CHF/CZK - 1H - Technical analysis published on 03/26/2020 (GMT)
- Who voted?
- 251
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 26.081 CZK
My targets
25.731 CZK (-0.144)
25.550 CZK (-0.325)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 26.081 CZK remains possible. It is advisable to trade CHF/CZK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 26.081 CZK. The next bearish objective for sellers is set at 25.731 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 25.550 CZK. In case of crossing, the next objective would be the support located at 25.400 CZK. PS: if there is a bullish break in the resistance located at 26.081 CZK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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
0.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/CZK price is 25.875 CZK. The price is lower by +0.38% since the last closing with the lowest point at 25.697 CZK and the highest point at 25.922 CZK. The deviation from the price is +0.69% for the low point and -0.18% for the high point.25.697
25.922
25.875
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
Here is a more detailed summary of the historical variations registered by CHF/CZK:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on CHF/CZK were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of CHF/CZK in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.400 | 25.550 | 25.731 | 25.875 | 26.081 | 26.355 | 26.565 |
| Change (%) | -1.84% | -1.26% | -0.56% | - | +0.80% | +1.86% | +2.67% |
| Change | -0.475 | -0.325 | -0.144 | - | +0.206 | +0.480 | +0.690 |
| Level | Major | Intermediate | Minor | - | Minor | Major | 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 | 25.135 | 25.434 | 25.605 | 25.904 | 26.075 | 26.374 | 26.545 |
| Camarilla | 25.648 | 25.691 | 25.734 | 25.777 | 25.820 | 25.863 | 25.906 |
| Woodie | 25.072 | 25.402 | 25.542 | 25.872 | 26.012 | 26.342 | 26.482 |
| Fibonacci | 25.434 | 25.613 | 25.724 | 25.904 | 26.083 | 26.194 | 26.374 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.184 | 23.998 | 24.937 | 25.751 | 26.690 | 27.504 | 28.443 |
| Camarilla | 25.394 | 25.555 | 25.715 | 25.876 | 26.037 | 26.197 | 26.358 |
| Woodie | 23.247 | 24.029 | 25.000 | 25.782 | 26.753 | 27.535 | 28.506 |
| Fibonacci | 23.998 | 24.668 | 25.081 | 25.751 | 26.421 | 26.834 | 27.504 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.551 | 22.876 | 23.394 | 23.719 | 24.237 | 24.562 | 25.080 |
| Camarilla | 23.680 | 23.757 | 23.835 | 23.912 | 23.989 | 24.067 | 24.144 |
| Woodie | 22.648 | 22.924 | 23.491 | 23.767 | 24.334 | 24.610 | 25.177 |
| Fibonacci | 22.876 | 23.198 | 23.397 | 23.719 | 24.041 | 24.240 | 24.562 |
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): | 48.85 | |
| MACD (12,26,9): | -0.0420 | |
| Directional Movement: | 0.745 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 25.792 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.701 | |
| Elder Ray (13): | 0.045 | |
| Super Trend (3,10): | 26.025 | |
| Zig ZAG (10): | 25.879 | |
| VORTEX (21): | 1.0560 | |
| Stochastique (14,3,5): | 87.78 | |
| TEMA (21): | 25.811 | |
| Williams %R (14): | -16.89 | |
| Chande Momentum Oscillator (20): | 0.049 | |
| Repulse (5,40,3): | 0.2370 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0380 | |
| Courbe Coppock: | 0.29 |
| MA7: | 26.068 | |
| MA20: | 24.984 | |
| MA50: | 24.103 | |
| MA100: | 23.716 | |
| MAexp7: | 25.846 | |
| MAexp20: | 25.859 | |
| MAexp50: | 25.953 | |
| MAexp100: | 25.979 | |
| Price / MA7: | -0.74% | |
| Price / MA20: | +3.57% | |
| Price / MA50: | +7.35% | |
| Price / MA100: | +9.10% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.40% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis CHF/CZK - 1H