CAD/CZK - 1H - Technical analysis published on 01/23/2020 (GMT)
- Who voted?
- 208
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 17.244 CZK
My targets
17.147 CZK (-0.079)
16.990 CZK (-0.236)
My analysis
The bearish trend is currently very strong for CAD/CZK. As long as the price remains below the resistance at 17.244 CZK, you could try to take advantage of the bearish rally. The first bearish objective is located at 17.147 CZK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 16.990 CZK as an objective. Crossing it would then enable sellers to target 16.448 CZK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
7.5
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/CZK rating 17.226 CZK. The price is lower by -0.12% since the last closing and was traded between 17.212 CZK and 17.249 CZK over the period. The price is currently at +0.08% from its lowest and -0.13% from its highest.17.212
17.249
17.226
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
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 sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish 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.
The probability of a further decline is moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of triangle is broken
Type : Bearish
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 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.448 | 16.990 | 17.147 | 17.226 | 17.226 | 17.244 | 17.297 |
| Change (%) | -4.52% | -1.37% | -0.46% | 0% | - | +0.10% | +0.41% |
| Change | -0.778 | -0.236 | -0.079 | 0 | - | +0.018 | +0.071 |
| Level | Major | Intermediate | Minor | Major | - | 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 | 16.986 | 17.107 | 17.177 | 17.298 | 17.368 | 17.489 | 17.559 |
| Camarilla | 17.194 | 17.211 | 17.229 | 17.246 | 17.264 | 17.281 | 17.299 |
| Woodie | 16.960 | 17.094 | 17.151 | 17.285 | 17.342 | 17.476 | 17.533 |
| Fibonacci | 17.107 | 17.180 | 17.225 | 17.298 | 17.371 | 17.416 | 17.489 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.050 | 17.136 | 17.247 | 17.333 | 17.444 | 17.530 | 17.641 |
| Camarilla | 17.304 | 17.322 | 17.340 | 17.358 | 17.376 | 17.394 | 17.412 |
| Woodie | 17.063 | 17.142 | 17.260 | 17.339 | 17.457 | 17.536 | 17.654 |
| Fibonacci | 17.136 | 17.211 | 17.258 | 17.333 | 17.408 | 17.455 | 17.530 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.109 | 17.203 | 17.336 | 17.430 | 17.563 | 17.657 | 17.790 |
| Camarilla | 17.407 | 17.427 | 17.448 | 17.469 | 17.490 | 17.511 | 17.531 |
| Woodie | 17.129 | 17.213 | 17.356 | 17.440 | 17.583 | 17.667 | 17.810 |
| Fibonacci | 17.203 | 17.290 | 17.343 | 17.430 | 17.517 | 17.570 | 17.657 |
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): | 36.00 | |
| MACD (12,26,9): | -0.0230 | |
| Directional Movement: | -12.751 | |
| AROON (14): | -92.857 | |
| DEMA (21): | 17.226 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.269 | |
| Elder Ray (13): | -0.015 | |
| Super Trend (3,10): | 17.286 | |
| Zig ZAG (10): | 17.226 | |
| VORTEX (21): | 0.8130 | |
| Stochastique (14,3,5): | 21.93 | |
| TEMA (21): | 17.214 | |
| Williams %R (14): | -73.21 | |
| Chande Momentum Oscillator (20): | -0.011 | |
| Repulse (5,40,3): | -0.0040 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0180 | |
| Courbe Coppock: | 0.80 |
| MA7: | 17.295 | |
| MA20: | 17.369 | |
| MA50: | 17.401 | |
| MA100: | 17.516 | |
| MAexp7: | 17.232 | |
| MAexp20: | 17.256 | |
| MAexp50: | 17.285 | |
| MAexp100: | 17.303 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | -0.82% | |
| Price / MA50: | -1.01% | |
| Price / MA100: | -1.66% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | -0.45% |
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