CAD/CZK - 1H - Technical analysis published on 12/27/2023 (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 bearish
Underlying:
Slightly bullish
Technical indicators
22%
33%
44%
My opinion
Bearish under 16.895 CZK
My targets
16.734 CZK (-0.101)
16.699 CZK (-0.136)
My analysis
The strong short-term decline in CAD/CZK calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 16.895 CZK, one could consider taking advantage of the short-term movement. The first bearish objective is located at 16.734 CZK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 16.699 CZK as an objective. Crossing it would then enable sellers to target 16.648 CZK. Be careful, a return to above 16.895 CZK could jeopardize the reversal.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
0.7
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Additional analysis
Quotes
The CAD/CZK rating is 16.835 CZK. On the day, this instrument lost -0.02% and was traded between 16.803 CZK and 16.939 CZK over the period. The price is currently at +0.19% from its lowest and -0.61% from its highest.16.803
16.939
16.835
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/CZK chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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 support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.699 | 16.734 | 16.821 | 16.835 | 16.895 | 17.194 | 17.702 |
| Change (%) | -0.81% | -0.60% | -0.08% | - | +0.36% | +2.13% | +5.15% |
| Change | -0.136 | -0.101 | -0.014 | - | +0.060 | +0.359 | +0.867 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | 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 | 16.643 | 16.703 | 16.771 | 16.831 | 16.899 | 16.959 | 17.027 |
| Camarilla | 16.803 | 16.815 | 16.826 | 16.838 | 16.850 | 16.862 | 16.873 |
| Woodie | 16.646 | 16.705 | 16.774 | 16.833 | 16.902 | 16.961 | 17.030 |
| Fibonacci | 16.703 | 16.752 | 16.782 | 16.831 | 16.880 | 16.910 | 16.959 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.663 | 16.698 | 16.759 | 16.794 | 16.855 | 16.890 | 16.951 |
| Camarilla | 16.794 | 16.802 | 16.811 | 16.820 | 16.829 | 16.838 | 16.846 |
| Woodie | 16.676 | 16.705 | 16.772 | 16.801 | 16.868 | 16.897 | 16.964 |
| Fibonacci | 16.698 | 16.735 | 16.757 | 16.794 | 16.831 | 16.853 | 16.890 |
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): | 46.92 | |
| MACD (12,26,9): | -0.0060 | |
| Directional Movement: | 2.122 | |
| AROON (14): | -35.715 | |
| DEMA (21): | 16.843 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.877 | |
| Elder Ray (13): | -0.005 | |
| Super Trend (3,10): | 16.907 | |
| Zig ZAG (10): | 16.837 | |
| VORTEX (21): | 0.9350 | |
| Stochastique (14,3,5): | 25.74 | |
| TEMA (21): | 16.830 | |
| Williams %R (14): | -73.53 | |
| Chande Momentum Oscillator (20): | -0.050 | |
| Repulse (5,40,3): | 0.0130 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.62 |
| MA7: | 16.813 | |
| MA20: | 16.711 | |
| MA50: | 16.641 | |
| MA100: | 16.705 | |
| MAexp7: | 16.836 | |
| MAexp20: | 16.847 | |
| MAexp50: | 16.843 | |
| MAexp100: | 16.824 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | +0.74% | |
| Price / MA50: | +1.17% | |
| Price / MA100: | +0.78% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.05% | |
| 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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