CHF/CZK - 1H - Technical analysis published on 01/27/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 23.501 CZK
My targets
23.820 CZK (+0.179)
23.891 CZK (+0.250)
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 23.501 CZK. The next resistance located at 23.820 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 23.891 CZK. After this resistance, buyers could then target 24.626 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.8
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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 23.641 CZK. The price registered an increase of +0.60% on the session with the lowest point at 23.482 CZK and the highest point at 23.662 CZK. The deviation from the price is +0.68% for the low point and -0.09% for the high point.23.482
23.662
23.641
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 LOW record (1st january)
Type : Bearish
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. This strongly bullish trend is supported by the strong bullish 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, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 23.446 | 23.480 | 23.501 | 23.641 | 23.657 | 23.891 | 24.626 |
Change (%) | -0.82% | -0.68% | -0.59% | - | +0.07% | +1.06% | +4.17% |
Change | -0.195 | -0.161 | -0.140 | - | +0.016 | +0.250 | +0.985 |
Level | Major | 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 | 23.339 | 23.377 | 23.439 | 23.477 | 23.539 | 23.577 | 23.639 |
Camarilla | 23.473 | 23.482 | 23.491 | 23.500 | 23.509 | 23.518 | 23.528 |
Woodie | 23.350 | 23.383 | 23.450 | 23.483 | 23.550 | 23.583 | 23.650 |
Fibonacci | 23.377 | 23.416 | 23.439 | 23.477 | 23.516 | 23.539 | 23.577 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 23.112 | 23.196 | 23.348 | 23.432 | 23.584 | 23.668 | 23.820 |
Camarilla | 23.435 | 23.457 | 23.478 | 23.500 | 23.522 | 23.543 | 23.565 |
Woodie | 23.146 | 23.213 | 23.382 | 23.449 | 23.618 | 23.685 | 23.854 |
Fibonacci | 23.196 | 23.286 | 23.342 | 23.432 | 23.522 | 23.578 | 23.668 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 22.839 | 22.984 | 23.223 | 23.368 | 23.607 | 23.752 | 23.991 |
Camarilla | 23.357 | 23.393 | 23.428 | 23.463 | 23.498 | 23.533 | 23.569 |
Woodie | 22.887 | 23.008 | 23.271 | 23.392 | 23.655 | 23.776 | 24.039 |
Fibonacci | 22.984 | 23.130 | 23.221 | 23.368 | 23.514 | 23.605 | 23.752 |
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): | 79.33 | |
MACD (12,26,9): | 0.0390 | |
Directional Movement: | 26.585 | |
AROON (14): | 57.143 | |
DEMA (21): | 23.609 | |
Parabolic SAR (0,02-0,02-0,2): | 23.543 | |
Elder Ray (13): | 0.058 | |
Super Trend (3,10): | 23.549 | |
Zig ZAG (10): | 23.657 | |
VORTEX (21): | 1.2190 | |
Stochastique (14,3,5): | 86.71 | |
TEMA (21): | 23.629 | |
Williams %R (14): | -5.71 | |
Chande Momentum Oscillator (20): | 0.144 | |
Repulse (5,40,3): | 0.1600 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0160 | |
Courbe Coppock: | 0.90 |
MA7: | 23.459 | |
MA20: | 23.396 | |
MA50: | 23.343 | |
MA100: | 23.399 | |
MAexp7: | 23.610 | |
MAexp20: | 23.563 | |
MAexp50: | 23.514 | |
MAexp100: | 23.472 | |
Price / MA7: | +0.78% | |
Price / MA20: | +1.05% | |
Price / MA50: | +1.28% | |
Price / MA100: | +1.03% | |
Price / MAexp7: | +0.14% | |
Price / MAexp20: | +0.34% | |
Price / MAexp50: | +0.54% | |
Price / MAexp100: | +0.72% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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