CHF/CZK - 1H - Technical analysis published on 04/16/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 25.619 CZK
My targets
25.842 CZK (+0.128)
26.149 CZK (+0.435)
My analysis
CHF/CZK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 25.619 CZK. The next resistance located at 25.842 CZK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 26.149 CZK. After this resistance, buyers could then target 26.260 CZK. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7.5
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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
CHF/CZK rating 25.714 CZK. On the day, this instrument gained +0.11% and was between 25.653 CZK and 25.781 CZK. This implies that the price is at +0.24% from its lowest and at -0.26% from its highest.25.653
25.781
25.714
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/CZK indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.400 | 25.516 | 25.619 | 25.714 | 25.842 | 26.149 | 26.260 |
| Change (%) | -1.22% | -0.77% | -0.37% | - | +0.50% | +1.69% | +2.12% |
| Change | -0.314 | -0.198 | -0.095 | - | +0.128 | +0.435 | +0.546 |
| Level | Major | Minor | Intermediate | - | Major | Intermediate | 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 | 25.148 | 25.290 | 25.488 | 25.630 | 25.828 | 25.970 | 26.168 |
| Camarilla | 25.592 | 25.623 | 25.654 | 25.685 | 25.716 | 25.747 | 25.779 |
| Woodie | 25.175 | 25.304 | 25.515 | 25.644 | 25.855 | 25.984 | 26.195 |
| Fibonacci | 25.290 | 25.420 | 25.501 | 25.630 | 25.760 | 25.841 | 25.970 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.334 | 24.870 | 25.219 | 25.755 | 26.104 | 26.640 | 26.989 |
| Camarilla | 25.324 | 25.405 | 25.486 | 25.567 | 25.648 | 25.729 | 25.810 |
| Woodie | 24.240 | 24.823 | 25.125 | 25.708 | 26.010 | 26.593 | 26.895 |
| Fibonacci | 24.870 | 25.208 | 25.417 | 25.755 | 26.093 | 26.302 | 26.640 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.238 | 22.453 | 24.134 | 25.349 | 27.030 | 28.245 | 29.926 |
| Camarilla | 25.018 | 25.283 | 25.549 | 25.814 | 26.080 | 26.345 | 26.610 |
| Woodie | 21.470 | 22.570 | 24.366 | 25.466 | 27.262 | 28.362 | 30.158 |
| Fibonacci | 22.453 | 23.560 | 24.243 | 25.349 | 26.456 | 27.139 | 28.245 |
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): | 55.36 | |
| MACD (12,26,9): | 0.0330 | |
| Directional Movement: | 7.659 | |
| AROON (14): | 71.429 | |
| DEMA (21): | 25.735 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.592 | |
| Elder Ray (13): | 0.015 | |
| Super Trend (3,10): | 25.778 | |
| Zig ZAG (10): | 25.713 | |
| VORTEX (21): | 1.0560 | |
| Stochastique (14,3,5): | 59.26 | |
| TEMA (21): | 25.729 | |
| Williams %R (14): | -39.16 | |
| Chande Momentum Oscillator (20): | 0.027 | |
| Repulse (5,40,3): | 0.0050 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0230 | |
| Courbe Coppock: | 0.23 |
| MA7: | 25.596 | |
| MA20: | 25.827 | |
| MA50: | 24.787 | |
| MA100: | 24.087 | |
| MAexp7: | 25.709 | |
| MAexp20: | 25.686 | |
| MAexp50: | 25.624 | |
| MAexp100: | 25.606 | |
| Price / MA7: | +0.46% | |
| Price / MA20: | -0.44% | |
| Price / MA50: | +3.74% | |
| Price / MA100: | +6.75% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +0.42% |
This member declared not having a position on this financial instrument or a related financial instrument.
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