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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 07/23/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
11%
44%
44%
My opinion
Bullish above 16.278 CZK
My targets
16.370 CZK (+0.039)
16.424 CZK (+0.093)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/CZK. As long as you are above the support located at 16.278 CZK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 16.370 CZK would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 16.424 CZK as an objective. Crossing it would then enable buyers to target 16.479 CZK. If the support 16.278 CZK were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.4

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 16.331 CZK. The price registered a decrease of -0.09% on the session and was between 16.320 CZK and 16.424 CZK. This implies that the price is at +0.07% from its lowest and at -0.57% from its highest.

16.320
16.424
16.331

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 CAD/CZK in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

Central Patterns

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 16.179 16.278 16.320 16.331 16.370 16.424 16.479
Change (%) -0.93% -0.32% -0.07% - +0.24% +0.57% +0.91%
Change -0.152 -0.053 -0.011 - +0.039 +0.093 +0.148
Level Intermediate Major Intermediate - Minor Major Minor



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
Standard16.06016.12716.23616.30316.41216.47916.588
Camarilla16.29716.31316.32916.34516.36116.37716.393
Woodie16.08116.13816.25716.31416.43316.49016.609
Fibonacci16.12716.19416.23616.30316.37016.41216.479


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.36315.67915.84816.16416.33316.64916.818
Camarilla15.88515.92915.97416.01816.06316.10716.151
Woodie15.29115.64215.77616.12716.26116.61216.746
Fibonacci15.67915.86415.97816.16416.34916.46316.649


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.60015.94516.19316.53816.78617.13117.379
Camarilla16.27916.33316.38816.44216.49616.55116.605
Woodie15.55315.92116.14616.51416.73917.10717.332
Fibonacci15.94516.17116.31116.53816.76416.90417.131

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 45.98
MACD (12,26,9): 0.0100
Directional Movement: -7.744
AROON (14): -14.286
DEMA (21): 16.371
Parabolic SAR (0,02-0,02-0,2): 16.410
Elder Ray (13): -0.021
Super Trend (3,10): 16.416
Zig ZAG (10): 16.331
VORTEX (21): 0.9640
Stochastique (14,3,5): 26.28
TEMA (21): 16.355
Williams %R (14): -89.42
Chande Momentum Oscillator (20): -0.033
Repulse (5,40,3): -0.1660
ROCnROLL: -1
TRIX (15,9): 0.0160
Courbe Coppock: 0.06
MA7: 16.174
MA20: 16.319
MA50: 16.344
MA100: 16.159
MAexp7: 16.352
MAexp20: 16.353
MAexp50: 16.309
MAexp100: 16.255
Price / MA7: +0.97%
Price / MA20: +0.07%
Price / MA50: -0.08%
Price / MA100: +1.06%
Price / MAexp7: -0.13%
Price / MAexp20: -0.13%
Price / MAexp50: +0.13%
Price / MAexp100: +0.47%

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

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