CAD/PLN

- PLN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CADPLN
ISIN:

CAD/PLN - 1H - Technical analysis published on 08/18/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

67%

11%

My opinion

Bearish under 2.8348 PLN

My targets

2.8050 PLN (-0.0258)

2.7845 PLN (-0.0463)

My analysis

The bearish trend is currently very strong for CAD/PLN. As long as the price remains below the resistance at 2.8348 PLN, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.8050 PLN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.7845 PLN as an objective. Crossing it would then enable sellers to target 2.7650 PLN. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

7.5

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 2.8308 PLN. The price registered an increase of +0.19% on the session and was traded between 2.8280 PLN and 2.8308 PLN over the period. The price is currently at +0.10% from its lowest and 0% from its highest.

2.8280

2.8308

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CAD/PLN in 1H 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 2 are neutral and 12 are bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.9875	2.6059	2.7650	2.8308	2.8348	2.8502	2.8620
Change (%)	-29.79%	-7.94%	-2.32%	-	+0.14%	+0.69%	+1.10%
Change	-0.8433	-0.2249	-0.0658	-	+0.0040	+0.0194	+0.0312
Level	Minor	Intermediate	Major	-	Major	Minor	Minor

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	2.7950	2.8099	2.8177	2.8326	2.8404	2.8553	2.8631
Camarilla	2.8192	2.8212	2.8233	2.8254	2.8275	2.8296	2.8316
Woodie	2.7914	2.8081	2.8141	2.8308	2.8368	2.8535	2.8595
Fibonacci	2.8099	2.8186	2.8240	2.8326	2.8413	2.8467	2.8553

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.7442	2.7845	2.8050	2.8453	2.8658	2.9061	2.9266
Camarilla	2.8087	2.8143	2.8198	2.8254	2.8310	2.8366	2.8421
Woodie	2.7342	2.7796	2.7950	2.8404	2.8558	2.9012	2.9166
Fibonacci	2.7845	2.8078	2.8221	2.8453	2.8686	2.8829	2.9061

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.7193	2.7798	2.8250	2.8855	2.9307	2.9912	3.0364
Camarilla	2.8410	2.8507	2.8604	2.8701	2.8798	2.8895	2.8992
Woodie	2.7116	2.7760	2.8173	2.8817	2.9230	2.9874	3.0287
Fibonacci	2.7798	2.8202	2.8452	2.8855	2.9259	2.9509	2.9912

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):	24.54
MACD (12,26,9):	-0.0045
Directional Movement:	-10.3682
AROON (14):	-100.0000
DEMA (21):	2.8276
Parabolic SAR (0,02-0,02-0,2):	2.8316
Elder Ray (13):	-0.0031
Super Trend (3,10):	2.8361
Zig ZAG (10):	2.8254
VORTEX (21):	0.7344
Stochastique (14,3,5):	1.09
TEMA (21):	2.8248
Williams %R (14):	-97.24
Chande Momentum Oscillator (20):	-0.0106
Repulse (5,40,3):	-0.2193
ROCnROLL:	2
TRIX (15,9):	-0.0183
Courbe Coppock:	1.04

MA7:	2.8554
MA20:	2.8585
MA50:	2.8928
MA100:	2.9030
MAexp7:	2.8278
MAexp20:	2.8330
MAexp50:	2.8389
MAexp100:	2.8454
Price / MA7:	-0.86%
Price / MA20:	-0.97%
Price / MA50:	-2.14%
Price / MA100:	-2.49%
Price / MAexp7:	+0.11%
Price / MAexp20:	-0.08%
Price / MAexp50:	-0.29%
Price / MAexp100:	-0.51%

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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Londinia AI

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