CHF/CZK - 1H - Technical analysis published on 11/10/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 23.905 CZK
My targets
23.750 CZK (-0.121)
23.657 CZK (-0.214)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 23.905 CZK remains possible. It is advisable to trade CHF/CZK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 23.905 CZK. The next bearish objective for sellers is set at 23.750 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 23.657 CZK. In case of crossing, the next objective would be the support located at 23.565 CZK. PS: if there is a bullish break in the resistance located at 23.905 CZK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
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 23.871 CZK. On the day, this instrument lost -0.12% and was traded between 23.834 CZK and 23.914 CZK over the period. The price is currently at +0.16% from its lowest and -0.18% from its highest.23.834
23.914
23.871
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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 an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
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.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
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 Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.657 | 23.750 | 23.849 | 23.871 | 23.905 | 24.116 | 24.249 |
| Change (%) | -0.90% | -0.51% | -0.09% | - | +0.14% | +1.03% | +1.58% |
| Change | -0.214 | -0.121 | -0.022 | - | +0.034 | +0.245 | +0.378 |
| Level | Major | Intermediate | Major | - | Minor | Intermediate | 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 | 23.625 | 23.692 | 23.796 | 23.863 | 23.967 | 24.034 | 24.138 |
| Camarilla | 23.852 | 23.868 | 23.883 | 23.899 | 23.915 | 23.930 | 23.946 |
| Woodie | 23.643 | 23.701 | 23.814 | 23.872 | 23.985 | 24.043 | 24.156 |
| Fibonacci | 23.692 | 23.758 | 23.798 | 23.863 | 23.929 | 23.969 | 24.034 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.366 | 23.613 | 23.790 | 24.037 | 24.214 | 24.461 | 24.638 |
| Camarilla | 23.849 | 23.888 | 23.927 | 23.966 | 24.005 | 24.044 | 24.083 |
| Woodie | 23.330 | 23.596 | 23.754 | 24.020 | 24.178 | 24.444 | 24.602 |
| Fibonacci | 23.613 | 23.775 | 23.875 | 24.037 | 24.199 | 24.299 | 24.461 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.755 | 23.072 | 23.659 | 23.976 | 24.563 | 24.880 | 25.467 |
| Camarilla | 23.996 | 24.079 | 24.162 | 24.245 | 24.328 | 24.411 | 24.494 |
| Woodie | 22.889 | 23.140 | 23.793 | 24.044 | 24.697 | 24.948 | 25.601 |
| Fibonacci | 23.072 | 23.418 | 23.631 | 23.976 | 24.322 | 24.535 | 24.880 |
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): | 43.52 | |
| MACD (12,26,9): | 0.0070 | |
| Directional Movement: | -13.046 | |
| AROON (14): | -85.714 | |
| DEMA (21): | 23.891 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.931 | |
| Elder Ray (13): | -0.017 | |
| Super Trend (3,10): | 23.815 | |
| Zig ZAG (10): | 23.859 | |
| VORTEX (21): | 1.0650 | |
| Stochastique (14,3,5): | 44.43 | |
| TEMA (21): | 23.901 | |
| Williams %R (14): | -69.07 | |
| Chande Momentum Oscillator (20): | -0.057 | |
| Repulse (5,40,3): | -0.1160 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0060 | |
| Courbe Coppock: | 0.26 |
| MA7: | 23.978 | |
| MA20: | 23.986 | |
| MA50: | 23.670 | |
| MA100: | 23.635 | |
| MAexp7: | 23.889 | |
| MAexp20: | 23.881 | |
| MAexp50: | 23.888 | |
| MAexp100: | 23.936 | |
| Price / MA7: | -0.45% | |
| Price / MA20: | -0.48% | |
| Price / MA50: | +0.85% | |
| Price / MA100: | +1.00% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.27% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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