CAD/CZK - 1H - Technical analysis published on 12/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 16.648 CZK
My targets
16.715 CZK (+0.024)
16.895 CZK (+0.204)
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 16.648 CZK. The buyers' bullish objective is set at 16.715 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.895 CZK. If there is any crossing, the next objective would be the resistance located at 17.194 CZK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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 16.691 CZK. The price has increased by +0.60% since the last closing with the lowest point at 16.584 CZK and the highest point at 16.709 CZK. The deviation from the price is +0.65% for the low point and -0.11% for the high point.16.584
16.709
16.691
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 (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/CZK in 1H shows a strongly overall bullish trend. 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 currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
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
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.451 | 16.499 | 16.648 | 16.691 | 16.698 | 16.895 | 17.194 |
| Change (%) | -1.44% | -1.15% | -0.26% | - | +0.04% | +1.22% | +3.01% |
| Change | -0.240 | -0.192 | -0.043 | - | +0.007 | +0.204 | +0.503 |
| Level | Minor | Major | Major | - | Minor | Minor | 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 | 16.419 | 16.476 | 16.534 | 16.591 | 16.649 | 16.706 | 16.764 |
| Camarilla | 16.559 | 16.570 | 16.581 | 16.591 | 16.602 | 16.612 | 16.623 |
| Woodie | 16.419 | 16.476 | 16.534 | 16.591 | 16.649 | 16.706 | 16.764 |
| Fibonacci | 16.476 | 16.520 | 16.547 | 16.591 | 16.635 | 16.662 | 16.706 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.40 | |
| MACD (12,26,9): | 0.0240 | |
| Directional Movement: | 9.734 | |
| AROON (14): | 42.857 | |
| DEMA (21): | 16.689 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.678 | |
| Elder Ray (13): | 0.015 | |
| Super Trend (3,10): | 16.611 | |
| Zig ZAG (10): | 16.687 | |
| VORTEX (21): | 1.1850 | |
| Stochastique (14,3,5): | 83.19 | |
| TEMA (21): | 16.703 | |
| Williams %R (14): | -17.70 | |
| Chande Momentum Oscillator (20): | 0.051 | |
| Repulse (5,40,3): | 0.0110 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0190 | |
| Courbe Coppock: | 0.80 |
| MA7: | 16.589 | |
| MA20: | 16.449 | |
| MA50: | 16.720 | |
| MA100: | 16.666 | |
| MAexp7: | 16.685 | |
| MAexp20: | 16.659 | |
| MAexp50: | 16.630 | |
| MAexp100: | 16.600 | |
| Price / MA7: | +0.61% | |
| Price / MA20: | +1.47% | |
| Price / MA50: | -0.17% | |
| Price / MA100: | +0.15% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.37% | |
| Price / MAexp100: | +0.55% |
Quotes :
-
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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