CAD/CZK

- CZK (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADCZK
ISIN:

CAD/CZK - 1H - Technical analysis published on 12/04/2023 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

33%

28%

39%

My opinion

Bullish above 16.499 CZK

My targets

16.648 CZK (+0.118)

16.715 CZK (+0.185)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/CZK as long as the price remains well above 16.499 CZK. The buyers' bullish objective is set at 16.648 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.715 CZK. If there is any crossing, the next objective would be the resistance located at 16.895 CZK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

4.5

Comment on the analysis

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CAD/CZK rating 16.530 CZK. On the day, this instrument lost -0.01% and was traded between 16.506 CZK and 16.560 CZK over the period. The price is currently at +0.15% from its lowest and -0.18% from its highest.

16.506

16.560

16.530

Here is a more detailed summary of the historical variations registered by CAD/CZK:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

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

A technical analysis in 1H of this CAD/CZK chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish and bullish signals:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	16.335	16.414	16.499	16.530	16.648	16.895	17.194
Change (%)	-1.18%	-0.70%	-0.19%	-	+0.71%	+2.21%	+4.02%
Change	-0.195	-0.116	-0.031	-	+0.118	+0.365	+0.664
Level	Minor	Intermediate	Intermediate	-	Major	Intermediate	Intermediate

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
Standard	16.240	16.346	16.438	16.544	16.636	16.742	16.834
Camarilla	16.477	16.495	16.513	16.531	16.549	16.567	16.586
Woodie	16.234	16.343	16.432	16.541	16.630	16.739	16.828
Fibonacci	16.346	16.421	16.468	16.544	16.619	16.666	16.742

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.847	16.031	16.281	16.465	16.715	16.899	17.149
Camarilla	16.412	16.451	16.491	16.531	16.571	16.611	16.650
Woodie	15.880	16.048	16.314	16.482	16.748	16.916	17.182
Fibonacci	16.031	16.197	16.299	16.465	16.631	16.733	16.899

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.457	15.836	16.151	16.530	16.845	17.224	17.539
Camarilla	16.275	16.339	16.402	16.466	16.530	16.593	16.657
Woodie	15.425	15.820	16.119	16.514	16.813	17.208	17.507
Fibonacci	15.836	16.101	16.265	16.530	16.795	16.959	17.224

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):	50.74
MACD (12,26,9):	0.0100
Directional Movement:	0.194
AROON (14):	-57.143
DEMA (21):	16.544
Parabolic SAR (0,02-0,02-0,2):	16.579
Elder Ray (13):	-0.008
Super Trend (3,10):	16.499
Zig ZAG (10):	16.525
VORTEX (21):	1.0310
Stochastique (14,3,5):	25.80
TEMA (21):	16.525
Williams %R (14):	-62.12
Chande Momentum Oscillator (20):	0.007
Repulse (5,40,3):	0.0990
ROCnROLL:	1
TRIX (15,9):	0.0160
Courbe Coppock:	0.37

MA7:	16.384
MA20:	16.455
MA50:	16.755
MA100:	16.650
MAexp7:	16.526
MAexp20:	16.524
MAexp50:	16.478
MAexp100:	16.424
Price / MA7:	+0.89%
Price / MA20:	+0.46%
Price / MA50:	-1.34%
Price / MA100:	-0.72%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.04%
Price / MAexp50:	+0.32%
Price / MAexp100:	+0.65%

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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Londinia AI

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