CAD/CZK

- CZK (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADCZK
ISIN:

CAD/CZK - 1H - Technical analysis published on 12/19/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

28%

44%

My opinion

Bullish above 16.753 CZK

My targets

16.799 CZK (+0.023)

16.893 CZK (+0.117)

My analysis

CAD/CZK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 16.753 CZK. The next resistance located at 16.799 CZK is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 16.893 CZK. After this resistance, buyers could then target 16.934 CZK.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

4.3

Comment on the analysis

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 rating is 16.776 CZK. The price is lower by -0.06% since the last closing and was between 16.725 CZK and 16.799 CZK. This implies that the price is at +0.30% from its lowest and at -0.14% from its highest.

16.725

16.799

16.776

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 CAD/CZK in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 8 are neutral and 5 are bearish. The Central Indicators scanner found this result concerning these indicators:

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	16.654	16.697	16.753	16.776	16.777	16.799	16.893
Change (%)	-0.73%	-0.47%	-0.14%	-	+0.01%	+0.14%	+0.70%
Change	-0.122	-0.079	-0.023	-	+0.001	+0.023	+0.117
Level	Minor	Major	Intermediate	-	Minor	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	16.511	16.583	16.684	16.756	16.857	16.929	17.030
Camarilla	16.738	16.754	16.770	16.786	16.802	16.818	16.834
Woodie	16.527	16.590	16.700	16.763	16.873	16.936	17.046
Fibonacci	16.583	16.649	16.690	16.756	16.822	16.863	16.929

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.454	16.588	16.667	16.801	16.880	17.014	17.093
Camarilla	16.688	16.708	16.728	16.747	16.767	16.786	16.806
Woodie	16.428	16.574	16.641	16.787	16.854	17.000	17.067
Fibonacci	16.588	16.669	16.719	16.801	16.882	16.932	17.014

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.765	16.215	16.640	17.090	17.515	17.965	18.390
Camarilla	16.825	16.906	16.986	17.066	17.146	17.226	17.307
Woodie	15.754	16.209	16.629	17.084	17.504	17.959	18.379
Fibonacci	16.215	16.549	16.755	17.090	17.424	17.630	17.965

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):	55.25
MACD (12,26,9):	0.0130
Directional Movement:	-0.060
AROON (14):	14.286
DEMA (21):	16.777
Parabolic SAR (0,02-0,02-0,2):	16.814
Elder Ray (13):	0.014
Super Trend (3,10):	16.722
Zig ZAG (10):	16.771
VORTEX (21):	1.0940
Stochastique (14,3,5):	48.17
TEMA (21):	16.782
Williams %R (14):	-52.89
Chande Momentum Oscillator (20):	-0.021
Repulse (5,40,3):	0.0470
ROCnROLL:	1
TRIX (15,9):	0.0150
Courbe Coppock:	0.25

MA7:	16.778
MA20:	16.940
MA50:	16.930
MA100:	16.833
MAexp7:	16.770
MAexp20:	16.759
MAexp50:	16.743
MAexp100:	16.751
Price / MA7:	-0.01%
Price / MA20:	-0.97%
Price / MA50:	-0.91%
Price / MA100:	-0.34%
Price / MAexp7:	+0.04%
Price / MAexp20:	+0.10%
Price / MAexp50:	+0.20%
Price / MAexp100:	+0.15%

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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