CAD/CZK

- CZK (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADCZK
ISIN:

CAD/CZK - 1H - Technical analysis published on 09/10/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above 16.691 CZK

My targets

16.753 CZK (+0.018)

16.770 CZK (+0.035)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/CZK as long as the price remains well above 16.691 CZK. The buyers' bullish objective is set at 16.753 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.770 CZK. If there is any crossing, the next objective would be the resistance located at 16.802 CZK.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

5.7

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CAD/CZK rating is 16.735 CZK. The price registered a decrease of -0.01% on the session and was traded between 16.678 CZK and 16.747 CZK over the period. The price is currently at +0.34% from its lowest and -0.07% from its highest.

16.678

16.747

16.735

Here is a more detailed summary of the historical variations registered by CAD/CZK:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	16.623	16.650	16.691	16.735	16.736	16.753	16.770
Change (%)	-0.67%	-0.51%	-0.26%	-	+0.01%	+0.11%	+0.21%
Change	-0.112	-0.085	-0.044	-	+0.001	+0.018	+0.035
Level	Intermediate	Intermediate	Minor	-	Intermediate	Intermediate	Minor

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	16.543	16.587	16.661	16.705	16.779	16.823	16.897
Camarilla	16.704	16.714	16.725	16.736	16.747	16.758	16.769
Woodie	16.559	16.595	16.677	16.713	16.795	16.831	16.913
Fibonacci	16.587	16.632	16.660	16.705	16.750	16.778	16.823

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.384	16.504	16.568	16.688	16.752	16.872	16.936
Camarilla	16.582	16.599	16.616	16.633	16.650	16.667	16.684
Woodie	16.357	16.490	16.541	16.674	16.725	16.858	16.909
Fibonacci	16.504	16.574	16.617	16.688	16.758	16.801	16.872

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.911	16.215	16.507	16.811	17.103	17.407	17.699
Camarilla	16.634	16.689	16.743	16.798	16.853	16.907	16.962
Woodie	15.904	16.212	16.500	16.808	17.096	17.404	17.692
Fibonacci	16.215	16.443	16.584	16.811	17.039	17.180	17.407

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):	59.48
MACD (12,26,9):	0.0100
Directional Movement:	-6.002
AROON (14):	-78.571
DEMA (21):	16.741
Parabolic SAR (0,02-0,02-0,2):	16.746
Elder Ray (13):	0.002
Super Trend (3,10):	16.693
Zig ZAG (10):	16.738
VORTEX (21):	1.0400
Stochastique (14,3,5):	85.24
TEMA (21):	16.743
Williams %R (14):	-8.57
Chande Momentum Oscillator (20):	0.001
Repulse (5,40,3):	0.1620
ROCnROLL:	1
TRIX (15,9):	0.0110
Courbe Coppock:	0.03

MA7:	16.725
MA20:	16.682
MA50:	16.835
MA100:	16.842
MAexp7:	16.735
MAexp20:	16.727
MAexp50:	16.713
MAexp100:	16.712
Price / MA7:	+0.06%
Price / MA20:	+0.32%
Price / MA50:	-0.59%
Price / MA100:	-0.64%
Price / MAexp7:	-0%
Price / MAexp20:	+0.05%
Price / MAexp50:	+0.13%
Price / MAexp100:	+0.14%

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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