CAD/CZK

- CZK (-)

- Real time data - Forex

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Change:	-
Volume:	-

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High / Low range:	-

Type:	Forex
Ticker:	CADCZK
ISIN:

CAD/CZK - 1H - Technical analysis published on 12/09/2024 (GMT)

Londinia

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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

17%

56%

28%

My opinion

Bearish under 16.901 CZK

My targets

16.697 CZK (-0.073)

16.547 CZK (-0.223)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/CZK as long as the price remains well below 16.901 CZK. The sellers' bearish objective is set at 16.697 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 16.547 CZK. In case of crossing, the next objective would be the support located at 16.456 CZK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

Force

7.3

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 16.770 CZK. The price is lower by -0.05% since the last closing and was traded between 16.762 CZK and 16.819 CZK over the period. The price is currently at +0.05% from its lowest and -0.29% from its highest.

16.762

16.819

16.770

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of CAD/CZK indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 10 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	16.456	16.547	16.697	16.770	16.777	16.957	17.036
Change (%)	-1.87%	-1.33%	-0.44%	-	+0.04%	+1.12%	+1.59%
Change	-0.314	-0.223	-0.073	-	+0.007	+0.187	+0.266
Level	Major	Intermediate	Intermediate	-	Intermediate	Major	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.565	16.669	16.723	16.827	16.881	16.985	17.039
Camarilla	16.735	16.749	16.764	16.778	16.793	16.807	16.822
Woodie	16.541	16.657	16.699	16.815	16.857	16.973	17.015
Fibonacci	16.669	16.729	16.766	16.827	16.887	16.924	16.985

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.268	16.520	16.649	16.901	17.030	17.282	17.411
Camarilla	16.673	16.708	16.743	16.778	16.813	16.848	16.883
Woodie	16.207	16.489	16.588	16.870	16.969	17.251	17.350
Fibonacci	16.520	16.666	16.756	16.901	17.047	17.137	17.282

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.765	16.215	16.640	17.090	17.515	17.965	18.390
Camarilla	16.825	16.906	16.986	17.066	17.146	17.226	17.307
Woodie	15.754	16.209	16.629	17.084	17.504	17.959	18.379
Fibonacci	16.215	16.549	16.755	17.090	17.424	17.630	17.965

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):	33.52
MACD (12,26,9):	-0.0220
Directional Movement:	-14.059
AROON (14):	50.000
DEMA (21):	16.773
Parabolic SAR (0,02-0,02-0,2):	16.814
Elder Ray (13):	-0.011
Super Trend (3,10):	16.843
Zig ZAG (10):	16.770
VORTEX (21):	0.9600
Stochastique (14,3,5):	32.10
TEMA (21):	16.780
Williams %R (14):	-88.89
Chande Momentum Oscillator (20):	-0.015
Repulse (5,40,3):	-0.1700
ROCnROLL:	2
TRIX (15,9):	-0.0210
Courbe Coppock:	0.05

MA7:	16.952
MA20:	17.075
MA50:	16.955
MA100:	16.846
MAexp7:	16.787
MAexp20:	16.805
MAexp50:	16.856
MAexp100:	16.922
Price / MA7:	-1.07%
Price / MA20:	-1.79%
Price / MA50:	-1.09%
Price / MA100:	-0.45%
Price / MAexp7:	-0.10%
Price / MAexp20:	-0.21%
Price / MAexp50:	-0.51%
Price / MAexp100:	-0.90%

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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