Londinia Opportunities Analyses - 06/08/2023 (GMT) CHF/CZK - 1H

- CZK (-)
- Real time data - Forex
Type: Forex
Ticker: CHFCZK
ISIN:

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
  • FX/Indices
  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 24.354 CZK
My targets
24.499 CZK (+0.083)
24.539 CZK (+0.123)
My analysis
The bullish trend is currently very strong on CHF/CZK. As long as the price remains above the support at 24.354 CZK, you could try to benefit from the boom. The first bullish objective is located at 24.499 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 24.539 CZK as an objective. Crossing it would then enable buyers to target 24.592 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 confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The CHF/CZK price is 24.416 CZK. The price has increased by +0.56% since the last closing and was between 24.181 CZK and 24.427 CZK. This implies that the price is at +0.97% from its lowest and at -0.05% from its highest.

24.181
24.427
24.416

Here is a more detailed summary of the historical variations registered by CHF/CZK:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


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. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour



In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

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 several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 24.178 24.269 24.354 24.416 24.434 24.499 24.539
Change (%) -0.97% -0.60% -0.25% - +0.07% +0.34% +0.50%
Change -0.238 -0.147 -0.062 - +0.018 +0.083 +0.123
Level Minor Intermediate Major - Minor Minor Intermediate



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
Standard24.07024.15724.21824.30524.36624.45324.514
Camarilla24.23824.25224.26524.27924.29324.30624.320
Woodie24.05724.15124.20524.29924.35324.44724.501
Fibonacci24.15724.21424.24924.30524.36224.39724.453


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.81924.02424.13024.33524.44124.64624.752
Camarilla24.15224.18024.20924.23724.26624.29424.323
Woodie23.77123.99924.08224.31024.39324.62124.704
Fibonacci24.02424.14324.21624.33524.45424.52724.646


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.13423.44723.91224.22524.69025.00325.468
Camarilla24.16224.23324.30524.37624.44724.51924.590
Woodie23.20923.48523.98724.26324.76525.04125.543
Fibonacci23.44723.74523.92824.22524.52324.70625.003

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): 67.60
MACD (12,26,9): 0.0350
Directional Movement: 20.843
AROON (14): 71.428
DEMA (21): 24.380
Parabolic SAR (0,02-0,02-0,2): 24.268
Elder Ray (13): 0.054
Super Trend (3,10): 24.308
Zig ZAG (10): 24.413
VORTEX (21): 1.2190
Stochastique (14,3,5): 95.65
TEMA (21): 24.408
Williams %R (14): -6.10
Chande Momentum Oscillator (20): 0.162
Repulse (5,40,3): 0.0440
ROCnROLL: 1
TRIX (15,9): 0.0110
Courbe Coppock: 1.09
MA7: 24.306
MA20: 24.333
MA50: 24.043
MA100: 23.970
MAexp7: 24.391
MAexp20: 24.342
MAexp50: 24.311
MAexp100: 24.303
Price / MA7: +0.45%
Price / MA20: +0.34%
Price / MA50: +1.55%
Price / MA100: +1.86%
Price / MAexp7: +0.10%
Price / MAexp20: +0.30%
Price / MAexp50: +0.43%
Price / MAexp100: +0.46%

Quotes : - Real time data - Forex