CHF/PLN - 1H - Technical analysis published on 05/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
17%
39%
44%
My opinion
Neutral between 4.3005 PLN and 4.3130 PLN
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 4.3130 PLN. The first support is located at 4.3005 PLN. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by CHF/PLN.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish sentiment.
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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Additional analysis
Quotes
The CHF/PLN price is 4.3066 PLN. On the day, this instrument gained +0.01% and was between 4.3016 PLN and 4.3176 PLN. This implies that the price is at +0.12% from its lowest and at -0.25% from its highest.4.3016
4.3176
4.3066
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
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
Technical analysis of this 1H chart of CHF/PLN indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. The Central Indicators scanner found this result concerning these indicators:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.2248 | 4.2890 | 4.3005 | 4.3066 | 4.3130 | 4.3351 | 4.3481 |
| Change (%) | -1.90% | -0.41% | -0.14% | - | +0.15% | +0.66% | +0.96% |
| Change | -0.0818 | -0.0176 | -0.0061 | - | +0.0064 | +0.0285 | +0.0415 |
| Level | Minor | Minor | Intermediate | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2689 | 4.2789 | 4.2926 | 4.3026 | 4.3163 | 4.3263 | 4.3400 |
| Camarilla | 4.2997 | 4.3019 | 4.3040 | 4.3062 | 4.3084 | 4.3106 | 4.3127 |
| Woodie | 4.2707 | 4.2798 | 4.2944 | 4.3035 | 4.3181 | 4.3272 | 4.3418 |
| Fibonacci | 4.2789 | 4.2880 | 4.2936 | 4.3026 | 4.3117 | 4.3173 | 4.3263 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.1692 | 4.2378 | 4.2722 | 4.3408 | 4.3752 | 4.4438 | 4.4782 |
| Camarilla | 4.2782 | 4.2876 | 4.2971 | 4.3065 | 4.3159 | 4.3254 | 4.3348 |
| Woodie | 4.1520 | 4.2293 | 4.2550 | 4.3323 | 4.3580 | 4.4353 | 4.4610 |
| Fibonacci | 4.2378 | 4.2772 | 4.3015 | 4.3408 | 4.3802 | 4.4045 | 4.4438 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.0870 | 4.2079 | 4.3119 | 4.4328 | 4.5368 | 4.6577 | 4.7617 |
| Camarilla | 4.3541 | 4.3747 | 4.3953 | 4.4159 | 4.4365 | 4.4571 | 4.4778 |
| Woodie | 4.0786 | 4.2037 | 4.3035 | 4.4286 | 4.5284 | 4.6535 | 4.7533 |
| Fibonacci | 4.2079 | 4.2938 | 4.3469 | 4.4328 | 4.5187 | 4.5718 | 4.6577 |
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): | 46.50 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 5.1642 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 4.3078 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.2999 | |
| Elder Ray (13): | -0.0029 | |
| Super Trend (3,10): | 4.2973 | |
| Zig ZAG (10): | 4.3046 | |
| VORTEX (21): | 0.9703 | |
| Stochastique (14,3,5): | 32.23 | |
| TEMA (21): | 4.3085 | |
| Williams %R (14): | -76.88 | |
| Chande Momentum Oscillator (20): | -0.0034 | |
| Repulse (5,40,3): | -0.0755 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0053 | |
| Courbe Coppock: | 0.14 |
| MA7: | 4.3133 | |
| MA20: | 4.3745 | |
| MA50: | 4.4021 | |
| MA100: | 4.4928 | |
| MAexp7: | 4.3072 | |
| MAexp20: | 4.3062 | |
| MAexp50: | 4.3055 | |
| MAexp100: | 4.3116 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | -1.55% | |
| Price / MA50: | -2.17% | |
| Price / MA100: | -4.14% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | -0.12% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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