CAD/CZK - 1H - Technical analysis published on 03/25/2020 (GMT)
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- Timeframe : 1H
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- Status : NEUTRAL
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Neutral
Technical indicators
39%
28%
33%
My opinion
Neutral between 17.628 CZK and 17.769 CZK
My targets
-
My analysis
The basic trend is neutral and the short term is tentatively bearish. With such a pattern, it is difficult to favour buying or selling. The first support is located at 17.628 CZK. The first resistance is located at 17.769 CZK. However, the probabilities of moving towards the first support before the first resistance are slightly higher. Without a basic trend, it is important to monitor the price response at these levels. A bearish break in the support or a bullish break in the resistance could provide a signal that would set the new direction of the basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement recorded by CAD/CZK.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this 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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/CZK price is 17.718 CZK. The price has increased by -0.34% since the last closing and was between 17.703 CZK and 17.883 CZK. This implies that the price is at +0.08% from its lowest and at -0.92% from its highest.17.703
17.883
17.718
Here is a more detailed summary of the historical variations registered by CAD/CZK:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on CAD/CZK were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of CAD/CZK in 1H shows a neutral overall trend. The slightly bearish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bearish trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 17.110 | 17.287 | 17.490 | 17.718 | 17.769 | 17.870 | 18.114 |
Change (%) | -3.43% | -2.43% | -1.29% | - | +0.29% | +0.86% | +2.24% |
Change | -0.608 | -0.431 | -0.228 | - | +0.051 | +0.152 | +0.396 |
Level | Intermediate | Major | Major | - | Minor | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 17.258 | 17.402 | 17.591 | 17.735 | 17.924 | 18.068 | 18.257 |
Camarilla | 17.687 | 17.718 | 17.749 | 17.779 | 17.810 | 17.840 | 17.871 |
Woodie | 17.280 | 17.413 | 17.613 | 17.746 | 17.946 | 18.079 | 18.279 |
Fibonacci | 17.402 | 17.530 | 17.608 | 17.735 | 17.863 | 17.941 | 18.068 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 15.985 | 16.470 | 17.143 | 17.628 | 18.301 | 18.786 | 19.459 |
Camarilla | 17.497 | 17.603 | 17.709 | 17.815 | 17.921 | 18.027 | 18.134 |
Woodie | 16.078 | 16.517 | 17.236 | 17.675 | 18.394 | 18.833 | 19.552 |
Fibonacci | 16.470 | 16.913 | 17.186 | 17.628 | 18.071 | 18.344 | 18.786 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 41.70 | |
MACD (12,26,9): | 0.0100 | |
Directional Movement: | -6.510 | |
AROON (14): | 85.714 | |
DEMA (21): | 17.797 | |
Parabolic SAR (0,02-0,02-0,2): | 17.883 | |
Elder Ray (13): | -0.013 | |
Super Trend (3,10): | 17.861 | |
Zig ZAG (10): | 17.738 | |
VORTEX (21): | 1.0670 | |
Stochastique (14,3,5): | 66.83 | |
TEMA (21): | 17.819 | |
Williams %R (14): | -65.46 | |
Chande Momentum Oscillator (20): | 0.024 | |
Repulse (5,40,3): | -0.3850 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0050 | |
Courbe Coppock: | 1.01 |
MA7: | 17.705 | |
MA20: | 17.203 | |
MA50: | 17.273 | |
MA100: | 17.349 | |
MAexp7: | 17.813 | |
MAexp20: | 17.783 | |
MAexp50: | 17.771 | |
MAexp100: | 17.708 | |
Price / MA7: | +0.07% | |
Price / MA20: | +2.99% | |
Price / MA50: | +2.58% | |
Price / MA100: | +2.13% | |
Price / MAexp7: | -0.53% | |
Price / MAexp20: | -0.37% | |
Price / MAexp50: | -0.30% | |
Price / MAexp100: | +0.06% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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