CAD/PLN - 1H - Technical analysis published on 08/07/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 3.0238 PLN
My targets
3.0151 PLN (-0.0044)
2.9836 PLN (-0.0359)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/PLN. As long as you are under the resistance located at 3.0238 PLN, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 3.0151 PLN would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 2.9836 PLN as an objective. Crossing it would then enable sellers to target 2.9037 PLN. If the resistance 3.0238 PLN were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.7
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 3.0195 PLN. The price registered an increase of +0.50% on the session with the lowest point at 3.0078 PLN and the highest point at 3.0202 PLN. The deviation from the price is +0.39% for the low point and -0.02% for the high point.3.0078
3.0202
3.0195
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 2.7110 | 2.9037 | 3.0151 | 3.0195 | 3.0238 | 3.0403 | 3.0531 |
| Change (%) | -10.22% | -3.84% | -0.15% | - | +0.14% | +0.69% | +1.11% |
| Change | -0.3085 | -0.1158 | -0.0044 | - | +0.0043 | +0.0208 | +0.0336 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Intermediate |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.93 | |
| MACD (12,26,9): | -0.0061 | |
| Directional Movement: | -14.8114 | |
| AROON (14): | 28.5715 | |
| DEMA (21): | 3.0099 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.0094 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 3.0283 | |
| Zig ZAG (10): | 3.0174 | |
| VORTEX (21): | 0.7722 | |
| Stochastique (14,3,5): | 75.60 | |
| TEMA (21): | 3.0097 | |
| Williams %R (14): | -5.07 | |
| Chande Momentum Oscillator (20): | 0.0061 | |
| Repulse (5,40,3): | 0.1935 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0383 | |
| Courbe Coppock: | 0.26 |
| MA7: | 3.0315 | |
| MA20: | 3.0283 | |
| MA50: | 3.0662 | |
| MA100: | 3.0939 | |
| MAexp7: | 3.0149 | |
| MAexp20: | 3.0188 | |
| MAexp50: | 3.0292 | |
| MAexp100: | 3.0346 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | -0.29% | |
| Price / MA50: | -1.52% | |
| Price / MA100: | -2.40% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | -0.32% | |
| Price / MAexp100: | -0.50% |
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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