CAD/CZK - 1H - Technical analysis published on 03/09/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 16.448 CZK
My targets
16.392 CZK (-0.004)
16.257 CZK (-0.139)
My analysis
CAD/CZK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 16.448 CZK. The next support located at 16.392 CZK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 16.257 CZK. Below this support, sellers could then target 15.735 CZK. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.5
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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 rating is 16.396 CZK. On the day, this instrument lost -2.17% and was between 16.107 CZK and 16.561 CZK. This implies that the price is at +1.79% from its lowest and at -1.00% from its highest.16.107
16.561
16.396
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
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 (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/CZK in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 14.409 | 15.735 | 16.396 | 16.448 | 16.646 | 16.957 |
| Change (%) | -12.12% | -4.03% | - | +0.32% | +1.52% | +3.42% |
| Change | -1.987 | -0.661 | - | +0.052 | +0.250 | +0.561 |
| Level | Minor | Intermediate | - | Major | Intermediate | Major |
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 | 16.386 | 16.516 | 16.638 | 16.768 | 16.890 | 17.020 | 17.142 |
| Camarilla | 16.691 | 16.714 | 16.737 | 16.760 | 16.783 | 16.806 | 16.829 |
| Woodie | 16.382 | 16.514 | 16.634 | 16.766 | 16.886 | 17.018 | 17.138 |
| Fibonacci | 16.516 | 16.612 | 16.672 | 16.768 | 16.864 | 16.924 | 17.020 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.867 | 16.257 | 16.508 | 16.898 | 17.149 | 17.539 | 17.790 |
| Camarilla | 16.584 | 16.643 | 16.701 | 16.760 | 16.819 | 16.878 | 16.936 |
| Woodie | 15.799 | 16.222 | 16.440 | 16.863 | 17.081 | 17.504 | 17.722 |
| Fibonacci | 16.257 | 16.502 | 16.653 | 16.898 | 17.143 | 17.294 | 17.539 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.392 | 16.706 | 16.965 | 17.279 | 17.538 | 17.852 | 18.111 |
| Camarilla | 17.066 | 17.119 | 17.172 | 17.224 | 17.277 | 17.329 | 17.382 |
| Woodie | 16.365 | 16.692 | 16.938 | 17.265 | 17.511 | 17.838 | 18.084 |
| Fibonacci | 16.706 | 16.925 | 17.060 | 17.279 | 17.498 | 17.633 | 17.852 |
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): | 47.12 | |
| MACD (12,26,9): | -0.0580 | |
| Directional Movement: | -10.101 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 16.384 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.223 | |
| Elder Ray (13): | 0.026 | |
| Super Trend (3,10): | 16.630 | |
| Zig ZAG (10): | 16.447 | |
| VORTEX (21): | 0.9420 | |
| Stochastique (14,3,5): | 70.79 | |
| TEMA (21): | 16.397 | |
| Williams %R (14): | -55.07 | |
| Chande Momentum Oscillator (20): | 0.029 | |
| Repulse (5,40,3): | -0.5340 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0760 | |
| Courbe Coppock: | 0.06 |
| MA7: | 16.924 | |
| MA20: | 17.217 | |
| MA50: | 17.280 | |
| MA100: | 17.367 | |
| MAexp7: | 16.451 | |
| MAexp20: | 16.475 | |
| MAexp50: | 16.617 | |
| MAexp100: | 16.777 | |
| Price / MA7: | -3.12% | |
| Price / MA20: | -4.77% | |
| Price / MA50: | -5.12% | |
| Price / MA100: | -5.59% | |
| Price / MAexp7: | -0.33% | |
| Price / MAexp20: | -0.48% | |
| Price / MAexp50: | -1.33% | |
| Price / MAexp100: | -2.27% |
This member declared not having a position on this financial instrument or a related financial instrument.
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