CAD/CZK - 1H - Technical analysis published on 05/22/2024 (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:
Bullish
Underlying:
Slightly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 16.648 CZK
My targets
16.740 CZK (+0.041)
16.815 CZK (+0.116)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade CAD/CZK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 16.648 CZK. The buyers' bullish objective is set at 16.740 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.815 CZK. If there is any crossing, the next objective would be the resistance located at 16.920 CZK. If there is a bearish break in the support located at 16.648 CZK some indecision would arise.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.2
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Additional analysis
Quotes
The CAD/CZK rating is 16.699 CZK. On the day, this instrument lost -0.03% and was traded between 16.660 CZK and 16.724 CZK over the period. The price is currently at +0.23% from its lowest and -0.15% from its highest.16.660
16.724
16.699
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/CZK:
Near a new LOW record (1 year)
Type : Bearish
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 CAD/CZK in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.445 | 16.581 | 16.648 | 16.699 | 16.740 | 16.815 | 16.920 |
| Change (%) | -1.52% | -0.71% | -0.31% | - | +0.25% | +0.69% | +1.32% |
| Change | -0.254 | -0.118 | -0.051 | - | +0.041 | +0.116 | +0.221 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | 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 | 16.595 | 16.621 | 16.663 | 16.689 | 16.731 | 16.757 | 16.799 |
| Camarilla | 16.685 | 16.692 | 16.698 | 16.704 | 16.710 | 16.717 | 16.723 |
| Woodie | 16.602 | 16.625 | 16.670 | 16.693 | 16.738 | 16.761 | 16.806 |
| Fibonacci | 16.621 | 16.647 | 16.663 | 16.689 | 16.715 | 16.731 | 16.757 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.252 | 16.442 | 16.565 | 16.755 | 16.878 | 17.068 | 17.191 |
| Camarilla | 16.601 | 16.630 | 16.658 | 16.687 | 16.716 | 16.744 | 16.773 |
| Woodie | 16.218 | 16.425 | 16.531 | 16.738 | 16.844 | 17.051 | 17.157 |
| Fibonacci | 16.442 | 16.562 | 16.636 | 16.755 | 16.875 | 16.949 | 17.068 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.479 | 16.724 | 16.918 | 17.163 | 17.357 | 17.602 | 17.796 |
| Camarilla | 16.992 | 17.033 | 17.073 | 17.113 | 17.153 | 17.194 | 17.234 |
| Woodie | 16.455 | 16.711 | 16.894 | 17.150 | 17.333 | 17.589 | 17.772 |
| Fibonacci | 16.724 | 16.891 | 16.995 | 17.163 | 17.330 | 17.434 | 17.602 |
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): | 51.77 | |
| MACD (12,26,9): | 0.0030 | |
| Directional Movement: | 3.872 | |
| AROON (14): | 35.715 | |
| DEMA (21): | 16.700 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.680 | |
| Elder Ray (13): | 0.002 | |
| Super Trend (3,10): | 16.665 | |
| Zig ZAG (10): | 16.700 | |
| VORTEX (21): | 1.0420 | |
| Stochastique (14,3,5): | 64.06 | |
| TEMA (21): | 16.703 | |
| Williams %R (14): | -35.94 | |
| Chande Momentum Oscillator (20): | -0.001 | |
| Repulse (5,40,3): | 0.0320 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0030 | |
| Courbe Coppock: | 0.05 |
| MA7: | 16.715 | |
| MA20: | 16.915 | |
| MA50: | 17.104 | |
| MA100: | 17.117 | |
| MAexp7: | 16.700 | |
| MAexp20: | 16.696 | |
| MAexp50: | 16.694 | |
| MAexp100: | 16.705 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | -1.28% | |
| Price / MA50: | -2.37% | |
| Price / MA100: | -2.44% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | -0.04% |
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.
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