CAD/CZK - 1H - Technical analysis published on 04/09/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 17.240 CZK
My targets
17.156 CZK (-0.034)
17.072 CZK (-0.118)
My analysis
The bearish trend is currently very strong for CAD/CZK. As long as the price remains below the resistance at 17.240 CZK, you could try to take advantage of the bearish rally. The first bearish objective is located at 17.156 CZK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 17.072 CZK as an objective. Crossing it would then enable sellers to target 16.957 CZK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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 17.190 CZK. The price registered a decrease of -0.01% on the session with the lowest point at 17.187 CZK and the highest point at 17.201 CZK. The deviation from the price is +0.02% for the low point and -0.06% for the high point.17.187
17.201
17.190
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 LOW record (1st january)
Type : Bearish
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 strongly bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. 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 support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact 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 | 16.957 | 17.072 | 17.156 | 17.190 | 17.193 | 17.240 | 17.295 |
| Change (%) | -1.36% | -0.69% | -0.20% | - | +0.02% | +0.29% | +0.61% |
| Change | -0.233 | -0.118 | -0.034 | - | +0.003 | +0.050 | +0.105 |
| Level | Major | Major | Minor | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.078 | 17.120 | 17.156 | 17.198 | 17.234 | 17.276 | 17.312 |
| Camarilla | 17.171 | 17.178 | 17.185 | 17.192 | 17.199 | 17.206 | 17.214 |
| Woodie | 17.075 | 17.119 | 17.153 | 17.197 | 17.231 | 17.275 | 17.309 |
| Fibonacci | 17.120 | 17.150 | 17.168 | 17.198 | 17.228 | 17.246 | 17.276 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.845 | 17.000 | 17.096 | 17.251 | 17.347 | 17.502 | 17.598 |
| Camarilla | 17.122 | 17.145 | 17.168 | 17.191 | 17.214 | 17.237 | 17.260 |
| Woodie | 16.815 | 16.985 | 17.066 | 17.236 | 17.317 | 17.487 | 17.568 |
| Fibonacci | 17.000 | 17.096 | 17.156 | 17.251 | 17.347 | 17.407 | 17.502 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.782 | 16.901 | 17.101 | 17.220 | 17.420 | 17.539 | 17.739 |
| Camarilla | 17.212 | 17.242 | 17.271 | 17.300 | 17.329 | 17.359 | 17.388 |
| Woodie | 16.822 | 16.921 | 17.141 | 17.240 | 17.460 | 17.559 | 17.779 |
| Fibonacci | 16.901 | 17.023 | 17.099 | 17.220 | 17.342 | 17.418 | 17.539 |
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): | 45.81 | |
| MACD (12,26,9): | -0.0020 | |
| Directional Movement: | -2.962 | |
| AROON (14): | -7.143 | |
| DEMA (21): | 17.193 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.226 | |
| Elder Ray (13): | -0.003 | |
| Super Trend (3,10): | 17.173 | |
| Zig ZAG (10): | 17.191 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 17.65 | |
| TEMA (21): | 17.195 | |
| Williams %R (14): | -75.00 | |
| Chande Momentum Oscillator (20): | -0.011 | |
| Repulse (5,40,3): | -0.0440 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.19 |
| MA7: | 17.254 | |
| MA20: | 17.210 | |
| MA50: | 17.256 | |
| MA100: | 16.989 | |
| MAexp7: | 17.192 | |
| MAexp20: | 17.196 | |
| MAexp50: | 17.206 | |
| MAexp100: | 17.228 | |
| Price / MA7: | -0.37% | |
| Price / MA20: | -0.12% | |
| Price / MA50: | -0.38% | |
| Price / MA100: | +1.18% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.22% |
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.
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