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CAD/CZK
CAD CZK
- CZK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADCZK
ISIN:

CAD/CZK - 1H - Technical analysis published on 06/21/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 17.009 CZK
My targets
17.210 CZK (+0.137)
17.354 CZK (+0.281)
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 17.009 CZK. The buyers' bullish objective is set at 17.210 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 17.354 CZK. If there is any crossing, the next objective would be the resistance located at 17.518 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
7.7

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.

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

Additional analysis

Quotes

The CAD/CZK rating is 17.073 CZK. The price registered an increase of +0.44% on the session and was between 16.971 CZK and 17.080 CZK. This implies that the price is at +0.60% from its lowest and at -0.04% from its highest.

16.971
17.080
17.073

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

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 scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1R1PriceR2R3
ProTrendLines 16.893 16.957 17.009 17.073 17.073 17.354 17.518
Change (%) -1.05% -0.68% -0.37% 0% - +1.65% +2.61%
Change -0.180 -0.116 -0.064 0 - +0.281 +0.445
Level Intermediate Intermediate Intermediate Intermediate - Intermediate Intermediate



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
Standard16.80716.84916.92416.96617.04117.08317.158
Camarilla16.96616.97716.98716.99817.00917.02017.030
Woodie16.82316.85716.94016.97417.05717.09117.174
Fibonacci16.84916.89416.92216.96617.01117.03917.083


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.36416.46916.64616.75116.92817.03317.210
Camarilla16.74716.77216.79816.82416.85016.87616.902
Woodie16.40116.48716.68316.76916.96517.05117.247
Fibonacci16.46916.57616.64316.75116.85816.92517.033


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.93916.26916.48716.81717.03517.36517.583
Camarilla16.55316.60416.65416.70416.75416.80516.855
Woodie15.88216.24116.43016.78916.97817.33717.526
Fibonacci16.26916.47916.60816.81717.02717.15617.365

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 60.92
MACD (12,26,9): 0.0230
Directional Movement: 4.568
AROON (14): 0
DEMA (21): 17.044
Parabolic SAR (0,02-0,02-0,2): 17.070
Elder Ray (13): 0.017
Super Trend (3,10): 16.983
Zig ZAG (10): 17.047
VORTEX (21): 1.1270
Stochastique (14,3,5): 53.52
TEMA (21): 17.046
Williams %R (14): -22.94
Chande Momentum Oscillator (20): 0.064
Repulse (5,40,3): 0.2180
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 0.50
MA7: 16.883
MA20: 16.720
MA50: 16.877
MA100: 17.072
MAexp7: 17.035
MAexp20: 17.012
MAexp50: 16.967
MAexp100: 16.909
Price / MA7: +1.13%
Price / MA20: +2.11%
Price / MA50: +1.16%
Price / MA100: +0.01%
Price / MAexp7: +0.22%
Price / MAexp20: +0.36%
Price / MAexp50: +0.62%
Price / MAexp100: +0.97%

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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