CAD/CZK - 1H - Technical analysis published on 10/01/2024 (GMT)
- 145
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 16.783 CZK
My targets
16.957 CZK (+0.105)
17.011 CZK (+0.159)
My analysis
The bullish trend is currently very strong on CAD/CZK. As long as the price remains above the support at 16.783 CZK, you could try to benefit from the boom. The first bullish objective is located at 16.957 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 17.011 CZK as an objective. Crossing it would then enable buyers to target 17.210 CZK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.6
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/CZK price is 16.852 CZK. On the day, this instrument gained +0.66% and was between 16.729 CZK and 16.856 CZK. This implies that the price is at +0.74% from its lowest and at -0.02% from its highest.16.729
16.856
16.852
Here is a more detailed summary of the historical variations registered by CAD/CZK:
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 this 1H chart of CAD/CZK indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.717 | 16.754 | 16.783 | 16.852 | 16.957 | 17.210 | 17.354 |
| Change (%) | -0.80% | -0.58% | -0.41% | - | +0.62% | +2.12% | +2.98% |
| Change | -0.135 | -0.098 | -0.069 | - | +0.105 | +0.358 | +0.502 |
| Level | Minor | Intermediate | Intermediate | - | Minor | 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 | 16.509 | 16.563 | 16.653 | 16.707 | 16.797 | 16.851 | 16.941 |
| Camarilla | 16.702 | 16.716 | 16.729 | 16.742 | 16.755 | 16.768 | 16.782 |
| Woodie | 16.526 | 16.572 | 16.670 | 16.716 | 16.814 | 16.860 | 16.958 |
| Fibonacci | 16.563 | 16.618 | 16.652 | 16.707 | 16.762 | 16.796 | 16.851 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.303 | 16.424 | 16.539 | 16.660 | 16.775 | 16.896 | 17.011 |
| Camarilla | 16.589 | 16.611 | 16.632 | 16.654 | 16.676 | 16.697 | 16.719 |
| Woodie | 16.300 | 16.423 | 16.536 | 16.659 | 16.772 | 16.895 | 17.008 |
| Fibonacci | 16.424 | 16.514 | 16.570 | 16.660 | 16.750 | 16.806 | 16.896 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.303 | 16.418 | 16.580 | 16.695 | 16.857 | 16.972 | 17.134 |
| Camarilla | 16.666 | 16.691 | 16.717 | 16.742 | 16.767 | 16.793 | 16.818 |
| Woodie | 16.327 | 16.430 | 16.604 | 16.707 | 16.881 | 16.984 | 17.158 |
| Fibonacci | 16.418 | 16.524 | 16.589 | 16.695 | 16.801 | 16.866 | 16.972 |
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): | 79.67 | |
| MACD (12,26,9): | 0.0310 | |
| Directional Movement: | 33.557 | |
| AROON (14): | 35.714 | |
| DEMA (21): | 16.797 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.762 | |
| Elder Ray (13): | 0.060 | |
| Super Trend (3,10): | 16.767 | |
| Zig ZAG (10): | 16.847 | |
| VORTEX (21): | 1.3670 | |
| Stochastique (14,3,5): | 95.41 | |
| TEMA (21): | 16.817 | |
| Williams %R (14): | -3.31 | |
| Chande Momentum Oscillator (20): | 0.109 | |
| Repulse (5,40,3): | 0.4270 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.65 |
| MA7: | 16.730 | |
| MA20: | 16.688 | |
| MA50: | 16.734 | |
| MA100: | 16.791 | |
| MAexp7: | 16.800 | |
| MAexp20: | 16.759 | |
| MAexp50: | 16.727 | |
| MAexp100: | 16.711 | |
| Price / MA7: | +0.73% | |
| Price / MA20: | +0.98% | |
| Price / MA50: | +0.71% | |
| Price / MA100: | +0.36% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +0.55% | |
| Price / MAexp50: | +0.75% | |
| Price / MAexp100: | +0.84% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis CAD/CZK - 1H