CHF/CZK - 1H - Technical analysis published on 06/16/2021 (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
Short term:
Neutral
Underlying:
Bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 23.310 CZK
My targets
23.392 CZK (+0.039)
23.567 CZK (+0.214)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CHF/CZK. As long as you are above the support located at 23.310 CZK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 23.392 CZK would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 23.567 CZK as an objective. Crossing it would then enable buyers to target 24.162 CZK. If the support 23.310 CZK were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
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
4.6
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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 rating is 23.353 CZK. The price is lower by -0.06% since the last closing with the lowest point at 23.323 CZK and the highest point at 23.426 CZK. The deviation from the price is +0.13% for the low point and -0.31% for the high point.23.323
23.426
23.353
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 (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CHF/CZK in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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 horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.285 | 23.310 | 23.348 | 23.353 | 23.392 | 23.567 | 24.162 |
| Change (%) | -0.29% | -0.18% | -0.02% | - | +0.17% | +0.92% | +3.46% |
| Change | -0.068 | -0.043 | -0.005 | - | +0.039 | +0.214 | +0.809 |
| Level | Minor | Minor | Minor | - | Intermediate | Major | 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 | 23.181 | 23.233 | 23.300 | 23.352 | 23.419 | 23.471 | 23.538 |
| Camarilla | 23.335 | 23.346 | 23.357 | 23.368 | 23.379 | 23.390 | 23.401 |
| Woodie | 23.190 | 23.237 | 23.309 | 23.356 | 23.428 | 23.475 | 23.547 |
| Fibonacci | 23.233 | 23.278 | 23.306 | 23.352 | 23.397 | 23.425 | 23.471 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.035 | 23.115 | 23.232 | 23.312 | 23.429 | 23.509 | 23.626 |
| Camarilla | 23.295 | 23.313 | 23.331 | 23.349 | 23.367 | 23.385 | 23.403 |
| Woodie | 23.054 | 23.124 | 23.251 | 23.321 | 23.448 | 23.518 | 23.645 |
| Fibonacci | 23.115 | 23.190 | 23.237 | 23.312 | 23.387 | 23.434 | 23.509 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.384 | 22.733 | 22.938 | 23.287 | 23.492 | 23.841 | 24.046 |
| Camarilla | 22.992 | 23.042 | 23.093 | 23.144 | 23.195 | 23.246 | 23.296 |
| Woodie | 22.313 | 22.697 | 22.867 | 23.251 | 23.421 | 23.805 | 23.975 |
| Fibonacci | 22.733 | 22.944 | 23.075 | 23.287 | 23.498 | 23.629 | 23.841 |
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): | 61.87 | |
| MACD (12,26,9): | 0.0060 | |
| Directional Movement: | 10.329 | |
| AROON (14): | 14.286 | |
| DEMA (21): | 23.374 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.325 | |
| Elder Ray (13): | 0.017 | |
| Super Trend (3,10): | 23.303 | |
| Zig ZAG (10): | 23.380 | |
| VORTEX (21): | 1.0380 | |
| Stochastique (14,3,5): | 55.92 | |
| TEMA (21): | 23.371 | |
| Williams %R (14): | -45.63 | |
| Chande Momentum Oscillator (20): | 0.015 | |
| Repulse (5,40,3): | -0.0610 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0030 | |
| Courbe Coppock: | 0.00 |
| MA7: | 23.323 | |
| MA20: | 23.254 | |
| MA50: | 23.361 | |
| MA100: | 23.547 | |
| MAexp7: | 23.368 | |
| MAexp20: | 23.366 | |
| MAexp50: | 23.352 | |
| MAexp100: | 23.331 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | +0.43% | |
| Price / MA50: | -0.03% | |
| Price / MA100: | -0.82% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | +0.09% |
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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