USD/PLN - 1H - Technical analysis published on 01/10/2022 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 4.0204 PLN
My targets
3.9792 PLN (-0.0324)
3.9569 PLN (-0.0547)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 4.0204 PLN remains possible. It is advisable to trade USD/PLN with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 4.0204 PLN. The next bearish objective for sellers is set at 3.9792 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.9569 PLN. In case of crossing, the next objective would be the support located at 3.9017 PLN. PS: if there is a bullish break in the resistance located at 4.0204 PLN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/PLN rating is 4.0116 PLN. On the day, this instrument gained +0.26% with the lowest point at 3.9999 PLN and the highest point at 4.0179 PLN. The deviation from the price is +0.29% for the low point and -0.16% for the high point.3.9999
4.0179
4.0116
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:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/PLN indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.6443 | 3.7789 | 3.9017 | 4.0116 | 4.0155 | 4.0442 | 4.0619 |
| Change (%) | -9.16% | -5.80% | -2.74% | - | +0.10% | +0.81% | +1.25% |
| Change | -0.3673 | -0.2327 | -0.1099 | - | +0.0039 | +0.0326 | +0.0503 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.9511 | 3.9747 | 3.9880 | 4.0116 | 4.0249 | 4.0485 | 4.0618 |
| Camarilla | 3.9913 | 3.9946 | 3.9980 | 4.0014 | 4.0048 | 4.0082 | 4.0116 |
| Woodie | 3.9461 | 3.9721 | 3.9830 | 4.0090 | 4.0199 | 4.0459 | 4.0568 |
| Fibonacci | 3.9747 | 3.9888 | 3.9975 | 4.0116 | 4.0257 | 4.0344 | 4.0485 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.9157 | 3.9569 | 3.9792 | 4.0204 | 4.0427 | 4.0839 | 4.1062 |
| Camarilla | 3.9839 | 3.9898 | 3.9956 | 4.0014 | 4.0072 | 4.0130 | 4.0189 |
| Woodie | 3.9062 | 3.9522 | 3.9697 | 4.0157 | 4.0332 | 4.0792 | 4.0967 |
| Fibonacci | 3.9569 | 3.9812 | 3.9962 | 4.0204 | 4.0447 | 4.0597 | 4.0839 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.9023 | 3.9651 | 3.9993 | 4.0621 | 4.0963 | 4.1591 | 4.1933 |
| Camarilla | 4.0067 | 4.0156 | 4.0245 | 4.0334 | 4.0423 | 4.0512 | 4.0601 |
| Woodie | 3.8879 | 3.9580 | 3.9849 | 4.0550 | 4.0819 | 4.1520 | 4.1789 |
| Fibonacci | 3.9651 | 4.0022 | 4.0251 | 4.0621 | 4.0992 | 4.1221 | 4.1591 |
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): | 54.30 | |
| MACD (12,26,9): | -0.0025 | |
| Directional Movement: | -0.3131 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 4.0068 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.0041 | |
| Elder Ray (13): | 0.0053 | |
| Super Trend (3,10): | 4.0188 | |
| Zig ZAG (10): | 4.0152 | |
| VORTEX (21): | 0.9113 | |
| Stochastique (14,3,5): | 91.37 | |
| TEMA (21): | 4.0096 | |
| Williams %R (14): | -3.17 | |
| Chande Momentum Oscillator (20): | 0.0155 | |
| Repulse (5,40,3): | 0.1676 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0188 | |
| Courbe Coppock: | 0.31 |
| MA7: | 4.0317 | |
| MA20: | 4.0669 | |
| MA50: | 4.0737 | |
| MA100: | 3.9953 | |
| MAexp7: | 4.0113 | |
| MAexp20: | 4.0114 | |
| MAexp50: | 4.0196 | |
| MAexp100: | 4.0289 | |
| Price / MA7: | -0.50% | |
| Price / MA20: | -1.36% | |
| Price / MA50: | -1.52% | |
| Price / MA100: | +0.41% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.43% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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