CHF/CZK - 1H - Technical analysis published on 05/04/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 23.524 CZK
My targets
23.593 CZK (+0.034)
23.934 CZK (+0.375)
My analysis
The bullish trend is currently very strong on CHF/CZK. As long as the price remains above the support at 23.524 CZK, you could try to benefit from the boom. The first bullish objective is located at 23.593 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 23.934 CZK as an objective. Crossing it would then enable buyers to target 24.162 CZK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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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 CHF/CZK price is 23.559 CZK. On the day, this instrument gained +0.42% and was between 23.429 CZK and 23.612 CZK. This implies that the price is at +0.55% from its lowest and at -0.22% from its highest.23.429
23.612
23.559
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of CHF/CZK in 1H shows a strongly overall bullish trend. 85.71% 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 market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.450 | 23.480 | 23.524 | 23.559 | 23.564 | 23.593 | 24.162 |
| Change (%) | -0.46% | -0.34% | -0.15% | - | +0.02% | +0.14% | +2.56% |
| Change | -0.109 | -0.079 | -0.035 | - | +0.005 | +0.034 | +0.603 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Major |
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 | 23.158 | 23.271 | 23.366 | 23.479 | 23.574 | 23.687 | 23.782 |
| Camarilla | 23.403 | 23.422 | 23.441 | 23.460 | 23.479 | 23.498 | 23.517 |
| Woodie | 23.148 | 23.267 | 23.356 | 23.475 | 23.564 | 23.683 | 23.772 |
| Fibonacci | 23.271 | 23.351 | 23.400 | 23.479 | 23.559 | 23.608 | 23.687 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.121 | 23.216 | 23.392 | 23.487 | 23.663 | 23.758 | 23.934 |
| Camarilla | 23.494 | 23.518 | 23.543 | 23.568 | 23.593 | 23.618 | 23.643 |
| Woodie | 23.162 | 23.236 | 23.433 | 23.507 | 23.704 | 23.778 | 23.975 |
| Fibonacci | 23.216 | 23.320 | 23.384 | 23.487 | 23.591 | 23.655 | 23.758 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.884 | 23.097 | 23.333 | 23.546 | 23.782 | 23.995 | 24.231 |
| Camarilla | 23.445 | 23.486 | 23.527 | 23.568 | 23.609 | 23.650 | 23.692 |
| Woodie | 22.895 | 23.103 | 23.344 | 23.552 | 23.793 | 24.001 | 24.242 |
| Fibonacci | 23.097 | 23.269 | 23.375 | 23.546 | 23.718 | 23.824 | 23.995 |
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): | 67.49 | |
| MACD (12,26,9): | 0.0190 | |
| Directional Movement: | 16.923 | |
| AROON (14): | 71.428 | |
| DEMA (21): | 23.533 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.493 | |
| Elder Ray (13): | 0.053 | |
| Super Trend (3,10): | 23.478 | |
| Zig ZAG (10): | 23.586 | |
| VORTEX (21): | 1.1960 | |
| Stochastique (14,3,5): | 90.52 | |
| TEMA (21): | 23.560 | |
| Williams %R (14): | -4.35 | |
| Chande Momentum Oscillator (20): | 0.151 | |
| Repulse (5,40,3): | 0.2710 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0050 | |
| Courbe Coppock: | 0.81 |
| MA7: | 23.485 | |
| MA20: | 23.502 | |
| MA50: | 23.593 | |
| MA100: | 23.845 | |
| MAexp7: | 23.535 | |
| MAexp20: | 23.505 | |
| MAexp50: | 23.495 | |
| MAexp100: | 23.488 | |
| Price / MA7: | +0.32% | |
| Price / MA20: | +0.24% | |
| Price / MA50: | -0.14% | |
| Price / MA100: | -1.20% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | +0.27% | |
| Price / MAexp100: | +0.30% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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