CHF/CZK - 1H - Technical analysis published on 12/05/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 24.692 CZK
My targets
24.592 CZK (-0.064)
24.301 CZK (-0.355)
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 24.692 CZK. The next support located at 24.592 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 24.301 CZK. Below this support, sellers could then target 24.111 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.1
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/CZK rating 24.656 CZK. The price is lower by -0.02% since the last closing with the lowest point at 24.625 CZK and the highest point at 24.695 CZK. The deviation from the price is +0.13% for the low point and -0.16% for the high point.24.625
24.695
24.656
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/CZK in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
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 | 24.301 | 24.592 | 24.641 | 24.656 | 24.692 | 24.765 | 24.873 |
| Change (%) | -1.44% | -0.26% | -0.06% | - | +0.15% | +0.44% | +0.88% |
| Change | -0.355 | -0.064 | -0.015 | - | +0.036 | +0.109 | +0.217 |
| Level | Minor | Major | Intermediate | - | Minor | 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 | 24.441 | 24.545 | 24.603 | 24.707 | 24.765 | 24.869 | 24.927 |
| Camarilla | 24.617 | 24.631 | 24.646 | 24.661 | 24.676 | 24.691 | 24.706 |
| Woodie | 24.418 | 24.534 | 24.580 | 24.696 | 24.742 | 24.858 | 24.904 |
| Fibonacci | 24.545 | 24.607 | 24.645 | 24.707 | 24.769 | 24.807 | 24.869 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.310 | 24.466 | 24.563 | 24.719 | 24.816 | 24.972 | 25.069 |
| Camarilla | 24.591 | 24.615 | 24.638 | 24.661 | 24.684 | 24.707 | 24.731 |
| Woodie | 24.282 | 24.451 | 24.535 | 24.704 | 24.788 | 24.957 | 25.041 |
| Fibonacci | 24.466 | 24.562 | 24.622 | 24.719 | 24.815 | 24.875 | 24.972 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.796 | 24.117 | 24.430 | 24.751 | 25.064 | 25.385 | 25.698 |
| Camarilla | 24.569 | 24.627 | 24.685 | 24.743 | 24.801 | 24.859 | 24.917 |
| Woodie | 23.792 | 24.115 | 24.426 | 24.749 | 25.060 | 25.383 | 25.694 |
| Fibonacci | 24.117 | 24.359 | 24.509 | 24.751 | 24.993 | 25.143 | 25.385 |
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): | 41.26 | |
| MACD (12,26,9): | -0.0230 | |
| Directional Movement: | -7.154 | |
| AROON (14): | -35.714 | |
| DEMA (21): | 24.645 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.658 | |
| Elder Ray (13): | -0.019 | |
| Super Trend (3,10): | 24.741 | |
| Zig ZAG (10): | 24.647 | |
| VORTEX (21): | 0.8520 | |
| Stochastique (14,3,5): | 15.04 | |
| TEMA (21): | 24.631 | |
| Williams %R (14): | -75.34 | |
| Chande Momentum Oscillator (20): | -0.028 | |
| Repulse (5,40,3): | -0.0340 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0120 | |
| Courbe Coppock: | 0.58 |
| MA7: | 24.721 | |
| MA20: | 24.765 | |
| MA50: | 24.947 | |
| MA100: | 25.135 | |
| MAexp7: | 24.648 | |
| MAexp20: | 24.674 | |
| MAexp50: | 24.702 | |
| MAexp100: | 24.722 | |
| Price / MA7: | -0.26% | |
| Price / MA20: | -0.44% | |
| Price / MA50: | -1.17% | |
| Price / MA100: | -1.91% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.25% |
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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