CHF/CZK - 1H - Technical analysis published on 02/11/2020 (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
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 23.482 CZK
My targets
23.352 CZK (-0.055)
23.288 CZK (-0.119)
My analysis
In the short term, we can see an acceleration in the bearish trend on CHF/CZK, which is a positive signal for sellers. As long as the price remains above 23.482 CZK, a sale could be considered. The first bearish objective is located at 23.352 CZK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 23.288 CZK as an objective. Crossing it would then enable sellers to target 23.201 CZK. If the price were to return above 23.482 CZK, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
3.9
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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
CHF/CZK rating 23.407 CZK. On the day, this instrument lost -0.29% and was between 23.339 CZK and 23.475 CZK. This implies that the price is at +0.29% from its lowest and at -0.29% from its highest.23.339
23.475
23.407
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of CHF/CZK in 1H shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 4 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 23.288 | 23.352 | 23.404 | 23.407 | 23.482 | 23.549 | 23.657 |
| Change (%) | -0.51% | -0.23% | -0.01% | - | +0.32% | +0.61% | +1.07% |
| Change | -0.119 | -0.055 | -0.003 | - | +0.075 | +0.142 | +0.250 |
| Level | Intermediate | Intermediate | Minor | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.245 | 23.299 | 23.386 | 23.440 | 23.527 | 23.581 | 23.668 |
| Camarilla | 23.435 | 23.448 | 23.461 | 23.474 | 23.487 | 23.500 | 23.513 |
| Woodie | 23.263 | 23.307 | 23.404 | 23.448 | 23.545 | 23.589 | 23.686 |
| Fibonacci | 23.299 | 23.353 | 23.386 | 23.440 | 23.494 | 23.527 | 23.581 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.757 | 22.979 | 23.189 | 23.411 | 23.621 | 23.843 | 24.053 |
| Camarilla | 23.280 | 23.320 | 23.359 | 23.399 | 23.439 | 23.478 | 23.518 |
| Woodie | 22.751 | 22.976 | 23.183 | 23.408 | 23.615 | 23.840 | 24.047 |
| Fibonacci | 22.979 | 23.144 | 23.246 | 23.411 | 23.576 | 23.678 | 23.843 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.878 | 23.058 | 23.330 | 23.510 | 23.782 | 23.962 | 24.234 |
| Camarilla | 23.479 | 23.520 | 23.562 | 23.603 | 23.644 | 23.686 | 23.727 |
| Woodie | 22.925 | 23.081 | 23.377 | 23.533 | 23.829 | 23.985 | 24.281 |
| Fibonacci | 23.058 | 23.230 | 23.337 | 23.510 | 23.682 | 23.789 | 23.962 |
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): | 42.23 | |
| MACD (12,26,9): | -0.0140 | |
| Directional Movement: | -14.750 | |
| AROON (14): | -28.572 | |
| DEMA (21): | 23.395 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.342 | |
| Elder Ray (13): | -0.027 | |
| Super Trend (3,10): | 23.443 | |
| Zig ZAG (10): | 23.384 | |
| VORTEX (21): | 0.7830 | |
| Stochastique (14,3,5): | 31.86 | |
| TEMA (21): | 23.377 | |
| Williams %R (14): | -60.66 | |
| Chande Momentum Oscillator (20): | -0.059 | |
| Repulse (5,40,3): | 0.0820 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0030 | |
| Courbe Coppock: | 0.61 |
| MA7: | 23.440 | |
| MA20: | 23.466 | |
| MA50: | 23.396 | |
| MA100: | 23.382 | |
| MAexp7: | 23.390 | |
| MAexp20: | 23.409 | |
| MAexp50: | 23.415 | |
| MAexp100: | 23.425 | |
| Price / MA7: | -0.14% | |
| Price / MA20: | -0.25% | |
| Price / MA50: | +0.05% | |
| Price / MA100: | +0.11% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.08% |
This member declared not having a position on this financial instrument or a related financial instrument.
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