CAD/PLN - 1H - Technical analysis published on 11/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 2.9156 PLN
My targets
2.9070 PLN (-0.0031)
2.8786 PLN (-0.0315)
My analysis
CAD/PLN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.9156 PLN. The next support located at 2.9070 PLN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2.8786 PLN. Below this support, sellers could then target 2.8265 PLN. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/PLN price is 2.9101 PLN. The price registered a decrease of -0.65% on the session and was between 2.9061 PLN and 2.9379 PLN. This implies that the price is at +0.14% from its lowest and at -0.95% from its highest.2.9061
2.9379
2.9101
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAD/PLN in 1H shows a overall strongly bearish trend. 92.86% 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 2 are neutral and 12 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.8265 | 2.8786 | 2.9070 | 2.9101 | 2.9156 | 2.9337 | 2.9423 |
| Change (%) | -2.87% | -1.08% | -0.11% | - | +0.19% | +0.81% | +1.11% |
| Change | -0.0836 | -0.0315 | -0.0031 | - | +0.0055 | +0.0236 | +0.0322 |
| Level | Intermediate | Minor | 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 | 2.8639 | 2.8854 | 2.9073 | 2.9288 | 2.9507 | 2.9722 | 2.9941 |
| Camarilla | 2.9172 | 2.9211 | 2.9251 | 2.9291 | 2.9331 | 2.9371 | 2.9410 |
| Woodie | 2.8640 | 2.8855 | 2.9074 | 2.9289 | 2.9508 | 2.9723 | 2.9942 |
| Fibonacci | 2.8854 | 2.9020 | 2.9123 | 2.9288 | 2.9454 | 2.9557 | 2.9722 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.8861 | 2.9066 | 2.9381 | 2.9586 | 2.9901 | 3.0106 | 3.0421 |
| Camarilla | 2.9554 | 2.9602 | 2.9649 | 2.9697 | 2.9745 | 2.9792 | 2.9840 |
| Woodie | 2.8917 | 2.9094 | 2.9437 | 2.9614 | 2.9957 | 3.0134 | 3.0477 |
| Fibonacci | 2.9066 | 2.9264 | 2.9387 | 2.9586 | 2.9784 | 2.9907 | 3.0106 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.7756 | 2.8182 | 2.8939 | 2.9365 | 3.0122 | 3.0548 | 3.1305 |
| Camarilla | 2.9372 | 2.9480 | 2.9589 | 2.9697 | 2.9805 | 2.9914 | 3.0022 |
| Woodie | 2.7923 | 2.8265 | 2.9106 | 2.9448 | 3.0289 | 3.0631 | 3.1472 |
| Fibonacci | 2.8182 | 2.8634 | 2.8913 | 2.9365 | 2.9817 | 3.0096 | 3.0548 |
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): | 38.30 | |
| MACD (12,26,9): | -0.0059 | |
| Directional Movement: | -6.0809 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 2.9138 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.9231 | |
| Elder Ray (13): | -0.0068 | |
| Super Trend (3,10): | 2.9351 | |
| Zig ZAG (10): | 2.9082 | |
| VORTEX (21): | 0.8502 | |
| Stochastique (14,3,5): | 19.47 | |
| TEMA (21): | 2.9120 | |
| Williams %R (14): | -89.31 | |
| Chande Momentum Oscillator (20): | -0.0199 | |
| Repulse (5,40,3): | -0.1139 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0242 | |
| Courbe Coppock: | 1.10 |
| MA7: | 2.9530 | |
| MA20: | 2.9407 | |
| MA50: | 2.8995 | |
| MA100: | 2.8761 | |
| MAexp7: | 2.9164 | |
| MAexp20: | 2.9215 | |
| MAexp50: | 2.9315 | |
| MAexp100: | 2.9419 | |
| Price / MA7: | -1.45% | |
| Price / MA20: | -1.04% | |
| Price / MA50: | +0.37% | |
| Price / MA100: | +1.18% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.39% | |
| Price / MAexp50: | -0.73% | |
| Price / MAexp100: | -1.08% |
Quotes :
2020-11-06 17:55:18
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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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