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CAD/PLN
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 12/20/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 2.8454 PLN
My targets
2.8609 PLN (+0.0103)
2.8699 PLN (+0.0193)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on CAD/PLN as long as the price remains well above 2.8454 PLN. The buyers' bullish objective is set at 2.8609 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.8699 PLN. If there is any crossing, the next objective would be the resistance located at 2.8744 PLN. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.9

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

Additional analysis

Quotes

CAD/PLN rating 2.8506 PLN. On the day, this instrument lost -0.03% with the lowest point at 2.8441 PLN and the highest point at 2.8554 PLN. The deviation from the price is +0.23% for the low point and -0.17% for the high point.

2.8441
2.8554
2.8506

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

Central Gaps

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:

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of CAD/PLN in 1H shows an overall bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour



Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.8374 2.8454 2.8499 2.8506 2.8609 2.8699 2.8744
Change (%) -0.46% -0.18% -0.02% - +0.36% +0.68% +0.83%
Change -0.0132 -0.0052 -0.0007 - +0.0103 +0.0193 +0.0238
Level Intermediate Minor Minor - Major Major Minor



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
Standard2.81522.82632.83882.84992.86242.87352.8860
Camarilla2.84482.84702.84912.85132.85352.85562.8578
Woodie2.81592.82672.83952.85032.86312.87392.8867
Fibonacci2.82632.83532.84092.84992.85892.86452.8735


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.79302.81802.83362.85862.87422.89922.9148
Camarilla2.83802.84182.84552.84922.85292.85662.8604
Woodie2.78832.81572.82892.85632.86952.89692.9101
Fibonacci2.81802.83352.84312.85862.87412.88372.8992


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.70012.77922.84122.92032.98233.06143.1234
Camarilla2.86442.87732.89032.90322.91612.92912.9420
Woodie2.69162.77492.83272.91602.97383.05713.1149
Fibonacci2.77922.83312.86642.92032.97423.00753.0614

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): 51.48
MACD (12,26,9): 0.0003
Directional Movement: 3.7150
AROON (14): -14.2857
DEMA (21): 2.8501
Parabolic SAR (0,02-0,02-0,2): 2.8539
Elder Ray (13): 0.0002
Super Trend (3,10): 2.8390
Zig ZAG (10): 2.8501
VORTEX (21): 1.0452
Stochastique (14,3,5): 52.64
TEMA (21): 2.8492
Williams %R (14): -48.67
Chande Momentum Oscillator (20): 0.0008
Repulse (5,40,3): -0.0343
ROCnROLL: 1
TRIX (15,9): 0.0026
Courbe Coppock: 0.29
MA7: 2.8513
MA20: 2.8766
MA50: 2.8921
MA100: 2.8717
MAexp7: 2.8493
MAexp20: 2.8495
MAexp50: 2.8483
MAexp100: 2.8486
Price / MA7: -0.02%
Price / MA20: -0.90%
Price / MA50: -1.43%
Price / MA100: -0.73%
Price / MAexp7: +0.05%
Price / MAexp20: +0.04%
Price / MAexp50: +0.08%
Price / MAexp100: +0.07%

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
Londinia AI

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