CAD/PLN - Daily - Technical analysis published on 08/07/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 3.1018 PLN
My targets
2.9761 PLN (-0.0380)
2.9037 PLN (-0.1104)
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 3.1018 PLN. The next support located at 2.9761 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 2.9037 PLN. Below this support, sellers could then target 2.7110 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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.
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Additional analysis
Quotes
The CAD/PLN rating is 3.0141 PLN. The price registered an increase of +0.32% on the session and was traded between 3.0078 PLN and 3.0184 PLN over the period. The price is currently at +0.21% from its lowest and -0.14% from its highest.3.0078
3.0184
3.0141
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 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. 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. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 5 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami cross
Type : Bullish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.4739 | 2.7110 | 2.9037 | 3.0141 | 3.0238 | 3.1375 | 3.1987 |
| Change (%) | -17.92% | -10.06% | -3.66% | - | +0.32% | +4.09% | +6.12% |
| Change | -0.5402 | -0.3031 | -0.1104 | - | +0.0097 | +0.1234 | +0.1846 |
| Level | Minor | Major | Minor | - | Major | Intermediate | 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 | 2.9382 | 2.9714 | 2.9880 | 3.0212 | 3.0378 | 3.0710 | 3.0876 |
| Camarilla | 2.9909 | 2.9955 | 3.0000 | 3.0046 | 3.0092 | 3.0137 | 3.0183 |
| Woodie | 2.9299 | 2.9673 | 2.9797 | 3.0171 | 3.0295 | 3.0669 | 3.0793 |
| Fibonacci | 2.9714 | 2.9904 | 3.0022 | 3.0212 | 3.0402 | 3.0520 | 3.0710 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.9207 | 2.9627 | 2.9836 | 3.0256 | 3.0465 | 3.0885 | 3.1094 |
| Camarilla | 2.9873 | 2.9931 | 2.9988 | 3.0046 | 3.0104 | 3.0161 | 3.0219 |
| Woodie | 2.9103 | 2.9574 | 2.9732 | 3.0203 | 3.0361 | 3.0832 | 3.0990 |
| Fibonacci | 2.9627 | 2.9867 | 3.0015 | 3.0256 | 3.0496 | 3.0644 | 3.0885 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.8504 | 2.9163 | 2.9761 | 3.0420 | 3.1018 | 3.1677 | 3.2275 |
| Camarilla | 3.0014 | 3.0130 | 3.0245 | 3.0360 | 3.0475 | 3.0591 | 3.0706 |
| Woodie | 2.8475 | 2.9148 | 2.9732 | 3.0405 | 3.0989 | 3.1662 | 3.2246 |
| Fibonacci | 2.9163 | 2.9643 | 2.9940 | 3.0420 | 3.0900 | 3.1197 | 3.1677 |
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): | 42.75 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -5.0229 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 3.0221 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.0675 | |
| Elder Ray (13): | -0.0185 | |
| Super Trend (3,10): | 3.0842 | |
| Zig ZAG (10): | 3.0142 | |
| VORTEX (21): | 0.9152 | |
| Stochastique (14,3,5): | 41.79 | |
| TEMA (21): | 3.0238 | |
| Williams %R (14): | -79.58 | |
| Chande Momentum Oscillator (20): | -0.0224 | |
| Repulse (5,40,3): | -1.3807 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0530 | |
| Courbe Coppock: | 0.65 |
| MA7: | 3.0310 | |
| MA20: | 3.0281 | |
| MA50: | 3.0661 | |
| MA100: | 3.0938 | |
| MAexp7: | 3.0276 | |
| MAexp20: | 3.0364 | |
| MAexp50: | 3.0599 | |
| MAexp100: | 3.1066 | |
| Price / MA7: | -0.56% | |
| Price / MA20: | -0.46% | |
| Price / MA50: | -1.70% | |
| Price / MA100: | -2.58% | |
| Price / MAexp7: | -0.45% | |
| Price / MAexp20: | -0.73% | |
| Price / MAexp50: | -1.50% | |
| Price / MAexp100: | -2.98% |
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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