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CAD/PLN
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 02/21/2023 (GMT)

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  • 02/21/2023 - 15:48
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  • Timeframe : 1H
  • - Analysis generated on 02/21/2023 - 15:48
  • Status : INVALID

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 3.2948 PLN
My targets
3.2811 PLN (-0.0065)
3.2594 PLN (-0.0282)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/PLN as long as the price remains well below 3.2948 PLN. The sellers' bearish objective is set at 3.2811 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.2594 PLN. In case of crossing, the next objective would be the support located at 3.1987 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
8

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.

nwbrown2
This analysis was given by nwbrown2. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/PLN price is 3.2876 PLN. The price is lower by -0.37% since the last closing and was between 3.2864 PLN and 3.3164 PLN. This implies that the price is at +0.04% from its lowest and at -0.87% from its highest.

3.2864
3.3164
3.2876

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
Created with Raphaël 2.3.0-10-50510January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CAD/PLN chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour



Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near support of triangle

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 3.0148 3.1987 3.2811 3.2876 3.2948 3.3092 3.3376
Change (%) -8.30% -2.70% -0.20% - +0.22% +0.66% +1.52%
Change -0.2728 -0.0889 -0.0065 - +0.0072 +0.0216 +0.0500
Level Intermediate Major Intermediate - Intermediate Intermediate Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.27513.28493.29243.30223.30973.31953.3270
Camarilla3.29513.29673.29833.29993.30153.30313.3047
Woodie3.27403.28433.29133.30163.30863.31893.3259
Fibonacci3.28493.29153.29563.30223.30883.31293.3195


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.21933.25943.28383.32393.34833.38843.4128
Camarilla3.29043.29633.30223.30813.31403.31993.3258
Woodie3.21143.25553.27593.32003.34043.38453.4049
Fibonacci3.25943.28413.29933.32393.34863.36383.3884


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.12833.17163.21493.25823.30153.34483.3881
Camarilla3.23453.24243.25043.25833.26623.27423.2821
Woodie3.12843.17163.21503.25823.30163.34483.3882
Fibonacci3.17163.20473.22513.25823.29133.31173.3448

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Created with Raphaël 2.3.0Sell13
Moving averages
Created with Raphaël 2.3.0Sell26

RSI (14): 30.34
MACD (12,26,9): -0.0008
Directional Movement: -13.2422
AROON (14): -21.4286
DEMA (21): 3.3004
Parabolic SAR (0,02-0,02-0,2): 3.3155
Elder Ray (13): -0.0085
Super Trend (3,10): 3.3121
Zig ZAG (10): 3.2884
VORTEX (21): 0.8998
Stochastique (14,3,5): 13.31
TEMA (21): 3.3018
Williams %R (14): -93.60
Chande Momentum Oscillator (20): -0.0125
Repulse (5,40,3): -0.5820
ROCnROLL: 2
TRIX (15,9): 0.0005
Courbe Coppock: 0.16
MA7: 3.3180
MA20: 3.2842
MA50: 3.2578
MA100: 3.3534
MAexp7: 3.2999
MAexp20: 3.3018
MAexp50: 3.3051
MAexp100: 3.3106
Price / MA7: -0.92%
Price / MA20: +0.10%
Price / MA50: +0.91%
Price / MA100: -1.96%
Price / MAexp7: -0.38%
Price / MAexp20: -0.43%
Price / MAexp50: -0.53%
Price / MAexp100: -0.70%

Quotes : 02/21/2023 - 15:48 - 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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