CAD/CZK

- CZK (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADCZK
ISIN:

CAD/CZK - 1H - Technical analysis published on 12/24/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

39%

61%

My opinion

Bullish above 16.777 CZK

My targets

16.838 CZK (+0.034)

16.857 CZK (+0.053)

My analysis

The bullish trend is currently very strong on CAD/CZK. As long as the price remains above the support at 16.777 CZK, you could try to benefit from the boom. The first bullish objective is located at 16.838 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 16.857 CZK as an objective. Crossing it would then enable buyers to target 16.898 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.

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

6.6

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

CAD/CZK rating 16.804 CZK. The price is lower by -0.03% since the last closing and was traded between 16.785 CZK and 16.817 CZK over the period. The price is currently at +0.11% from its lowest and -0.08% from its highest.

16.785

16.817

16.804

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

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

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 strongly bullish trend. 85.71% 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 market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

In fact, only 7 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	16.757	16.777	16.798	16.804	16.838	16.857	16.898
Change (%)	-0.28%	-0.16%	-0.04%	-	+0.20%	+0.32%	+0.56%
Change	-0.047	-0.027	-0.006	-	+0.034	+0.053	+0.094
Level	Minor	Minor	Intermediate	-	Intermediate	Minor	Intermediate

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	16.637	16.683	16.746	16.792	16.855	16.901	16.964
Camarilla	16.779	16.789	16.799	16.809	16.819	16.829	16.839
Woodie	16.646	16.687	16.755	16.796	16.864	16.905	16.973
Fibonacci	16.683	16.725	16.750	16.792	16.834	16.859	16.901

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.404	16.529	16.649	16.774	16.894	17.019	17.139
Camarilla	16.702	16.724	16.747	16.769	16.792	16.814	16.836
Woodie	16.402	16.528	16.647	16.773	16.892	17.018	17.137
Fibonacci	16.529	16.623	16.680	16.774	16.868	16.925	17.019

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	52.67
MACD (12,26,9):	0.0050
Directional Movement:	2.964
AROON (14):	21.428
DEMA (21):	16.805
Parabolic SAR (0,02-0,02-0,2):	16.831
Elder Ray (13):	-0.003
Super Trend (3,10):	16.747
Zig ZAG (10):	16.806
VORTEX (21):	1.0900
Stochastique (14,3,5):	52.92
TEMA (21):	16.810
Williams %R (14):	-37.50
Chande Momentum Oscillator (20):	0.012
Repulse (5,40,3):	0.0650
ROCnROLL:	1
TRIX (15,9):	0.0060
Courbe Coppock:	0.19

MA7:	16.777
MA20:	16.875
MA50:	16.931
MA100:	16.834
MAexp7:	16.803
MAexp20:	16.798
MAexp50:	16.792
MAexp100:	16.785
Price / MA7:	+0.16%
Price / MA20:	-0.42%
Price / MA50:	-0.75%
Price / MA100:	-0.18%
Price / MAexp7:	+0.01%
Price / MAexp20:	+0.04%
Price / MAexp50:	+0.07%
Price / MAexp100:	+0.11%

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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Londinia AI

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