CHF/PLN - Daily - Technical analysis published on 02/03/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 4.8092 PLN
My targets
4.6493 PLN (-0.0538)
4.5192 PLN (-0.1839)
My analysis
CHF/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 4.8092 PLN. The next support located at 4.6493 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 4.5192 PLN. Below this support, sellers could then target 4.4411 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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Additional analysis
Quotes
The CHF/PLN price is 4.7031 PLN. On the day, this instrument gained +0.00% and was traded between 4.6953 PLN and 4.7093 PLN over the period. The price is currently at +0.17% from its lowest and -0.13% from its highest.4.6953
4.7093
4.7031
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/PLN:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this CHF/PLN chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.3512 | 4.4411 | 4.5192 | 4.7031 | 4.7149 | 4.8550 | 4.9549 |
| Change (%) | -7.48% | -5.57% | -3.91% | - | +0.25% | +3.23% | +5.35% |
| Change | -0.3519 | -0.2620 | -0.1839 | - | +0.0118 | +0.1519 | +0.2518 |
| Level | Major | Minor | Minor | - | Major | Intermediate | Major |
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 | 4.6618 | 4.6774 | 4.6903 | 4.7059 | 4.7188 | 4.7344 | 4.7473 |
| Camarilla | 4.6954 | 4.6980 | 4.7006 | 4.7032 | 4.7058 | 4.7084 | 4.7110 |
| Woodie | 4.6605 | 4.6767 | 4.6890 | 4.7052 | 4.7175 | 4.7337 | 4.7460 |
| Fibonacci | 4.6774 | 4.6883 | 4.6950 | 4.7059 | 4.7168 | 4.7235 | 4.7344 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6238 | 4.6502 | 4.6725 | 4.6989 | 4.7212 | 4.7476 | 4.7699 |
| Camarilla | 4.6814 | 4.6859 | 4.6903 | 4.6948 | 4.6993 | 4.7037 | 4.7082 |
| Woodie | 4.6218 | 4.6492 | 4.6705 | 4.6979 | 4.7192 | 4.7466 | 4.7679 |
| Fibonacci | 4.6502 | 4.6688 | 4.6803 | 4.6989 | 4.7175 | 4.7290 | 4.7476 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4894 | 4.5668 | 4.6493 | 4.7267 | 4.8092 | 4.8866 | 4.9691 |
| Camarilla | 4.6878 | 4.7025 | 4.7171 | 4.7318 | 4.7465 | 4.7611 | 4.7758 |
| Woodie | 4.4920 | 4.5681 | 4.6519 | 4.7280 | 4.8118 | 4.8879 | 4.9717 |
| Fibonacci | 4.5668 | 4.6279 | 4.6656 | 4.7267 | 4.7878 | 4.8255 | 4.8866 |
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): | 45.81 | |
| MACD (12,26,9): | -0.0083 | |
| Directional Movement: | -0.2174 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 4.7008 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.7944 | |
| Elder Ray (13): | -0.0055 | |
| Super Trend (3,10): | 4.7876 | |
| Zig ZAG (10): | 4.6975 | |
| VORTEX (21): | 0.9616 | |
| Stochastique (14,3,5): | 27.88 | |
| TEMA (21): | 4.7034 | |
| Williams %R (14): | -83.24 | |
| Chande Momentum Oscillator (20): | -0.0838 | |
| Repulse (5,40,3): | -0.3699 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0253 | |
| Courbe Coppock: | 0.28 |
| MA7: | 4.7040 | |
| MA20: | 4.7095 | |
| MA50: | 4.7291 | |
| MA100: | 4.8000 | |
| MAexp7: | 4.7051 | |
| MAexp20: | 4.7125 | |
| MAexp50: | 4.7348 | |
| MAexp100: | 4.7569 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | -0.14% | |
| Price / MA50: | -0.55% | |
| Price / MA100: | -2.02% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | -0.67% | |
| Price / MAexp100: | -1.13% |
Quotes :
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Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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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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