Londinia Opportunities Analyses - 06/08/2023 (GMT) CHF/CZK - 1H
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:
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:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 24.070 | 24.157 | 24.218 | 24.305 | 24.366 | 24.453 | 24.514 |
Camarilla | 24.238 | 24.252 | 24.265 | 24.279 | 24.293 | 24.306 | 24.320 |
Woodie | 24.057 | 24.151 | 24.205 | 24.299 | 24.353 | 24.447 | 24.501 |
Fibonacci | 24.157 | 24.214 | 24.249 | 24.305 | 24.362 | 24.397 | 24.453 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 23.819 | 24.024 | 24.130 | 24.335 | 24.441 | 24.646 | 24.752 |
Camarilla | 24.152 | 24.180 | 24.209 | 24.237 | 24.266 | 24.294 | 24.323 |
Woodie | 23.771 | 23.999 | 24.082 | 24.310 | 24.393 | 24.621 | 24.704 |
Fibonacci | 24.024 | 24.143 | 24.216 | 24.335 | 24.454 | 24.527 | 24.646 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 23.134 | 23.447 | 23.912 | 24.225 | 24.690 | 25.003 | 25.468 |
Camarilla | 24.162 | 24.233 | 24.305 | 24.376 | 24.447 | 24.519 | 24.590 |
Woodie | 23.209 | 23.485 | 23.987 | 24.263 | 24.765 | 25.041 | 25.543 |
Fibonacci | 23.447 | 23.745 | 23.928 | 24.225 | 24.523 | 24.706 | 25.003 |
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 :
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Real time data
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Forex