CAD/CZK - 1H - Technical analysis published on 07/21/2023 (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
56%
11%
33%
My opinion
Bullish above 16.267 CZK
My targets
16.387 CZK (+0.043)
16.479 CZK (+0.135)
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 16.267 CZK. The next resistance located at 16.387 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 16.479 CZK. After this resistance, buyers could then target 16.648 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/CZK price is 16.344 CZK. The price is lower by -0.01% since the last closing and was between 16.336 CZK and 16.348 CZK. This implies that the price is at +0.05% from its lowest and at -0.02% from its highest.16.336
16.348
16.344
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
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 this 1H chart of CAD/CZK indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 16.134 | 16.194 | 16.267 | 16.344 | 16.387 | 16.479 | 16.648 |
| Change (%) | -1.28% | -0.92% | -0.47% | - | +0.26% | +0.83% | +1.86% |
| Change | -0.210 | -0.150 | -0.077 | - | +0.043 | +0.135 | +0.304 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.060 | 16.127 | 16.236 | 16.303 | 16.412 | 16.479 | 16.588 |
| Camarilla | 16.297 | 16.313 | 16.329 | 16.345 | 16.361 | 16.377 | 16.393 |
| Woodie | 16.081 | 16.138 | 16.257 | 16.314 | 16.433 | 16.490 | 16.609 |
| Fibonacci | 16.127 | 16.194 | 16.236 | 16.303 | 16.370 | 16.412 | 16.479 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.363 | 15.679 | 15.848 | 16.164 | 16.333 | 16.649 | 16.818 |
| Camarilla | 15.885 | 15.929 | 15.974 | 16.018 | 16.063 | 16.107 | 16.151 |
| Woodie | 15.291 | 15.642 | 15.776 | 16.127 | 16.261 | 16.612 | 16.746 |
| Fibonacci | 15.679 | 15.864 | 15.978 | 16.164 | 16.349 | 16.463 | 16.649 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.600 | 15.945 | 16.193 | 16.538 | 16.786 | 17.131 | 17.379 |
| Camarilla | 16.279 | 16.333 | 16.388 | 16.442 | 16.496 | 16.551 | 16.605 |
| Woodie | 15.553 | 15.921 | 16.146 | 16.514 | 16.739 | 17.107 | 17.332 |
| Fibonacci | 15.945 | 16.171 | 16.311 | 16.538 | 16.764 | 16.904 | 17.131 |
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): | 65.73 | |
| MACD (12,26,9): | 0.0340 | |
| Directional Movement: | 16.305 | |
| AROON (14): | 78.571 | |
| DEMA (21): | 16.363 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.370 | |
| Elder Ray (13): | 0.008 | |
| Super Trend (3,10): | 16.279 | |
| Zig ZAG (10): | 16.343 | |
| VORTEX (21): | 1.2560 | |
| Stochastique (14,3,5): | 72.22 | |
| TEMA (21): | 16.364 | |
| Williams %R (14): | -30.44 | |
| Chande Momentum Oscillator (20): | 0.053 | |
| Repulse (5,40,3): | -0.0390 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0340 | |
| Courbe Coppock: | 0.86 |
| MA7: | 16.176 | |
| MA20: | 16.320 | |
| MA50: | 16.344 | |
| MA100: | 16.159 | |
| MAexp7: | 16.343 | |
| MAexp20: | 16.316 | |
| MAexp50: | 16.251 | |
| MAexp100: | 16.206 | |
| Price / MA7: | +1.04% | |
| Price / MA20: | +0.15% | |
| Price / MA50: | -0% | |
| Price / MA100: | +1.14% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.57% | |
| Price / MAexp100: | +0.85% |
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.
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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