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CAD/CZK
CAD CZK
- CZK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADCZK
ISIN:

CAD/CZK - 1H - Technical analysis published on 11/22/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 16.376 CZK
My targets
16.440 CZK (+0.046)
16.499 CZK (+0.105)
My analysis
A bullish trend on CAD/CZK both in substance and in the short term. A purchase could be considered as long as the price remains above 16.376 CZK. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 16.440 CZK. Then the price could move towards 16.499 CZK. Then 16.587 CZK by extension. Be careful, a return below 16.376 CZK would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

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
5.7

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CAD/CZK rating 16.394 CZK. On the day, this instrument lost -0.02% and was between 16.336 CZK and 16.416 CZK. This implies that the price is at +0.36% from its lowest and at -0.13% from its highest.

16.336
16.416
16.394

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CAD/CZK chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



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



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 16.278 16.322 16.376 16.394 16.440 16.499 16.587
Change (%) -0.71% -0.44% -0.11% - +0.28% +0.64% +1.18%
Change -0.116 -0.072 -0.018 - +0.046 +0.105 +0.193
Level Major Intermediate Minor - Intermediate Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.15916.21516.30716.36316.45516.51116.603
Camarilla16.35716.37116.38416.39816.41216.42516.439
Woodie16.17616.22416.32416.37216.47216.52016.620
Fibonacci16.21516.27216.30716.36316.42016.45516.511


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.85016.08616.21516.45116.58016.81616.945
Camarilla16.24416.27716.31116.34416.37816.41116.444
Woodie15.79716.05916.16216.42416.52716.78916.892
Fibonacci16.08616.22516.31216.45116.59016.67716.816


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.89216.26116.49916.86817.10617.47517.713
Camarilla16.56916.62516.68016.73616.79216.84716.903
Woodie15.82616.22816.43316.83517.04017.44217.647
Fibonacci16.26116.49316.63716.86817.10017.24417.475

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): 55.17
MACD (12,26,9): 0.0040
Directional Movement: -1.449
AROON (14): -35.714
DEMA (21): 16.392
Parabolic SAR (0,02-0,02-0,2): 16.339
Elder Ray (13): 0.008
Super Trend (3,10): 16.439
Zig ZAG (10): 16.393
VORTEX (21): 0.9950
Stochastique (14,3,5): 71.67
TEMA (21): 16.387
Williams %R (14): -27.50
Chande Momentum Oscillator (20): -0.020
Repulse (5,40,3): 0.0060
ROCnROLL: 1
TRIX (15,9): 0.0040
Courbe Coppock: 0.20
MA7: 16.390
MA20: 16.612
MA50: 16.858
MA100: 16.639
MAexp7: 16.387
MAexp20: 16.385
MAexp50: 16.377
MAexp100: 16.391
Price / MA7: +0.02%
Price / MA20: -1.31%
Price / MA50: -2.75%
Price / MA100: -1.47%
Price / MAexp7: +0.04%
Price / MAexp20: +0.05%
Price / MAexp50: +0.10%
Price / MAexp100: +0.02%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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