CAD/CZK - 1H - Technical analysis published on 06/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
67%
0%
33%
My opinion
Bullish above 16.407 CZK
My targets
16.503 CZK (+0.017)
16.555 CZK (+0.069)
My analysis
The strong short-term increase of CAD/CZK should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 16.407 CZK, a purchase could be considered. The first bullish objective is located at 16.503 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 16.555 CZK. If there is any crossing, the next objective would be the resistance at 16.648 CZK. Caution, if there is a return under 16.407 CZK, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.9
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Additional analysis
Quotes
The CAD/CZK rating is 16.486 CZK. The price registered a decrease of -0.01% on the session and was traded between 16.428 CZK and 16.500 CZK over the period. The price is currently at +0.35% from its lowest and -0.08% from its highest.16.428
16.500
16.486
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/CZK:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/CZK chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
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:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.740 | 16.289 | 16.407 | 16.486 | 16.503 | 16.555 | 16.648 |
| Change (%) | -4.53% | -1.19% | -0.48% | - | +0.10% | +0.42% | +0.98% |
| Change | -0.746 | -0.197 | -0.079 | - | +0.017 | +0.069 | +0.162 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.327 | 16.366 | 16.426 | 16.465 | 16.525 | 16.564 | 16.624 |
| Camarilla | 16.460 | 16.469 | 16.478 | 16.487 | 16.496 | 16.505 | 16.514 |
| Woodie | 16.339 | 16.371 | 16.438 | 16.470 | 16.537 | 16.569 | 16.636 |
| Fibonacci | 16.366 | 16.404 | 16.427 | 16.465 | 16.503 | 16.526 | 16.564 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.792 | 16.089 | 16.288 | 16.585 | 16.784 | 17.081 | 17.280 |
| Camarilla | 16.351 | 16.396 | 16.442 | 16.487 | 16.533 | 16.578 | 16.623 |
| Woodie | 15.743 | 16.065 | 16.239 | 16.561 | 16.735 | 17.057 | 17.231 |
| Fibonacci | 16.089 | 16.279 | 16.396 | 16.585 | 16.775 | 16.892 | 17.081 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.944 | 15.251 | 15.800 | 16.107 | 16.656 | 16.963 | 17.512 |
| Camarilla | 16.115 | 16.193 | 16.272 | 16.350 | 16.429 | 16.507 | 16.585 |
| Woodie | 15.066 | 15.312 | 15.922 | 16.168 | 16.778 | 17.024 | 17.634 |
| Fibonacci | 15.251 | 15.578 | 15.780 | 16.107 | 16.434 | 16.636 | 16.963 |
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): | 58.68 | |
| MACD (12,26,9): | 0.0090 | |
| Directional Movement: | -3.181 | |
| AROON (14): | 0 | |
| DEMA (21): | 16.473 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.412 | |
| Elder Ray (13): | -0.005 | |
| Super Trend (3,10): | 16.495 | |
| Zig ZAG (10): | 16.487 | |
| VORTEX (21): | 1.0290 | |
| Stochastique (14,3,5): | 84.18 | |
| TEMA (21): | 16.490 | |
| Williams %R (14): | -16.16 | |
| Chande Momentum Oscillator (20): | 0.035 | |
| Repulse (5,40,3): | 0.2230 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0020 | |
| Courbe Coppock: | 0.51 |
| MA7: | 16.497 | |
| MA20: | 16.375 | |
| MA50: | 16.091 | |
| MA100: | 16.182 | |
| MAexp7: | 16.481 | |
| MAexp20: | 16.466 | |
| MAexp50: | 16.472 | |
| MAexp100: | 16.485 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | +0.68% | |
| Price / MA50: | +2.45% | |
| Price / MA100: | +1.88% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.01% |
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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