CHF/CZK - 1H - Technical analysis published on 08/15/2022 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 25.164 CZK
My targets
25.269 CZK (+0.037)
25.304 CZK (+0.072)
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 25.164 CZK. The next resistance located at 25.269 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 25.304 CZK. After this resistance, buyers could then target 25.350 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
7.9
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Additional analysis
Quotes
The CHF/CZK rating is 25.232 CZK. On the day, this instrument gained +0.01% and was traded between 25.190 CZK and 25.256 CZK over the period. The price is currently at +0.17% from its lowest and -0.10% from its highest.25.190
25.256
25.232
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/CZK chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
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 | 25.098 | 25.164 | 25.220 | 25.232 | 25.269 | 25.304 | 25.350 |
| Change (%) | -0.53% | -0.27% | -0.05% | - | +0.15% | +0.29% | +0.47% |
| Change | -0.134 | -0.068 | -0.012 | - | +0.037 | +0.072 | +0.118 |
| Level | Minor | Major | Intermediate | - | Major | Minor | 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 | 24.873 | 24.954 | 25.092 | 25.173 | 25.311 | 25.392 | 25.530 |
| Camarilla | 25.170 | 25.190 | 25.210 | 25.230 | 25.250 | 25.270 | 25.290 |
| Woodie | 24.902 | 24.968 | 25.121 | 25.187 | 25.340 | 25.406 | 25.559 |
| Fibonacci | 24.954 | 25.038 | 25.089 | 25.173 | 25.257 | 25.308 | 25.392 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.751 | 24.857 | 25.043 | 25.149 | 25.335 | 25.441 | 25.627 |
| Camarilla | 25.150 | 25.177 | 25.203 | 25.230 | 25.257 | 25.284 | 25.310 |
| Woodie | 24.792 | 24.877 | 25.084 | 25.169 | 25.376 | 25.461 | 25.668 |
| Fibonacci | 24.857 | 24.968 | 25.037 | 25.149 | 25.260 | 25.329 | 25.441 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.031 | 24.317 | 24.815 | 25.101 | 25.599 | 25.885 | 26.383 |
| Camarilla | 25.098 | 25.170 | 25.242 | 25.314 | 25.386 | 25.458 | 25.530 |
| Woodie | 24.138 | 24.370 | 24.922 | 25.154 | 25.706 | 25.938 | 26.490 |
| Fibonacci | 24.317 | 24.616 | 24.801 | 25.101 | 25.400 | 25.585 | 25.885 |
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): | 63.17 | |
| MACD (12,26,9): | 0.0310 | |
| Directional Movement: | 18.744 | |
| AROON (14): | 78.571 | |
| DEMA (21): | 25.244 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.201 | |
| Elder Ray (13): | 0.027 | |
| Super Trend (3,10): | 25.149 | |
| Zig ZAG (10): | 25.240 | |
| VORTEX (21): | 1.2040 | |
| Stochastique (14,3,5): | 72.98 | |
| TEMA (21): | 25.251 | |
| Williams %R (14): | -27.63 | |
| Chande Momentum Oscillator (20): | 0.039 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.29 |
| MA7: | 25.138 | |
| MA20: | 25.108 | |
| MA50: | 24.706 | |
| MA100: | 24.309 | |
| MAexp7: | 25.230 | |
| MAexp20: | 25.202 | |
| MAexp50: | 25.155 | |
| MAexp100: | 25.138 | |
| Price / MA7: | +0.37% | |
| Price / MA20: | +0.49% | |
| Price / MA50: | +2.13% | |
| Price / MA100: | +3.80% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.38% |
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.
About author
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