AUD/PLN - 1H - Technical analysis published on 08/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 2.5594 PLN
My targets
2.5282 PLN (-0.0271)
2.4970 PLN (-0.0583)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AUD/PLN as long as the price remains well below 2.5594 PLN. The sellers' bearish objective is set at 2.5282 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.4970 PLN. In case of crossing, the next objective would be the support located at 2.3783 PLN. 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
0
10
7.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/PLN price is 2.5553 PLN. On the day, this instrument lost -0.02% with the lowest point at 2.5492 PLN and the highest point at 2.5574 PLN. The deviation from the price is +0.24% for the low point and -0.08% for the high point.2.5492
2.5574
2.5553
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/PLN chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.6947 | 2.3783 | 2.5553 | 2.5594 | 2.5761 | 2.5842 |
| Change (%) | -33.68% | -6.93% | - | +0.16% | +0.81% | +1.13% |
| Change | -0.8606 | -0.1770 | - | +0.0041 | +0.0208 | +0.0289 |
| Level | Minor | Major | - | Intermediate | Intermediate | Intermediate |
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 | 2.5452 | 2.5499 | 2.5528 | 2.5575 | 2.5604 | 2.5651 | 2.5680 |
| Camarilla | 2.5536 | 2.5543 | 2.5550 | 2.5557 | 2.5564 | 2.5571 | 2.5578 |
| Woodie | 2.5443 | 2.5495 | 2.5519 | 2.5571 | 2.5595 | 2.5647 | 2.5671 |
| Fibonacci | 2.5499 | 2.5528 | 2.5546 | 2.5575 | 2.5604 | 2.5622 | 2.5651 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4970 | 2.5282 | 2.5450 | 2.5762 | 2.5930 | 2.6242 | 2.6410 |
| Camarilla | 2.5486 | 2.5530 | 2.5574 | 2.5618 | 2.5662 | 2.5706 | 2.5750 |
| Woodie | 2.4898 | 2.5246 | 2.5378 | 2.5726 | 2.5858 | 2.6206 | 2.6338 |
| Fibonacci | 2.5282 | 2.5465 | 2.5579 | 2.5762 | 2.5945 | 2.6059 | 2.6242 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4233 | 2.4953 | 2.5453 | 2.6173 | 2.6673 | 2.7393 | 2.7893 |
| Camarilla | 2.5617 | 2.5728 | 2.5840 | 2.5952 | 2.6064 | 2.6176 | 2.6288 |
| Woodie | 2.4122 | 2.4898 | 2.5342 | 2.6118 | 2.6562 | 2.7338 | 2.7782 |
| Fibonacci | 2.4953 | 2.5419 | 2.5707 | 2.6173 | 2.6639 | 2.6927 | 2.7393 |
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): | 23.07 | |
| MACD (12,26,9): | -0.0086 | |
| Directional Movement: | -27.3593 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 2.5573 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.5622 | |
| Elder Ray (13): | -0.0102 | |
| Super Trend (3,10): | 2.5712 | |
| Zig ZAG (10): | 2.5520 | |
| VORTEX (21): | 0.6592 | |
| Stochastique (14,3,5): | 10.52 | |
| TEMA (21): | 2.5528 | |
| Williams %R (14): | -92.11 | |
| Chande Momentum Oscillator (20): | -0.0204 | |
| Repulse (5,40,3): | -0.2864 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0437 | |
| Courbe Coppock: | 1.82 |
| MA7: | 2.5784 | |
| MA20: | 2.6093 | |
| MA50: | 2.6409 | |
| MA100: | 2.6281 | |
| MAexp7: | 2.5588 | |
| MAexp20: | 2.5681 | |
| MAexp50: | 2.5785 | |
| MAexp100: | 2.5844 | |
| Price / MA7: | -0.90% | |
| Price / MA20: | -2.07% | |
| Price / MA50: | -3.24% | |
| Price / MA100: | -2.77% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.51% | |
| Price / MAexp50: | -0.91% | |
| Price / MAexp100: | -1.13% |
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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