CAD/CZK - 1H - Technical analysis published on 09/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 16.691 CZK
My targets
16.753 CZK (+0.018)
16.770 CZK (+0.035)
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 16.691 CZK. The buyers' bullish objective is set at 16.753 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.770 CZK. If there is any crossing, the next objective would be the resistance located at 16.802 CZK.
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
5.7
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Additional analysis
Quotes
The CAD/CZK rating is 16.735 CZK. The price registered a decrease of -0.01% on the session and was traded between 16.678 CZK and 16.747 CZK over the period. The price is currently at +0.34% from its lowest and -0.07% from its highest.16.678
16.747
16.735
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
A technical analysis in 1H of this CAD/CZK chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 16.623 | 16.650 | 16.691 | 16.735 | 16.736 | 16.753 | 16.770 |
| Change (%) | -0.67% | -0.51% | -0.26% | - | +0.01% | +0.11% | +0.21% |
| Change | -0.112 | -0.085 | -0.044 | - | +0.001 | +0.018 | +0.035 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 16.543 | 16.587 | 16.661 | 16.705 | 16.779 | 16.823 | 16.897 |
| Camarilla | 16.704 | 16.714 | 16.725 | 16.736 | 16.747 | 16.758 | 16.769 |
| Woodie | 16.559 | 16.595 | 16.677 | 16.713 | 16.795 | 16.831 | 16.913 |
| Fibonacci | 16.587 | 16.632 | 16.660 | 16.705 | 16.750 | 16.778 | 16.823 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.384 | 16.504 | 16.568 | 16.688 | 16.752 | 16.872 | 16.936 |
| Camarilla | 16.582 | 16.599 | 16.616 | 16.633 | 16.650 | 16.667 | 16.684 |
| Woodie | 16.357 | 16.490 | 16.541 | 16.674 | 16.725 | 16.858 | 16.909 |
| Fibonacci | 16.504 | 16.574 | 16.617 | 16.688 | 16.758 | 16.801 | 16.872 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.911 | 16.215 | 16.507 | 16.811 | 17.103 | 17.407 | 17.699 |
| Camarilla | 16.634 | 16.689 | 16.743 | 16.798 | 16.853 | 16.907 | 16.962 |
| Woodie | 15.904 | 16.212 | 16.500 | 16.808 | 17.096 | 17.404 | 17.692 |
| Fibonacci | 16.215 | 16.443 | 16.584 | 16.811 | 17.039 | 17.180 | 17.407 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.48 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | -6.002 | |
| AROON (14): | -78.571 | |
| DEMA (21): | 16.741 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.746 | |
| Elder Ray (13): | 0.002 | |
| Super Trend (3,10): | 16.693 | |
| Zig ZAG (10): | 16.738 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 85.24 | |
| TEMA (21): | 16.743 | |
| Williams %R (14): | -8.57 | |
| Chande Momentum Oscillator (20): | 0.001 | |
| Repulse (5,40,3): | 0.1620 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0110 | |
| Courbe Coppock: | 0.03 |
| MA7: | 16.725 | |
| MA20: | 16.682 | |
| MA50: | 16.835 | |
| MA100: | 16.842 | |
| MAexp7: | 16.735 | |
| MAexp20: | 16.727 | |
| MAexp50: | 16.713 | |
| MAexp100: | 16.712 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | +0.32% | |
| Price / MA50: | -0.59% | |
| Price / MA100: | -0.64% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.14% |
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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