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CAD/CZK
CAD CZK
- CZK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADCZK
ISIN:

CAD/CZK - 1H - Technical analysis published on 02/06/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 17.101 CZK
My targets
16.957 CZK (-0.106)
16.834 CZK (-0.229)
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 17.101 CZK. The sellers” bearish objective 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 16.834 CZK. In case of crossing, the next objective would be the support located at 16.448 CZK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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
7.1

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CAD/CZK rating 17.063 CZK. On the day, this instrument lost -0.59% and was traded between 17.020 CZK and 17.194 CZK over the period. The price is currently at +0.25% from its lowest and -0.76% from its highest.

17.020
17.194
17.063

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 this 1H chart of CAD/CZK indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Black line without upper shadow

Type : Bearish

Timeframe : 1 hour


Long black line

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 15.735 16.448 16.957 17.063 17.073 17.101 17.152
Change (%) -7.78% -3.60% -0.62% - +0.06% +0.22% +0.52%
Change -1.328 -0.615 -0.106 - +0.010 +0.038 +0.089
Level Intermediate Major Major - Minor Major Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.00017.03817.10117.13917.20217.24017.303
Camarilla17.13617.14617.15517.16417.17317.18317.192
Woodie17.01317.04417.11417.14517.21517.24617.316
Fibonacci17.03817.07717.10017.13917.17817.20117.240


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.83417.00317.09017.25917.34617.51517.602
Camarilla17.10817.13117.15517.17817.20217.22517.248
Woodie16.79416.98317.05017.23917.30617.49517.562
Fibonacci17.00317.10117.16117.25917.35717.41717.515


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.67316.92217.05017.29917.42717.67617.804
Camarilla17.07417.10917.14317.17817.21317.24717.282
Woodie16.61316.89216.99017.26917.36717.64617.744
Fibonacci16.92217.06617.15517.29917.44317.53217.676

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): 24.09
MACD (12,26,9): -0.0100
Directional Movement: -26.927
AROON (14): -14.286
DEMA (21): 17.134
Parabolic SAR (0,02-0,02-0,2): 17.194
Elder Ray (13): -0.101
Super Trend (3,10): 17.134
Zig ZAG (10): 17.049
VORTEX (21): 0.7520
Stochastique (14,3,5): 29.46
TEMA (21): 17.124
Williams %R (14): -77.01
Chande Momentum Oscillator (20): -0.109
Repulse (5,40,3): -0.4230
ROCnROLL: 2
TRIX (15,9): 0.0040
Courbe Coppock: 0.41
MA7: 17.194
MA20: 17.284
MA50: 17.367
MA100: 17.469
MAexp7: 17.121
MAexp20: 17.141
MAexp50: 17.148
MAexp100: 17.174
Price / MA7: -0.76%
Price / MA20: -1.28%
Price / MA50: -1.75%
Price / MA100: -2.32%
Price / MAexp7: -0.34%
Price / MAexp20: -0.46%
Price / MAexp50: -0.50%
Price / MAexp100: -0.65%

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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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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