CAD/PLN

- PLN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CADPLN
ISIN:

CAD/PLN - 1H - Technical analysis published on 01/23/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 2.9833 PLN

My targets

2.9649 PLN (-0.0104)

2.9532 PLN (-0.0221)

My analysis

The bearish basic trend is very strong on CAD/PLN but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 2.9833 PLN. Crossing the first support at 2.9649 PLN would be a sign of a further potential price plummet. Sellers would then use the next support located at 2.9532 PLN as an objective. Crossing it would then enable sellers to target 2.9236 PLN. Caution, a return to above the resistance located at 2.9833 PLN would be a sign of a possible consolidation phase of the short-term basic trend. 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 bearish sentiment is not called into question, despite technical indicators being neutral.

Force

5.9

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/PLN rating 2.9753 PLN. The price registered an increase of +0.00% on the session and was traded between 2.9750 PLN and 2.9759 PLN over the period. The price is currently at +0.01% from its lowest and -0.02% from its highest.

2.9750

2.9759

2.9753

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

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

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of CAD/PLN indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.9532	2.9649	2.9734	2.9753	2.9833	2.9910	2.9956
Change (%)	-0.74%	-0.35%	-0.06%	-	+0.27%	+0.53%	+0.68%
Change	-0.0221	-0.0104	-0.0019	-	+0.0080	+0.0157	+0.0203
Level	Major	Intermediate	Intermediate	-	Intermediate	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.9488	2.9585	2.9669	2.9766	2.9850	2.9947	3.0031
Camarilla	2.9704	2.9721	2.9737	2.9754	2.9771	2.9787	2.9804
Woodie	2.9483	2.9582	2.9664	2.9763	2.9845	2.9944	3.0026
Fibonacci	2.9585	2.9654	2.9697	2.9766	2.9835	2.9878	2.9947

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.9128	2.9381	2.9567	2.9820	3.0006	3.0259	3.0445
Camarilla	2.9632	2.9673	2.9713	2.9753	2.9793	2.9834	2.9874
Woodie	2.9095	2.9364	2.9534	2.9803	2.9973	3.0242	3.0412
Fibonacci	2.9381	2.9549	2.9652	2.9820	2.9988	3.0091	3.0259

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.8673	2.8938	2.9325	2.9590	2.9977	3.0242	3.0629
Camarilla	2.9532	2.9592	2.9651	2.9711	2.9771	2.9831	2.9890
Woodie	2.8733	2.8969	2.9385	2.9621	3.0037	3.0273	3.0689
Fibonacci	2.8938	2.9187	2.9341	2.9590	2.9839	2.9993	3.0242

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):	46.81
MACD (12,26,9):	-0.0010
Directional Movement:	-8.2604
AROON (14):	-71.4286
DEMA (21):	2.9748
Parabolic SAR (0,02-0,02-0,2):	2.9810
Elder Ray (13):	-0.0003
Super Trend (3,10):	2.9707
Zig ZAG (10):	2.9754
VORTEX (21):	1.0474
Stochastique (14,3,5):	22.30
TEMA (21):	2.9756
Williams %R (14):	-76.06
Chande Momentum Oscillator (20):	-0.0086
Repulse (5,40,3):	0.0538
ROCnROLL:	2
TRIX (15,9):	-0.0035
Courbe Coppock:	0.13

MA7:	2.9817
MA20:	2.9735
MA50:	2.9552
MA100:	3.0434
MAexp7:	2.9752
MAexp20:	2.9762
MAexp50:	2.9790
MAexp100:	2.9810
Price / MA7:	-0.21%
Price / MA20:	+0.06%
Price / MA50:	+0.68%
Price / MA100:	-2.24%
Price / MAexp7:	+0.00%
Price / MAexp20:	-0.03%
Price / MAexp50:	-0.12%
Price / MAexp100:	-0.19%

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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