CHF/CZK - 1H - Technical analysis published on 05/21/2020 (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:
Strongly bearish
Technical indicators
22%
72%
6%
My opinion
Bearish under 25.576 CZK
My targets
25.400 CZK (-0.121)
25.366 CZK (-0.155)
My analysis
CHF/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 25.576 CZK. The next support located at 25.400 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 25.366 CZK. Below this support, sellers could then target 23.895 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
7.7
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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 25.521 CZK. On the day, this instrument lost -1.07% with the lowest point at 25.450 CZK and the highest point at 25.832 CZK. The deviation from the price is +0.28% for the low point and -1.20% for the high point.25.450
25.832
25.521
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/CZK:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 CHF/CZK indicates that the overall trend is strongly bearish. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 1 are neutral and 13 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 23.480 | 23.895 | 25.400 | 25.521 | 25.752 | 25.954 | 26.082 |
| Change (%) | -8.00% | -6.37% | -0.47% | - | +0.91% | +1.70% | +2.20% |
| Change | -2.041 | -1.626 | -0.121 | - | +0.231 | +0.433 | +0.561 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.461 | 25.592 | 25.694 | 25.825 | 25.927 | 26.058 | 26.160 |
| Camarilla | 25.733 | 25.754 | 25.776 | 25.797 | 25.818 | 25.840 | 25.861 |
| Woodie | 25.448 | 25.585 | 25.681 | 25.818 | 25.914 | 26.051 | 26.147 |
| Fibonacci | 25.592 | 25.681 | 25.736 | 25.825 | 25.914 | 25.969 | 26.058 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.366 | 25.576 | 25.967 | 26.177 | 26.568 | 26.778 | 27.169 |
| Camarilla | 26.193 | 26.248 | 26.303 | 26.358 | 26.413 | 26.468 | 26.523 |
| Woodie | 25.457 | 25.621 | 26.058 | 26.222 | 26.659 | 26.823 | 27.260 |
| Fibonacci | 25.576 | 25.806 | 25.947 | 26.177 | 26.407 | 26.548 | 26.778 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.196 | 24.783 | 25.206 | 25.793 | 26.216 | 26.803 | 27.226 |
| Camarilla | 25.352 | 25.445 | 25.537 | 25.630 | 25.723 | 25.815 | 25.908 |
| Woodie | 24.115 | 24.742 | 25.125 | 25.752 | 26.135 | 26.762 | 27.145 |
| Fibonacci | 24.783 | 25.169 | 25.407 | 25.793 | 26.179 | 26.417 | 26.803 |
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): | 28.83 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -26.302 | |
| AROON (14): | -71.428 | |
| DEMA (21): | 25.597 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.675 | |
| Elder Ray (13): | -0.124 | |
| Super Trend (3,10): | 25.702 | |
| Zig ZAG (10): | 25.568 | |
| VORTEX (21): | 0.7440 | |
| Stochastique (14,3,5): | 17.10 | |
| TEMA (21): | 25.562 | |
| Williams %R (14): | -67.54 | |
| Chande Momentum Oscillator (20): | -0.234 | |
| Repulse (5,40,3): | 0.0460 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.54 |
| MA7: | 26.013 | |
| MA20: | 25.872 | |
| MA50: | 25.867 | |
| MA100: | 24.731 | |
| MAexp7: | 25.594 | |
| MAexp20: | 25.675 | |
| MAexp50: | 25.791 | |
| MAexp100: | 25.901 | |
| Price / MA7: | -1.89% | |
| Price / MA20: | -1.36% | |
| Price / MA50: | -1.34% | |
| Price / MA100: | +3.19% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -0.60% | |
| Price / MAexp50: | -1.05% | |
| Price / MAexp100: | -1.47% |
This member declared not having a position on this financial instrument or a related financial instrument.
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