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 09/03/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

33%

56%

11%

My opinion

Bearish under 2.8621 PLN

My targets

2.8566 PLN (-0.0011)

2.8348 PLN (-0.0229)

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 2.8621 PLN. The sellers' bearish objective is set at 2.8566 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.8348 PLN. In case of crossing, the next objective would be the support located at 2.8293 PLN.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

5.4

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 2.8577 PLN. The price registered a decrease of -0.02% on the session and was between 2.8545 PLN and 2.8612 PLN. This implies that the price is at +0.11% from its lowest and at -0.12% from its highest.

2.8545

2.8612

2.8577

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

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

A technical analysis in 1H of this CAD/PLN chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 6 are bullish, 2 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:

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:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.8293	2.8348	2.8557	2.8577	2.8621	2.8692	2.8800
Change (%)	-0.99%	-0.80%	-0.07%	-	+0.15%	+0.40%	+0.78%
Change	-0.0284	-0.0229	-0.0020	-	+0.0044	+0.0115	+0.0223
Level	Minor	Intermediate	Major	-	Intermediate	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	2.8247	2.8401	2.8492	2.8646	2.8737	2.8891	2.8982
Camarilla	2.8516	2.8538	2.8561	2.8583	2.8606	2.8628	2.8650
Woodie	2.8216	2.8385	2.8461	2.8630	2.8706	2.8875	2.8951
Fibonacci	2.8401	2.8495	2.8552	2.8646	2.8740	2.8797	2.8891

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.7777	2.7991	2.8352	2.8566	2.8927	2.9141	2.9502
Camarilla	2.8555	2.8608	2.8660	2.8713	2.8766	2.8818	2.8871
Woodie	2.7851	2.8028	2.8426	2.8603	2.9001	2.9178	2.9576
Fibonacci	2.7991	2.8211	2.8346	2.8566	2.8786	2.8921	2.9141

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.7576	2.7878	2.8295	2.8597	2.9014	2.9316	2.9733
Camarilla	2.8515	2.8581	2.8647	2.8713	2.8779	2.8845	2.8911
Woodie	2.7635	2.7907	2.8354	2.8626	2.9073	2.9345	2.9792
Fibonacci	2.7878	2.8152	2.8322	2.8597	2.8871	2.9041	2.9316

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):	34.09
MACD (12,26,9):	-0.0029
Directional Movement:	-12.4241
AROON (14):	-7.1429
DEMA (21):	2.8556
Parabolic SAR (0,02-0,02-0,2):	2.8611
Elder Ray (13):	-0.0025
Super Trend (3,10):	2.8640
Zig ZAG (10):	2.8568
VORTEX (21):	0.8140
Stochastique (14,3,5):	20.97
TEMA (21):	2.8550
Williams %R (14):	-61.19
Chande Momentum Oscillator (20):	-0.0015
Repulse (5,40,3):	0.0222
ROCnROLL:	2
TRIX (15,9):	-0.0152
Courbe Coppock:	0.27

MA7:	2.8593
MA20:	2.8501
MA50:	2.8693
MA100:	2.8936
MAexp7:	2.8573
MAexp20:	2.8595
MAexp50:	2.8630
MAexp100:	2.8614
Price / MA7:	-0.06%
Price / MA20:	+0.27%
Price / MA50:	-0.40%
Price / MA100:	-1.24%
Price / MAexp7:	+0.02%
Price / MAexp20:	-0.06%
Price / MAexp50:	-0.18%
Price / MAexp100:	-0.13%

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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