CHF/PLN
CHF PLN
- PLN (-)
- Real time data - Forex
Open: -
Change: -
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High: -
High / Low range: -
Type: Forex
Ticker: CHFPLN
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CHF/PLN - 1H - Technical analysis published on 04/22/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 4.4486 PLN
My targets
4.4282 PLN (-0.0148)
4.3906 PLN (-0.0524)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/PLN as long as the price remains well below 4.4486 PLN. The next bearish objective for sellers is set at 4.4282 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.3906 PLN. If there is any crossing, the next objective would be the support located at 4.3481 PLN. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.3

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:
15 min. Daily Weekly

Additional analysis

Quotes

The CHF/PLN rating is 4.4430 PLN. The price has increased by +0.00% since the last closing and was traded between 4.4261 PLN and 4.4674 PLN over the period. The price is currently at +0.38% from its lowest and -0.55% from its highest.

4.4261
4.4674
4.4430

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 this 1H chart of CHF/PLN indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.3481 4.3906 4.4282 4.4430 4.4486 4.4693 4.5113
Change (%) -2.14% -1.18% -0.33% - +0.13% +0.59% +1.54%
Change -0.0949 -0.0524 -0.0148 - +0.0056 +0.0263 +0.0683
Level Major Minor Intermediate - Intermediate Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.28554.36124.40224.47794.51894.59464.6356
Camarilla4.41104.42174.43244.44314.45384.46454.4752
Woodie4.26814.35254.38484.46924.50154.58594.6182
Fibonacci4.36124.40584.43344.47794.52254.55014.5946


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.20814.29944.37124.46254.53434.62564.6974
Camarilla4.39834.41324.42824.44314.45814.47304.4880
Woodie4.19854.29454.36164.45764.52474.62074.6878
Fibonacci4.29944.36174.40024.46254.52484.56334.6256


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.22994.30934.36024.43964.49054.56994.6208
Camarilla4.37544.38734.39934.41124.42314.43514.4470
Woodie4.21584.30224.34614.43254.47644.56284.6067
Fibonacci4.30934.35904.38984.43964.48934.52014.5699

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): 43.87
MACD (12,26,9): -0.0019
Directional Movement: 2.7450
AROON (14): 7.1429
DEMA (21): 4.4436
Parabolic SAR (0,02-0,02-0,2): 4.4669
Elder Ray (13): -0.0016
Super Trend (3,10): 4.4285
Zig ZAG (10): 4.4436
VORTEX (21): 1.0416
Stochastique (14,3,5): 26.30
TEMA (21): 4.4461
Williams %R (14): -93.02
Chande Momentum Oscillator (20): -0.0067
Repulse (5,40,3): -0.0930
ROCnROLL: 2
TRIX (15,9): -0.0074
Courbe Coppock: 0.26
MA7: 4.4538
MA20: 4.4101
MA50: 4.4633
MA100: 4.5432
MAexp7: 4.4454
MAexp20: 4.4466
MAexp50: 4.4525
MAexp100: 4.4526
Price / MA7: -0.24%
Price / MA20: +0.75%
Price / MA50: -0.45%
Price / MA100: -2.21%
Price / MAexp7: -0.05%
Price / MAexp20: -0.08%
Price / MAexp50: -0.21%
Price / MAexp100: -0.22%

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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