CHF/CZK - 1H - Technical analysis published on 01/04/2023 (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 bearish
Underlying:
Strongly bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 24.449 CZK
My targets
24.301 CZK (-0.089)
24.111 CZK (-0.279)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/CZK as long as the price remains well below 24.449 CZK. The sellers' bearish objective is set at 24.301 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 24.111 CZK. In case of crossing, the next objective would be the support located at 23.874 CZK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
5.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/CZK rating is 24.390 CZK. The price registered an increase of +0.00% on the session and was between 24.366 CZK and 24.401 CZK. This implies that the price is at +0.10% from its lowest and at -0.05% from its highest.24.366
24.401
24.390
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/CZK:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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 support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 24.111 | 24.301 | 24.380 | 24.390 | 24.449 | 24.480 | 24.543 |
| Change (%) | -1.14% | -0.36% | -0.04% | - | +0.24% | +0.37% | +0.63% |
| Change | -0.279 | -0.089 | -0.010 | - | +0.059 | +0.090 | +0.153 |
| Level | Minor | Intermediate | Major | - | Minor | Minor | Intermediate |
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 | 23.991 | 24.135 | 24.263 | 24.407 | 24.535 | 24.679 | 24.807 |
| Camarilla | 24.316 | 24.341 | 24.366 | 24.391 | 24.416 | 24.441 | 24.466 |
| Woodie | 23.983 | 24.131 | 24.255 | 24.403 | 24.527 | 24.675 | 24.799 |
| Fibonacci | 24.135 | 24.239 | 24.303 | 24.407 | 24.511 | 24.575 | 24.679 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.069 | 24.220 | 24.319 | 24.470 | 24.569 | 24.720 | 24.819 |
| Camarilla | 24.348 | 24.371 | 24.394 | 24.417 | 24.440 | 24.463 | 24.486 |
| Woodie | 24.042 | 24.207 | 24.292 | 24.457 | 24.542 | 24.707 | 24.792 |
| Fibonacci | 24.220 | 24.316 | 24.375 | 24.470 | 24.566 | 24.625 | 24.720 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.817 | 24.094 | 24.256 | 24.533 | 24.695 | 24.972 | 25.134 |
| Camarilla | 24.296 | 24.337 | 24.377 | 24.417 | 24.457 | 24.498 | 24.538 |
| Woodie | 23.759 | 24.065 | 24.198 | 24.504 | 24.637 | 24.943 | 25.076 |
| Fibonacci | 24.094 | 24.262 | 24.366 | 24.533 | 24.701 | 24.805 | 24.972 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.53 | |
| MACD (12,26,9): | -0.0260 | |
| Directional Movement: | -5.227 | |
| AROON (14): | -14.285 | |
| DEMA (21): | 24.366 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.289 | |
| Elder Ray (13): | -0.004 | |
| Super Trend (3,10): | 24.488 | |
| Zig ZAG (10): | 24.386 | |
| VORTEX (21): | 0.8680 | |
| Stochastique (14,3,5): | 57.12 | |
| TEMA (21): | 24.356 | |
| Williams %R (14): | -40.56 | |
| Chande Momentum Oscillator (20): | -0.050 | |
| Repulse (5,40,3): | 0.0430 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0170 | |
| Courbe Coppock: | 0.70 |
| MA7: | 24.479 | |
| MA20: | 24.537 | |
| MA50: | 24.659 | |
| MA100: | 25.002 | |
| MAexp7: | 24.380 | |
| MAexp20: | 24.401 | |
| MAexp50: | 24.439 | |
| MAexp100: | 24.469 | |
| Price / MA7: | -0.36% | |
| Price / MA20: | -0.60% | |
| Price / MA50: | -1.09% | |
| Price / MA100: | -2.45% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.31% |
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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