CAD/PLN

- PLN (-)

- Real time data - Forex

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Change:	-
Volume:	-

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High:	-
High / Low range:	-

Type:	Forex
Ticker:	CADPLN
ISIN:

CAD/PLN - Daily - Technical analysis published on 06/23/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 3.1324 PLN

My targets

3.0148 PLN (-0.0564)

2.9020 PLN (-0.1692)

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 3.1324 PLN. The sellers' bearish objective is set at 3.0148 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.9020 PLN. In case of crossing, the next objective would be the support located at 2.7110 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, 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

Comment on the analysis

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CAD/PLN rating is 3.0712 PLN. The price has increased by +0.00% since the last closing with the lowest point at 3.0697 PLN and the highest point at 3.0736 PLN. The deviation from the price is +0.05% for the low point and -0.08% for the high point.

3.0697

3.0736

3.0712

Here is a more detailed summary of the historical variations registered by CAD/PLN:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 CAD/PLN in Daily shows a overall strongly bearish trend. 89.29% 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.

Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.7110	2.9020	3.0148	3.0712	3.1324	3.1987	3.3436
Change (%)	-11.73%	-5.51%	-1.84%	-	+1.99%	+4.15%	+8.87%
Change	-0.3602	-0.1692	-0.0564	-	+0.0612	+0.1275	+0.2724
Level	Major	Minor	Major	-	Major	Major	Major

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	3.0394	3.0473	3.0593	3.0672	3.0792	3.0871	3.0991
Camarilla	3.0658	3.0677	3.0695	3.0713	3.0731	3.0750	3.0768
Woodie	3.0415	3.0483	3.0614	3.0682	3.0813	3.0881	3.1012
Fibonacci	3.0473	3.0549	3.0596	3.0672	3.0748	3.0795	3.0871

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.0044	3.0368	3.0645	3.0969	3.1246	3.1570	3.1847
Camarilla	3.0757	3.0812	3.0867	3.0922	3.0977	3.1032	3.1087
Woodie	3.0021	3.0356	3.0622	3.0957	3.1223	3.1558	3.1824
Fibonacci	3.0368	3.0598	3.0739	3.0969	3.1199	3.1340	3.1570

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.9602	2.9986	3.0596	3.0980	3.1590	3.1974	3.2584
Camarilla	3.0932	3.1023	3.1114	3.1205	3.1296	3.1387	3.1478
Woodie	2.9714	3.0043	3.0708	3.1037	3.1702	3.2031	3.2696
Fibonacci	2.9986	3.0366	3.0601	3.0980	3.1360	3.1595	3.1974

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):	43.32
MACD (12,26,9):	-0.0088
Directional Movement:	-2.3943
AROON (14):	-71.4285
DEMA (21):	3.0799
Parabolic SAR (0,02-0,02-0,2):	3.1063
Elder Ray (13):	-0.0134
Super Trend (3,10):	3.0450
Zig ZAG (10):	3.0714
VORTEX (21):	0.9924
Stochastique (14,3,5):	12.33
TEMA (21):	3.0775
Williams %R (14):	-82.56
Chande Momentum Oscillator (20):	-0.0640
Repulse (5,40,3):	-0.1719
ROCnROLL:	2
TRIX (15,9):	-0.0170
Courbe Coppock:	2.32

MA7:	3.0767
MA20:	3.0987
MA50:	3.0935
MA100:	3.1618
MAexp7:	3.0777
MAexp20:	3.0897
MAexp50:	3.1089
MAexp100:	3.1580
Price / MA7:	-0.18%
Price / MA20:	-0.89%
Price / MA50:	-0.72%
Price / MA100:	-2.87%
Price / MAexp7:	-0.21%
Price / MAexp20:	-0.60%
Price / MAexp50:	-1.21%
Price / MAexp100:	-2.75%

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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