CHF/CZK - 1H - Technical analysis published on 02/26/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 23.799 CZK
My targets
23.891 CZK (+0.044)
24.124 CZK (+0.277)
My analysis
The bullish trend is currently very strong on CHF/CZK. As long as the price remains above the support at 23.799 CZK, you could try to benefit from the boom. The first bullish objective is located at 23.891 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 24.124 CZK as an objective. Crossing it would then enable buyers to target 24.626 CZK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
6.3
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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 23.847 CZK. The price has increased by +0.28% since the last closing with the lowest point at 23.773 CZK and the highest point at 23.910 CZK. The deviation from the price is +0.31% for the low point and -0.26% for the high point.23.773
23.910
23.847
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/CZK indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 23.657 | 23.705 | 23.799 | 23.847 | 23.891 | 24.626 | 24.972 |
| Change (%) | -0.80% | -0.60% | -0.20% | - | +0.18% | +3.27% | +4.72% |
| Change | -0.190 | -0.142 | -0.048 | - | +0.044 | +0.779 | +1.125 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Minor |
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 | 23.585 | 23.645 | 23.713 | 23.773 | 23.841 | 23.901 | 23.969 |
| Camarilla | 23.746 | 23.758 | 23.769 | 23.781 | 23.793 | 23.805 | 23.816 |
| Woodie | 23.589 | 23.647 | 23.717 | 23.775 | 23.845 | 23.903 | 23.973 |
| Fibonacci | 23.645 | 23.694 | 23.724 | 23.773 | 23.822 | 23.852 | 23.901 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.999 | 23.136 | 23.374 | 23.511 | 23.749 | 23.886 | 24.124 |
| Camarilla | 23.508 | 23.542 | 23.577 | 23.611 | 23.645 | 23.680 | 23.714 |
| Woodie | 23.049 | 23.161 | 23.424 | 23.536 | 23.799 | 23.911 | 24.174 |
| Fibonacci | 23.136 | 23.280 | 23.368 | 23.511 | 23.655 | 23.743 | 23.886 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.51 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 6.365 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 23.862 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.900 | |
| Elder Ray (13): | -0.001 | |
| Super Trend (3,10): | 23.778 | |
| Zig ZAG (10): | 23.840 | |
| VORTEX (21): | 1.0930 | |
| Stochastique (14,3,5): | 43.42 | |
| TEMA (21): | 23.860 | |
| Williams %R (14): | -53.85 | |
| Chande Momentum Oscillator (20): | 0.038 | |
| Repulse (5,40,3): | -0.0690 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0130 | |
| Courbe Coppock: | 0.52 |
| MA7: | 23.657 | |
| MA20: | 23.522 | |
| MA50: | 23.453 | |
| MA100: | 23.369 | |
| MAexp7: | 23.848 | |
| MAexp20: | 23.834 | |
| MAexp50: | 23.791 | |
| MAexp100: | 23.723 | |
| Price / MA7: | +0.80% | |
| Price / MA20: | +1.38% | |
| Price / MA50: | +1.68% | |
| Price / MA100: | +2.05% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +0.52% |
This member declared not having a position on this financial instrument or a related financial instrument.
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