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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 08/30/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 16.716 CZK
My targets
16.807 CZK (+0.052)
16.957 CZK (+0.202)
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 16.716 CZK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 16.807 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 16.957 CZK as an objective. Crossing it would then enable buyers to target 17.205 CZK. If the support 16.716 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.1

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 16.755 CZK. The price registered a decrease of -0.02% on the session and was traded between 16.753 CZK and 16.788 CZK over the period. The price is currently at +0.01% from its lowest and -0.20% from its highest.

16.753
16.788
16.755

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

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. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 8 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -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 : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

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 this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 16.663 16.716 16.740 16.755 16.807 16.957 17.205
Change (%) -0.55% -0.23% -0.09% - +0.31% +1.21% +2.69%
Change -0.092 -0.039 -0.015 - +0.052 +0.202 +0.450
Level Minor Intermediate Minor - 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
Standard16.62316.66916.71416.76016.80516.85116.896
Camarilla16.73316.74116.75016.75816.76616.77516.783
Woodie16.62216.66916.71316.76016.80416.85116.895
Fibonacci16.66916.70416.72616.76016.79516.81716.851


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.29516.40816.48816.60116.68116.79416.874
Camarilla16.51616.53416.55116.56916.58716.60416.622
Woodie16.28016.40016.47316.59316.66616.78616.859
Fibonacci16.40816.48116.52716.60116.67416.72016.794


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.41816.63016.82017.03217.22217.43417.624
Camarilla16.90116.93716.97417.01117.04817.08517.122
Woodie16.40816.62516.81017.02717.21217.42917.614
Fibonacci16.63016.78316.87817.03217.18517.28017.434

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): 50.33
MACD (12,26,9): 0.0050
Directional Movement: 3.505
AROON (14): -42.857
DEMA (21): 16.777
Parabolic SAR (0,02-0,02-0,2): 16.754
Elder Ray (13): -0.007
Super Trend (3,10): 16.725
Zig ZAG (10): 16.764
VORTEX (21): 0.9840
Stochastique (14,3,5): 32.54
TEMA (21): 16.768
Williams %R (14): -71.43
Chande Momentum Oscillator (20): -0.007
Repulse (5,40,3): -0.0770
ROCnROLL: -1
TRIX (15,9): 0.0080
Courbe Coppock: 0.16
MA7: 16.667
MA20: 16.701
MA50: 16.879
MA100: 16.878
MAexp7: 16.767
MAexp20: 16.767
MAexp50: 16.743
MAexp100: 16.708
Price / MA7: +0.53%
Price / MA20: +0.32%
Price / MA50: -0.73%
Price / MA100: -0.73%
Price / MAexp7: -0.07%
Price / MAexp20: -0.07%
Price / MAexp50: +0.07%
Price / MAexp100: +0.28%

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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