CHF/CZK - 1H - Technical analysis published on 01/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 26.358 CZK
My targets
26.114 CZK (-0.176)
26.012 CZK (-0.278)
My analysis
The bearish trend is currently very strong for CHF/CZK. As long as the price remains below the resistance at 26.358 CZK, you could try to take advantage of the bearish rally. The first bearish objective is located at 26.114 CZK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 26.012 CZK as an objective. Crossing it would then enable sellers to target 25.125 CZK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/CZK price is 26.290 CZK. On the day, this instrument lost -0.01% and was between 26.284 CZK and 26.300 CZK. This implies that the price is at +0.02% from its lowest and at -0.04% from its highest.26.284
26.300
26.290
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 (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
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 sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish 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.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
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 support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.125 | 26.114 | 26.281 | 26.290 | 26.315 | 26.358 | 26.394 |
| Change (%) | -4.43% | -0.67% | -0.03% | - | +0.10% | +0.26% | +0.40% |
| Change | -1.165 | -0.176 | -0.009 | - | +0.025 | +0.068 | +0.104 |
| Level | Intermediate | Minor | Major | - | 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 | 25.963 | 26.106 | 26.199 | 26.342 | 26.435 | 26.578 | 26.671 |
| Camarilla | 26.228 | 26.250 | 26.271 | 26.293 | 26.315 | 26.336 | 26.358 |
| Woodie | 25.939 | 26.094 | 26.175 | 26.330 | 26.411 | 26.566 | 26.647 |
| Fibonacci | 26.106 | 26.196 | 26.252 | 26.342 | 26.432 | 26.488 | 26.578 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.012 | 26.146 | 26.269 | 26.403 | 26.526 | 26.660 | 26.783 |
| Camarilla | 26.321 | 26.345 | 26.368 | 26.392 | 26.416 | 26.439 | 26.463 |
| Woodie | 26.007 | 26.143 | 26.264 | 26.400 | 26.521 | 26.657 | 26.778 |
| Fibonacci | 26.146 | 26.244 | 26.305 | 26.403 | 26.501 | 26.562 | 26.660 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.552 | 25.014 | 25.804 | 26.266 | 27.056 | 27.518 | 28.308 |
| Camarilla | 26.250 | 26.365 | 26.479 | 26.594 | 26.709 | 26.824 | 26.938 |
| Woodie | 24.716 | 25.096 | 25.968 | 26.348 | 27.220 | 27.600 | 28.472 |
| Fibonacci | 25.014 | 25.492 | 25.788 | 26.266 | 26.744 | 27.040 | 27.518 |
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): | 39.34 | |
| MACD (12,26,9): | -0.0280 | |
| Directional Movement: | -7.289 | |
| AROON (14): | -35.714 | |
| DEMA (21): | 26.286 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.345 | |
| Elder Ray (13): | -0.013 | |
| Super Trend (3,10): | 26.395 | |
| Zig ZAG (10): | 26.288 | |
| VORTEX (21): | 0.8720 | |
| Stochastique (14,3,5): | 20.44 | |
| TEMA (21): | 26.270 | |
| Williams %R (14): | -74.12 | |
| Chande Momentum Oscillator (20): | -0.048 | |
| Repulse (5,40,3): | 0.0020 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0140 | |
| Courbe Coppock: | 0.79 |
| MA7: | 26.350 | |
| MA20: | 26.345 | |
| MA50: | 25.871 | |
| MA100: | 25.715 | |
| MAexp7: | 26.292 | |
| MAexp20: | 26.322 | |
| MAexp50: | 26.353 | |
| MAexp100: | 26.371 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -0.21% | |
| Price / MA50: | +1.62% | |
| Price / MA100: | +2.24% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | -0.31% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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