CAD/CZK - 1H - Technical analysis published on 08/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 16.574 CZK
My targets
16.647 CZK (+0.017)
16.713 CZK (+0.083)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/CZK. As long as you are above the support located at 16.574 CZK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 16.647 CZK would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 16.713 CZK as an objective. Crossing it would then enable buyers to target 16.735 CZK. If the support 16.574 CZK were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/CZK rating 16.630 CZK. The price is lower by -0.04% since the last closing with the lowest point at 16.617 CZK and the highest point at 16.663 CZK. The deviation from the price is +0.08% for the low point and -0.20% for the high point.16.617
16.663
16.630
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 this 1H chart of CAD/CZK indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.534 | 16.574 | 16.615 | 16.630 | 16.647 | 16.713 | 16.735 |
| Change (%) | -0.58% | -0.34% | -0.09% | - | +0.10% | +0.50% | +0.63% |
| Change | -0.096 | -0.056 | -0.015 | - | +0.017 | +0.083 | +0.105 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 16.440 | 16.487 | 16.562 | 16.609 | 16.684 | 16.731 | 16.806 |
| Camarilla | 16.604 | 16.615 | 16.626 | 16.637 | 16.648 | 16.659 | 16.671 |
| Woodie | 16.454 | 16.494 | 16.576 | 16.616 | 16.698 | 16.738 | 16.820 |
| Fibonacci | 16.487 | 16.534 | 16.562 | 16.609 | 16.656 | 16.684 | 16.731 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.295 | 16.408 | 16.488 | 16.601 | 16.681 | 16.794 | 16.874 |
| Camarilla | 16.516 | 16.534 | 16.551 | 16.569 | 16.587 | 16.604 | 16.622 |
| Woodie | 16.280 | 16.400 | 16.473 | 16.593 | 16.666 | 16.786 | 16.859 |
| Fibonacci | 16.408 | 16.481 | 16.527 | 16.601 | 16.674 | 16.720 | 16.794 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.418 | 16.630 | 16.820 | 17.032 | 17.222 | 17.434 | 17.624 |
| Camarilla | 16.901 | 16.937 | 16.974 | 17.011 | 17.048 | 17.085 | 17.122 |
| Woodie | 16.408 | 16.625 | 16.810 | 17.027 | 17.212 | 17.429 | 17.614 |
| Fibonacci | 16.630 | 16.783 | 16.878 | 17.032 | 17.185 | 17.280 | 17.434 |
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): | 48.71 | |
| MACD (12,26,9): | 0.0060 | |
| Directional Movement: | -4.435 | |
| AROON (14): | -21.429 | |
| DEMA (21): | 16.648 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.659 | |
| Elder Ray (13): | -0.008 | |
| Super Trend (3,10): | 16.601 | |
| Zig ZAG (10): | 16.632 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 54.35 | |
| TEMA (21): | 16.644 | |
| Williams %R (14): | -67.39 | |
| Chande Momentum Oscillator (20): | -0.002 | |
| Repulse (5,40,3): | -0.0460 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0080 | |
| Courbe Coppock: | 0.05 |
| MA7: | 16.601 | |
| MA20: | 16.723 | |
| MA50: | 16.893 | |
| MA100: | 16.894 | |
| MAexp7: | 16.641 | |
| MAexp20: | 16.638 | |
| MAexp50: | 16.623 | |
| MAexp100: | 16.616 | |
| Price / MA7: | +0.17% | |
| Price / MA20: | -0.56% | |
| Price / MA50: | -1.56% | |
| Price / MA100: | -1.56% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.08% |
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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