CAD/PLN - 1H - Technical analysis published on 03/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 3.2237 PLN
My targets
3.1987 PLN (-0.0116)
3.1837 PLN (-0.0266)
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 3.2237 PLN. The sellers' bearish objective is set at 3.1987 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.1837 PLN. In case of crossing, the next objective would be the support located at 3.1662 PLN.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
4.5
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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 CAD/PLN price is 3.2103 PLN. The price registered a decrease of -0.01% on the session with the lowest point at 3.2026 PLN and the highest point at 3.2103 PLN. The deviation from the price is +0.24% for the low point and 0% for the high point.3.2026
3.2103
3.2103
A study of price movements over other periods shows the following variations:
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
A technical analysis in 1H of this CAD/PLN chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.1837 | 3.1987 | 3.2100 | 3.2103 | 3.2237 | 3.2335 | 3.2433 |
| Change (%) | -0.83% | -0.36% | -0.01% | - | +0.42% | +0.72% | +1.03% |
| Change | -0.0266 | -0.0116 | -0.0003 | - | +0.0134 | +0.0232 | +0.0330 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.1762 | 3.1923 | 3.2014 | 3.2175 | 3.2266 | 3.2427 | 3.2518 |
| Camarilla | 3.2036 | 3.2059 | 3.2082 | 3.2105 | 3.2128 | 3.2151 | 3.2174 |
| Woodie | 3.1727 | 3.1906 | 3.1979 | 3.2158 | 3.2231 | 3.2410 | 3.2483 |
| Fibonacci | 3.1923 | 3.2019 | 3.2079 | 3.2175 | 3.2271 | 3.2331 | 3.2427 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.0924 | 3.1292 | 3.1698 | 3.2066 | 3.2472 | 3.2840 | 3.3246 |
| Camarilla | 3.1892 | 3.1963 | 3.2034 | 3.2105 | 3.2176 | 3.2247 | 3.2318 |
| Woodie | 3.0944 | 3.1302 | 3.1718 | 3.2076 | 3.2492 | 3.2850 | 3.3266 |
| Fibonacci | 3.1292 | 3.1587 | 3.1770 | 3.2066 | 3.2361 | 3.2544 | 3.2840 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.0343 | 3.1208 | 3.1910 | 3.2775 | 3.3477 | 3.4342 | 3.5044 |
| Camarilla | 3.2180 | 3.2324 | 3.2467 | 3.2611 | 3.2755 | 3.2898 | 3.3042 |
| Woodie | 3.0261 | 3.1167 | 3.1828 | 3.2734 | 3.3395 | 3.4301 | 3.4962 |
| Fibonacci | 3.1208 | 3.1807 | 3.2177 | 3.2775 | 3.3374 | 3.3744 | 3.4342 |
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): | 38.88 | |
| MACD (12,26,9): | -0.0032 | |
| Directional Movement: | -8.0386 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 3.2139 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.2262 | |
| Elder Ray (13): | -0.0037 | |
| Super Trend (3,10): | 3.2303 | |
| Zig ZAG (10): | 3.2105 | |
| VORTEX (21): | 0.8701 | |
| Stochastique (14,3,5): | 14.68 | |
| TEMA (21): | 3.2109 | |
| Williams %R (14): | -91.67 | |
| Chande Momentum Oscillator (20): | -0.0138 | |
| Repulse (5,40,3): | -0.1105 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0096 | |
| Courbe Coppock: | 0.52 |
| MA7: | 3.2044 | |
| MA20: | 3.2432 | |
| MA50: | 3.2574 | |
| MA100: | 3.2952 | |
| MAexp7: | 3.2132 | |
| MAexp20: | 3.2174 | |
| MAexp50: | 3.2186 | |
| MAexp100: | 3.2154 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | -1.01% | |
| Price / MA50: | -1.45% | |
| Price / MA100: | -2.58% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.16% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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