CAD/CZK - 1H - Technical analysis published on 11/13/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
61%
11%
28%
My opinion
Bullish above 16.588 CZK
My targets
16.689 CZK (+0.031)
16.734 CZK (+0.076)
My analysis
The strong short-term increase in CAD/CZK calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 16.588 CZK, you could consider taking advantage of the short-term movement. The first bullish objective is located at 16.689 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 16.734 CZK as an objective. Crossing it would then enable buyers to target 16.793 CZK. Caution, a return under 16.588 CZK could jeopardize the reversal.
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
2
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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 16.658 CZK. The price registered a decrease of -0.02% on the session and was traded between 16.631 CZK and 16.665 CZK over the period. The price is currently at +0.16% from its lowest and -0.04% from its highest.16.631
16.665
16.658
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this 1H chart of CAD/CZK indicates that the overall trend is slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.499 | 16.588 | 16.648 | 16.658 | 16.689 | 16.734 | 16.793 |
| Change (%) | -0.95% | -0.42% | -0.06% | - | +0.19% | +0.46% | +0.81% |
| Change | -0.159 | -0.070 | -0.010 | - | +0.031 | +0.076 | +0.135 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.501 | 16.544 | 16.603 | 16.646 | 16.705 | 16.748 | 16.807 |
| Camarilla | 16.634 | 16.643 | 16.653 | 16.662 | 16.671 | 16.681 | 16.690 |
| Woodie | 16.509 | 16.548 | 16.611 | 16.650 | 16.713 | 16.752 | 16.815 |
| Fibonacci | 16.544 | 16.583 | 16.607 | 16.646 | 16.685 | 16.709 | 16.748 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.361 | 16.474 | 16.568 | 16.681 | 16.775 | 16.888 | 16.982 |
| Camarilla | 16.605 | 16.624 | 16.643 | 16.662 | 16.681 | 16.700 | 16.719 |
| Woodie | 16.352 | 16.469 | 16.559 | 16.676 | 16.766 | 16.883 | 16.973 |
| Fibonacci | 16.474 | 16.553 | 16.602 | 16.681 | 16.760 | 16.809 | 16.888 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.892 | 16.261 | 16.499 | 16.868 | 17.106 | 17.475 | 17.713 |
| Camarilla | 16.569 | 16.625 | 16.680 | 16.736 | 16.792 | 16.847 | 16.903 |
| Woodie | 15.826 | 16.228 | 16.433 | 16.835 | 17.040 | 17.442 | 17.647 |
| Fibonacci | 16.261 | 16.493 | 16.637 | 16.868 | 17.100 | 17.244 | 17.475 |
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): | 55.30 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 0.212 | |
| AROON (14): | -7.143 | |
| DEMA (21): | 16.648 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.589 | |
| Elder Ray (13): | 0.005 | |
| Super Trend (3,10): | 16.691 | |
| Zig ZAG (10): | 16.655 | |
| VORTEX (21): | 1.0450 | |
| Stochastique (14,3,5): | 79.84 | |
| TEMA (21): | 16.653 | |
| Williams %R (14): | -11.11 | |
| Chande Momentum Oscillator (20): | -0.003 | |
| Repulse (5,40,3): | 0.0980 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.11 |
| MA7: | 16.679 | |
| MA20: | 16.815 | |
| MA50: | 16.902 | |
| MA100: | 16.642 | |
| MAexp7: | 16.650 | |
| MAexp20: | 16.647 | |
| MAexp50: | 16.654 | |
| MAexp100: | 16.670 | |
| Price / MA7: | -0.13% | |
| Price / MA20: | -0.93% | |
| Price / MA50: | -1.44% | |
| Price / MA100: | +0.10% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | -0.07% |
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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