CAD/PLN - 1H - Technical analysis published on 04/07/2023 (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:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 3.1933 PLN
My targets
3.1684 PLN (-0.0104)
3.1636 PLN (-0.0152)
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 3.1933 PLN. The next support located at 3.1684 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 3.1636 PLN. Below this support, sellers could then target 3.1593 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
5.9
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Additional analysis
Quotes
CAD/PLN rating 3.1788 PLN. The price registered a decrease of -0.01% on the session and was traded between 3.1750 PLN and 3.1826 PLN over the period. The price is currently at +0.12% from its lowest and -0.12% from its highest.3.1750
3.1826
3.1788
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 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. 85.71% 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 market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 5 are bullish, 5 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.1636 | 3.1684 | 3.1778 | 3.1788 | 3.1933 | 3.1987 | 3.2115 |
| Change (%) | -0.48% | -0.33% | -0.03% | - | +0.46% | +0.63% | +1.03% |
| Change | -0.0152 | -0.0104 | -0.0010 | - | +0.0145 | +0.0199 | +0.0327 |
| Level | Major | Intermediate | Minor | - | Minor | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.1541 | 3.1661 | 3.1726 | 3.1846 | 3.1911 | 3.2031 | 3.2096 |
| Camarilla | 3.1741 | 3.1758 | 3.1775 | 3.1792 | 3.1809 | 3.1826 | 3.1843 |
| Woodie | 3.1515 | 3.1647 | 3.1700 | 3.1832 | 3.1885 | 3.2017 | 3.2070 |
| Fibonacci | 3.1661 | 3.1731 | 3.1775 | 3.1846 | 3.1916 | 3.1960 | 3.2031 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.1344 | 3.1469 | 3.1710 | 3.1835 | 3.2076 | 3.2201 | 3.2442 |
| Camarilla | 3.1851 | 3.1885 | 3.1919 | 3.1952 | 3.1986 | 3.2019 | 3.2053 |
| Woodie | 3.1403 | 3.1498 | 3.1769 | 3.1864 | 3.2135 | 3.2230 | 3.2501 |
| Fibonacci | 3.1469 | 3.1609 | 3.1695 | 3.1835 | 3.1975 | 3.2061 | 3.2201 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.9926 | 3.0637 | 3.1294 | 3.2005 | 3.2662 | 3.3373 | 3.4030 |
| Camarilla | 3.1576 | 3.1701 | 3.1827 | 3.1952 | 3.2077 | 3.2203 | 3.2328 |
| Woodie | 2.9900 | 3.0624 | 3.1268 | 3.1992 | 3.2636 | 3.3360 | 3.4004 |
| Fibonacci | 3.0637 | 3.1159 | 3.1482 | 3.2005 | 3.2527 | 3.2850 | 3.3373 |
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): | 42.39 | |
| MACD (12,26,9): | -0.0020 | |
| Directional Movement: | -9.2636 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 3.1784 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.1823 | |
| Elder Ray (13): | -0.0014 | |
| Super Trend (3,10): | 3.1872 | |
| Zig ZAG (10): | 3.1790 | |
| VORTEX (21): | 0.9303 | |
| Stochastique (14,3,5): | 34.17 | |
| TEMA (21): | 3.1772 | |
| Williams %R (14): | -51.25 | |
| Chande Momentum Oscillator (20): | -0.0030 | |
| Repulse (5,40,3): | -0.0008 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0097 | |
| Courbe Coppock: | 0.16 |
| MA7: | 3.1836 | |
| MA20: | 3.1858 | |
| MA50: | 3.2380 | |
| MA100: | 3.2535 | |
| MAexp7: | 3.1789 | |
| MAexp20: | 3.1811 | |
| MAexp50: | 3.1835 | |
| MAexp100: | 3.1840 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | -0.22% | |
| Price / MA50: | -1.83% | |
| Price / MA100: | -2.30% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.15% | |
| 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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