CHF/CZK - 1H - Technical analysis published on 09/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
50%
22%
28%
My opinion
Bearish under 25.593 CZK
My targets
25.303 CZK (-0.169)
25.223 CZK (-0.249)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/CZK as long as the price remains well below 25.593 CZK. The sellers' bearish objective is set at 25.303 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 25.223 CZK. In case of crossing, the next objective would be the support located at 24.592 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 not called into question, despite technical indicators being neutral.
Force
0
10
4.5
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 CHF/CZK price is 25.472 CZK. The price has increased by +0.00% since the last closing and was between 25.468 CZK and 25.494 CZK. This implies that the price is at +0.02% from its lowest and at -0.09% from its highest.25.468
25.494
25.472
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
Technical analysis of this 1H chart of CHF/CZK indicates that the overall trend is strongly bearish. 85.71% 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 market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 9 are bullish, 5 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.223 | 25.303 | 25.458 | 25.472 | 25.593 | 25.646 | 25.704 |
| Change (%) | -0.98% | -0.66% | -0.05% | - | +0.48% | +0.68% | +0.91% |
| Change | -0.249 | -0.169 | -0.014 | - | +0.121 | +0.174 | +0.232 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.008 | 25.194 | 25.333 | 25.519 | 25.658 | 25.844 | 25.983 |
| Camarilla | 25.384 | 25.413 | 25.443 | 25.473 | 25.503 | 25.533 | 25.562 |
| Woodie | 24.986 | 25.182 | 25.311 | 25.507 | 25.636 | 25.832 | 25.961 |
| Fibonacci | 25.194 | 25.318 | 25.395 | 25.519 | 25.643 | 25.720 | 25.844 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.753 | 24.954 | 25.241 | 25.442 | 25.729 | 25.930 | 26.217 |
| Camarilla | 25.393 | 25.438 | 25.482 | 25.527 | 25.572 | 25.617 | 25.661 |
| Woodie | 24.795 | 24.976 | 25.283 | 25.464 | 25.771 | 25.952 | 26.259 |
| Fibonacci | 24.954 | 25.141 | 25.256 | 25.442 | 25.629 | 25.744 | 25.930 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.213 | 24.489 | 24.812 | 25.088 | 25.411 | 25.687 | 26.010 |
| Camarilla | 24.969 | 25.024 | 25.079 | 25.134 | 25.189 | 25.244 | 25.299 |
| Woodie | 24.236 | 24.501 | 24.835 | 25.100 | 25.434 | 25.699 | 26.033 |
| Fibonacci | 24.489 | 24.718 | 24.860 | 25.088 | 25.317 | 25.459 | 25.687 |
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): | 38.97 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -11.602 | |
| AROON (14): | -21.429 | |
| DEMA (21): | 25.456 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.384 | |
| Elder Ray (13): | -0.011 | |
| Super Trend (3,10): | 25.562 | |
| Zig ZAG (10): | 25.475 | |
| VORTEX (21): | 0.8180 | |
| Stochastique (14,3,5): | 71.82 | |
| TEMA (21): | 25.453 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.018 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0220 | |
| Courbe Coppock: | 0.23 |
| MA7: | 25.516 | |
| MA20: | 25.317 | |
| MA50: | 25.110 | |
| MA100: | 24.678 | |
| MAexp7: | 25.478 | |
| MAexp20: | 25.500 | |
| MAexp50: | 25.545 | |
| MAexp100: | 25.539 | |
| Price / MA7: | -0.17% | |
| Price / MA20: | +0.61% | |
| Price / MA50: | +1.44% | |
| Price / MA100: | +3.22% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.26% |
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.
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