CHF/CZK - Daily - Technical analysis published on 01/16/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 24.592 CZK
My targets
23.544 CZK (-0.369)
22.997 CZK (-0.916)
My analysis
The bearish trend is currently very strong for CHF/CZK. As long as the price remains below the resistance at 24.592 CZK, you could try to take advantage of the bearish rally. The first bearish objective is located at 23.544 CZK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 22.997 CZK as an objective. Crossing it would then enable sellers to target 22.430 CZK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.3
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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 23.913 CZK. The price has increased by +0.00% since the last closing with the lowest point at 23.863 CZK and the highest point at 23.939 CZK. The deviation from the price is +0.21% for the low point and -0.11% for the high point.23.863
23.939
23.913
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
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 this Daily chart of CHF/CZK indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
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 | 22.997 | 23.544 | 23.874 | 23.913 | 24.592 | 24.957 | 25.361 |
| Change (%) | -3.83% | -1.54% | -0.16% | - | +2.84% | +4.37% | +6.06% |
| Change | -0.916 | -0.369 | -0.039 | - | +0.679 | +1.044 | +1.448 |
| Level | Major | Intermediate | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.684 | 23.740 | 23.827 | 23.883 | 23.970 | 24.026 | 24.113 |
| Camarilla | 23.875 | 23.888 | 23.901 | 23.914 | 23.927 | 23.940 | 23.953 |
| Woodie | 23.700 | 23.748 | 23.843 | 23.891 | 23.986 | 24.034 | 24.129 |
| Fibonacci | 23.740 | 23.795 | 23.828 | 23.883 | 23.938 | 23.971 | 24.026 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.093 | 23.445 | 23.679 | 24.031 | 24.265 | 24.617 | 24.851 |
| Camarilla | 23.753 | 23.807 | 23.860 | 23.914 | 23.968 | 24.021 | 24.075 |
| Woodie | 23.035 | 23.416 | 23.621 | 24.002 | 24.207 | 24.588 | 24.793 |
| Fibonacci | 23.445 | 23.669 | 23.807 | 24.031 | 24.255 | 24.393 | 24.617 |
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): | 27.92 | |
| MACD (12,26,9): | -0.1810 | |
| Directional Movement: | -20.982 | |
| AROON (14): | -78.571 | |
| DEMA (21): | 24.057 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.170 | |
| Elder Ray (13): | -0.273 | |
| Super Trend (3,10): | 24.412 | |
| Zig ZAG (10): | 23.917 | |
| VORTEX (21): | 0.8350 | |
| Stochastique (14,3,5): | 11.30 | |
| TEMA (21): | 23.967 | |
| Williams %R (14): | -85.71 | |
| Chande Momentum Oscillator (20): | -0.671 | |
| Repulse (5,40,3): | -0.4080 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0740 | |
| Courbe Coppock: | 3.73 |
| MA7: | 24.065 | |
| MA20: | 24.337 | |
| MA50: | 24.560 | |
| MA100: | 24.884 | |
| MAexp7: | 24.046 | |
| MAexp20: | 24.273 | |
| MAexp50: | 24.516 | |
| MAexp100: | 24.671 | |
| Price / MA7: | -0.63% | |
| Price / MA20: | -1.74% | |
| Price / MA50: | -2.63% | |
| Price / MA100: | -3.90% | |
| Price / MAexp7: | -0.55% | |
| Price / MAexp20: | -1.48% | |
| Price / MAexp50: | -2.46% | |
| Price / MAexp100: | -3.07% |
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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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