USD/PLN - Daily - Technical analysis published on 12/01/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 4.5826 PLN
My targets
4.4035 PLN (-0.0757)
4.2915 PLN (-0.1877)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/PLN as long as the price remains well below 4.5826 PLN. The sellers' bearish objective is set at 4.4035 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.2915 PLN. In case of crossing, the next objective would be the support located at 4.1589 PLN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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:
Additional analysis
Quotes
USD/PLN rating 4.4792 PLN. On the day, this instrument gained +0.00% and was between 4.4727 PLN and 4.4837 PLN. This implies that the price is at +0.15% from its lowest and at -0.10% from its highest.4.4727
4.4837
4.4792
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.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/PLN:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of USD/PLN indicates that the overall trend is strongly bearish. 85.71% 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 on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
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 : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : Daily
Bullish harami cross
Type : Bullish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.1589 | 4.2915 | 4.4035 | 4.4792 | 4.5826 | 4.7007 | 4.8175 |
| Change (%) | -7.15% | -4.19% | -1.69% | - | +2.31% | +4.95% | +7.55% |
| Change | -0.3203 | -0.1877 | -0.0757 | - | +0.1034 | +0.2215 | +0.3383 |
| Level | Minor | Major | Minor | - | Major | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3907 | 4.4340 | 4.4566 | 4.4999 | 4.5225 | 4.5658 | 4.5884 |
| Camarilla | 4.4612 | 4.4672 | 4.4733 | 4.4793 | 4.4853 | 4.4914 | 4.4974 |
| Woodie | 4.3805 | 4.4288 | 4.4464 | 4.4947 | 4.5123 | 4.5606 | 4.5782 |
| Fibonacci | 4.4340 | 4.4591 | 4.4747 | 4.4999 | 4.5250 | 4.5406 | 4.5658 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3640 | 4.4317 | 4.4722 | 4.5399 | 4.5804 | 4.6481 | 4.6886 |
| Camarilla | 4.4831 | 4.4930 | 4.5029 | 4.5128 | 4.5227 | 4.5326 | 4.5426 |
| Woodie | 4.3505 | 4.4249 | 4.4587 | 4.5331 | 4.5669 | 4.6413 | 4.6751 |
| Fibonacci | 4.4317 | 4.4730 | 4.4985 | 4.5399 | 4.5812 | 4.6067 | 4.6481 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.9605 | 4.2101 | 4.3447 | 4.5943 | 4.7289 | 4.9785 | 5.1131 |
| Camarilla | 4.3737 | 4.4089 | 4.4441 | 4.4793 | 4.5145 | 4.5497 | 4.5850 |
| Woodie | 3.9030 | 4.1814 | 4.2872 | 4.5656 | 4.6714 | 4.9498 | 5.0556 |
| Fibonacci | 4.2101 | 4.3569 | 4.4475 | 4.5943 | 4.7411 | 4.8317 | 4.9785 |
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): | 33.40 | |
| MACD (12,26,9): | -0.0699 | |
| Directional Movement: | -13.6128 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 4.4827 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4614 | |
| Elder Ray (13): | -0.0616 | |
| Super Trend (3,10): | 4.6562 | |
| Zig ZAG (10): | 4.4797 | |
| VORTEX (21): | 0.8383 | |
| Stochastique (14,3,5): | 16.02 | |
| TEMA (21): | 4.4588 | |
| Williams %R (14): | -88.06 | |
| Chande Momentum Oscillator (20): | -0.0988 | |
| Repulse (5,40,3): | -0.7231 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2294 | |
| Courbe Coppock: | 4.85 |
| MA7: | 4.5088 | |
| MA20: | 4.5663 | |
| MA50: | 4.7552 | |
| MA100: | 4.7212 | |
| MAexp7: | 4.5107 | |
| MAexp20: | 4.5765 | |
| MAexp50: | 4.6665 | |
| MAexp100: | 4.6603 | |
| Price / MA7: | -0.66% | |
| Price / MA20: | -1.91% | |
| Price / MA50: | -5.80% | |
| Price / MA100: | -5.13% | |
| Price / MAexp7: | -0.70% | |
| Price / MAexp20: | -2.13% | |
| Price / MAexp50: | -4.01% | |
| Price / MAexp100: | -3.89% |
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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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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