USD/PLN - Daily - Technical analysis published on 07/06/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 4.2143 PLN
My targets
4.0342 PLN (-0.0786)
3.9017 PLN (-0.2111)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on USD/PLN. As long as you are under the resistance located at 4.2143 PLN, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 4.0342 PLN would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 3.9017 PLN as an objective. Crossing it would then enable sellers to target 3.6569 PLN. If the resistance 4.2143 PLN were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/PLN rating is 4.1128 PLN. On the day, this instrument lost -0.01% and was between 4.1027 PLN and 4.1282 PLN. This implies that the price is at +0.25% from its lowest and at -0.37% from its highest.4.1027
4.1282
4.1128
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 USD/PLN in Daily shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
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:
Near resistance of channel
Type : Bearish
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 | 3.6569 | 3.9017 | 4.0342 | 4.1128 | 4.1143 | 4.2695 | 4.4785 |
| Change (%) | -11.08% | -5.13% | -1.91% | - | +0.04% | +3.81% | +8.89% |
| Change | -0.4559 | -0.2111 | -0.0786 | - | +0.0015 | +0.1567 | +0.3657 |
| Level | Minor | Major | Major | - | Major | Major | 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 | 4.0253 | 4.0446 | 4.0789 | 4.0982 | 4.1325 | 4.1518 | 4.1861 |
| Camarilla | 4.0985 | 4.1034 | 4.1083 | 4.1132 | 4.1181 | 4.1230 | 4.1279 |
| Woodie | 4.0328 | 4.0484 | 4.0864 | 4.1020 | 4.1400 | 4.1556 | 4.1936 |
| Fibonacci | 4.0446 | 4.0651 | 4.0777 | 4.0982 | 4.1187 | 4.1313 | 4.1518 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.9488 | 3.9912 | 4.0342 | 4.0766 | 4.1196 | 4.1620 | 4.2050 |
| Camarilla | 4.0538 | 4.0616 | 4.0695 | 4.0773 | 4.0851 | 4.0930 | 4.1008 |
| Woodie | 3.9492 | 3.9914 | 4.0346 | 4.0768 | 4.1200 | 4.1622 | 4.2054 |
| Fibonacci | 3.9912 | 4.0238 | 4.0439 | 4.0766 | 4.1092 | 4.1293 | 4.1620 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.7477 | 3.8846 | 3.9810 | 4.1179 | 4.2143 | 4.3512 | 4.4476 |
| Camarilla | 4.0131 | 4.0345 | 4.0559 | 4.0773 | 4.0987 | 4.1201 | 4.1415 |
| Woodie | 3.7274 | 3.8745 | 3.9607 | 4.1078 | 4.1940 | 4.3411 | 4.4273 |
| Fibonacci | 3.8846 | 3.9738 | 4.0288 | 4.1179 | 4.2071 | 4.2621 | 4.3512 |
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): | 51.92 | |
| MACD (12,26,9): | -0.0170 | |
| Directional Movement: | 3.4096 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 4.0724 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.0449 | |
| Elder Ray (13): | 0.0244 | |
| Super Trend (3,10): | 4.1571 | |
| Zig ZAG (10): | 4.1167 | |
| VORTEX (21): | 0.9323 | |
| Stochastique (14,3,5): | 77.32 | |
| TEMA (21): | 4.0777 | |
| Williams %R (14): | -11.91 | |
| Chande Momentum Oscillator (20): | 0.0463 | |
| Repulse (5,40,3): | 1.0699 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0912 | |
| Courbe Coppock: | 0.49 |
| MA7: | 4.0903 | |
| MA20: | 4.0865 | |
| MA50: | 4.1409 | |
| MA100: | 4.2378 | |
| MAexp7: | 4.0926 | |
| MAexp20: | 4.0991 | |
| MAexp50: | 4.1447 | |
| MAexp100: | 4.2217 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | +0.64% | |
| Price / MA50: | -0.68% | |
| Price / MA100: | -2.95% | |
| Price / MAexp7: | +0.49% | |
| Price / MAexp20: | +0.33% | |
| Price / MAexp50: | -0.77% | |
| Price / MAexp100: | -2.58% |
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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