CAD/CZK - 1H - Technical analysis published on 10/09/2024 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 16.920 CZK
My targets
16.859 CZK (-0.040)
16.759 CZK (-0.140)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/CZK as long as the price remains well below 16.920 CZK. The sellers' bearish objective is set at 16.859 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 16.759 CZK. In case of crossing, the next objective would be the support located at 16.681 CZK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/CZK rating 16.899 CZK. On the day, this instrument lost -0.01% with the lowest point at 16.891 CZK and the highest point at 16.936 CZK. The deviation from the price is +0.05% for the low point and -0.22% for the high point.16.891
16.936
16.899
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/CZK chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.681 | 16.759 | 16.859 | 16.899 | 16.920 | 16.957 | 17.009 |
| Change (%) | -1.29% | -0.83% | -0.24% | - | +0.12% | +0.34% | +0.65% |
| Change | -0.218 | -0.140 | -0.040 | - | +0.021 | +0.058 | +0.110 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.742 | 16.803 | 16.852 | 16.913 | 16.962 | 17.023 | 17.072 |
| Camarilla | 16.871 | 16.881 | 16.891 | 16.901 | 16.911 | 16.921 | 16.931 |
| Woodie | 16.736 | 16.800 | 16.846 | 16.910 | 16.956 | 17.020 | 17.066 |
| Fibonacci | 16.803 | 16.845 | 16.871 | 16.913 | 16.955 | 16.981 | 17.023 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.309 | 16.464 | 16.737 | 16.892 | 17.165 | 17.320 | 17.593 |
| Camarilla | 16.893 | 16.933 | 16.972 | 17.011 | 17.050 | 17.090 | 17.129 |
| Woodie | 16.369 | 16.494 | 16.797 | 16.922 | 17.225 | 17.350 | 17.653 |
| Fibonacci | 16.464 | 16.627 | 16.728 | 16.892 | 17.055 | 17.156 | 17.320 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.64 | |
| MACD (12,26,9): | -0.0040 | |
| Directional Movement: | 3.054 | |
| AROON (14): | -85.714 | |
| DEMA (21): | 16.905 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.932 | |
| Elder Ray (13): | -0.004 | |
| Super Trend (3,10): | 16.937 | |
| Zig ZAG (10): | 16.898 | |
| VORTEX (21): | 1.0050 | |
| Stochastique (14,3,5): | 14.32 | |
| TEMA (21): | 16.908 | |
| Williams %R (14): | -88.37 | |
| Chande Momentum Oscillator (20): | -0.014 | |
| Repulse (5,40,3): | -0.1030 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0010 | |
| Courbe Coppock: | 0.05 |
| MA7: | 16.949 | |
| MA20: | 16.764 | |
| MA50: | 16.737 | |
| MA100: | 16.807 | |
| MAexp7: | 16.905 | |
| MAexp20: | 16.909 | |
| MAexp50: | 16.921 | |
| MAexp100: | 16.927 | |
| Price / MA7: | -0.30% | |
| Price / MA20: | +0.81% | |
| Price / MA50: | +0.97% | |
| Price / MA100: | +0.55% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.17% |
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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