CAD/CZK - 1H - Technical analysis published on 02/25/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 17.490 CZK
My targets
17.325 CZK (-0.138)
17.297 CZK (-0.166)
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 17.490 CZK. The sellers” bearish objective is set at 17.325 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 17.297 CZK. In case of crossing, the next objective would be the support located at 17.237 CZK.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
3.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/CZK price is 17.463 CZK. The price registered an increase of -0.33% on the session with the lowest point at 17.452 CZK and the highest point at 17.537 CZK. The deviation from the price is +0.06% for the low point and -0.42% for the high point.17.452
17.537
17.463
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this CAD/CZK chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 17.297 | 17.325 | 17.456 | 17.463 | 17.490 | 17.553 | 17.581 |
| Change (%) | -0.95% | -0.79% | -0.04% | - | +0.15% | +0.52% | +0.68% |
| Change | -0.166 | -0.138 | -0.007 | - | +0.027 | +0.090 | +0.118 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.270 | 17.345 | 17.432 | 17.507 | 17.594 | 17.669 | 17.756 |
| Camarilla | 17.476 | 17.490 | 17.505 | 17.520 | 17.535 | 17.550 | 17.565 |
| Woodie | 17.277 | 17.348 | 17.439 | 17.510 | 17.601 | 17.672 | 17.763 |
| Fibonacci | 17.345 | 17.407 | 17.445 | 17.507 | 17.569 | 17.607 | 17.669 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.022 | 17.145 | 17.307 | 17.430 | 17.592 | 17.715 | 17.877 |
| Camarilla | 17.391 | 17.417 | 17.443 | 17.469 | 17.495 | 17.521 | 17.547 |
| Woodie | 17.042 | 17.155 | 17.327 | 17.440 | 17.612 | 17.725 | 17.897 |
| Fibonacci | 17.145 | 17.254 | 17.321 | 17.430 | 17.539 | 17.606 | 17.715 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.673 | 16.922 | 17.050 | 17.299 | 17.427 | 17.676 | 17.804 |
| Camarilla | 17.074 | 17.109 | 17.143 | 17.178 | 17.213 | 17.247 | 17.282 |
| Woodie | 16.613 | 16.892 | 16.990 | 17.269 | 17.367 | 17.646 | 17.744 |
| Fibonacci | 16.922 | 17.066 | 17.155 | 17.299 | 17.443 | 17.532 | 17.676 |
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): | 41.51 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | -1.230 | |
| AROON (14): | -35.714 | |
| DEMA (21): | 17.502 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.537 | |
| Elder Ray (13): | -0.017 | |
| Super Trend (3,10): | 17.447 | |
| Zig ZAG (10): | 17.465 | |
| VORTEX (21): | 0.9670 | |
| Stochastique (14,3,5): | 45.93 | |
| TEMA (21): | 17.499 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.038 | |
| Repulse (5,40,3): | -0.4140 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0020 | |
| Courbe Coppock: | 0.02 |
| MA7: | 17.459 | |
| MA20: | 17.303 | |
| MA50: | 17.359 | |
| MA100: | 17.422 | |
| MAexp7: | 17.503 | |
| MAexp20: | 17.500 | |
| MAexp50: | 17.494 | |
| MAexp100: | 17.474 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | +0.92% | |
| Price / MA50: | +0.60% | |
| Price / MA100: | +0.24% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.06% |
This member declared not having a position on this financial instrument or a related financial instrument.
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