CAD/CZK - 1H - Technical analysis published on 11/18/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 17.124 CZK
My targets
16.957 CZK (-0.069)
16.913 CZK (-0.113)
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 17.124 CZK. The next bearish objective for sellers is set at 16.957 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 16.913 CZK. If there is any crossing, the next objective would be the support located at 16.802 CZK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
3.6
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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 17.026 CZK. The price is lower by -0.01% since the last closing with the lowest point at 17.007 CZK and the highest point at 17.046 CZK. The deviation from the price is +0.11% for the low point and -0.12% for the high point.17.007
17.046
17.026
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/CZK indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
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 | 16.802 | 16.913 | 16.957 | 17.026 | 17.042 | 17.124 | 17.210 |
| Change (%) | -1.32% | -0.66% | -0.41% | - | +0.09% | +0.58% | +1.08% |
| Change | -0.224 | -0.113 | -0.069 | - | +0.016 | +0.098 | +0.184 |
| Level | Intermediate | Intermediate | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.882 | 16.934 | 16.981 | 17.033 | 17.080 | 17.132 | 17.179 |
| Camarilla | 17.001 | 17.010 | 17.019 | 17.028 | 17.037 | 17.046 | 17.055 |
| Woodie | 16.880 | 16.933 | 16.979 | 17.032 | 17.078 | 17.131 | 17.177 |
| Fibonacci | 16.934 | 16.972 | 16.995 | 17.033 | 17.071 | 17.094 | 17.132 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.606 | 16.759 | 16.894 | 17.047 | 17.182 | 17.335 | 17.470 |
| Camarilla | 16.949 | 16.975 | 17.002 | 17.028 | 17.054 | 17.081 | 17.107 |
| Woodie | 16.596 | 16.755 | 16.884 | 17.043 | 17.172 | 17.331 | 17.460 |
| Fibonacci | 16.759 | 16.869 | 16.937 | 17.047 | 17.157 | 17.225 | 17.335 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.220 | 16.455 | 16.575 | 16.810 | 16.930 | 17.165 | 17.285 |
| Camarilla | 16.596 | 16.629 | 16.662 | 16.694 | 16.727 | 16.759 | 16.792 |
| Woodie | 16.162 | 16.426 | 16.517 | 16.781 | 16.872 | 17.136 | 17.227 |
| Fibonacci | 16.455 | 16.591 | 16.675 | 16.810 | 16.946 | 17.030 | 17.165 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.49 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -3.980 | |
| AROON (14): | 42.857 | |
| DEMA (21): | 17.013 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.993 | |
| Elder Ray (13): | -0.001 | |
| Super Trend (3,10): | 17.077 | |
| Zig ZAG (10): | 17.021 | |
| VORTEX (21): | 0.9860 | |
| Stochastique (14,3,5): | 57.34 | |
| TEMA (21): | 17.017 | |
| Williams %R (14): | -41.67 | |
| Chande Momentum Oscillator (20): | 0.021 | |
| Repulse (5,40,3): | -0.0160 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0120 | |
| Courbe Coppock: | 0.00 |
| MA7: | 17.055 | |
| MA20: | 16.909 | |
| MA50: | 16.835 | |
| MA100: | 16.839 | |
| MAexp7: | 17.023 | |
| MAexp20: | 17.029 | |
| MAexp50: | 17.050 | |
| MAexp100: | 17.050 | |
| Price / MA7: | -0.17% | |
| Price / MA20: | +0.69% | |
| Price / MA50: | +1.13% | |
| Price / MA100: | +1.11% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.14% |
Quotes :
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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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