.875 | 17.126 | 17.708 | 17.959 |
| Fibonacci | 16.097 | 16.415 | 16.612 | 16.930 | 17.248 | 17.445 | 17.763 |
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): | 47.90 | |
| MACD (12,26,9): | -0.0050 | |
| Directional Movement: | -2.343 | |
| AROON (14): | -28.571 | |
| DEMA (21): | 16.703 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.723 | |
| Elder Ray (13): | -0.001 | |
| Super Trend (3,10): | 16.788 | |
| Zig ZAG (10): | 16.700 | |
| VORTEX (21): | 0.9570 | |
| Stochastique (14,3,5): | 48.05 | |
| TEMA (21): | 16.695 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | 0.021 | |
| Repulse (5,40,3): | -0.0250 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0020 | |
| Courbe Coppock: | 0.62 |
| MA7: | 16.736 | |
| MA20: | 16.774 | |
| MA50: | 17.319 | |
| MA100: | 17.926 | |
| MAexp7: | 16.701 | |
| MAexp20: | 16.709 | |
| MAexp50: | 16.711 | |
| MAexp100: | 16.721 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -0.45% | |
| Price / MA50: | -3.59% | |
| Price / MA100: | -6.85% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.14% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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