USD/PLN - Weekly - Technical analysis published on 08/19/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 4.2695 PLN
My targets
4.0316 PLN (-0.0716)
3.9017 PLN (-0.2015)
My analysis
USD/PLN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4.2695 PLN. The next support located at 4.0316 PLN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 3.9017 PLN. Below this support, sellers could then target 3.7754 PLN.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.6
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This analysis was given by sebanja. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/PLN rating 4.1032 PLN. Over 5 days, this instrument gained +1.31% and was traded between 4.0720 PLN and 4.1303 PLN over the period. The price is currently at +0.77% from its lowest point and -0.66% from its highest point.4.0720
4.1303
4.1032
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this USD/PLN chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Weekly
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 3.6569 | 3.7754 | 3.9017 | 4.1032 | 4.1143 | 4.2695 | 4.4785 |
| Change (%) | -10.88% | -7.99% | -4.91% | - | +0.27% | +4.05% | +9.15% |
| Change | -0.4463 | -0.3278 | -0.2015 | - | +0.0111 | +0.1663 | +0.3753 |
| Level | Minor | Minor | Major | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.0527 | 4.0737 | 4.0884 | 4.1094 | 4.1241 | 4.1451 | 4.1598 |
| Camarilla | 4.0934 | 4.0967 | 4.0999 | 4.1032 | 4.1065 | 4.1098 | 4.1130 |
| Woodie | 4.0497 | 4.0721 | 4.0854 | 4.1078 | 4.1211 | 4.1435 | 4.1568 |
| Fibonacci | 4.0737 | 4.0873 | 4.0957 | 4.1094 | 4.1230 | 4.1314 | 4.1451 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.9492 | 3.9827 | 4.0165 | 4.0500 | 4.0838 | 4.1173 | 4.1511 |
| Camarilla | 4.0317 | 4.0379 | 4.0440 | 4.0502 | 4.0564 | 4.0625 | 4.0687 |
| Woodie | 3.9493 | 3.9828 | 4.0166 | 4.0501 | 4.0839 | 4.1174 | 4.1512 |
| Fibonacci | 3.9827 | 4.0084 | 4.0243 | 4.0500 | 4.0757 | 4.0916 | 4.1173 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.6919 | 3.8138 | 3.9097 | 4.0316 | 4.1275 | 4.2494 | 4.3453 |
| Camarilla | 3.9458 | 3.9658 | 3.9857 | 4.0057 | 4.0257 | 4.0456 | 4.0656 |
| Woodie | 3.6790 | 3.8073 | 3.8968 | 4.0251 | 4.1146 | 4.2429 | 4.3324 |
| Fibonacci | 3.8138 | 3.8970 | 3.9484 | 4.0316 | 4.1148 | 4.1662 | 4.2494 |
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): | 42.40 | |
| MACD (12,26,9): | -0.0888 | |
| Directional Movement: | -4.3020 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 4.0080 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.9420 | |
| Elder Ray (13): | 0.0016 | |
| Super Trend (3,10): | 4.2661 | |
| Zig ZAG (10): | 4.1032 | |
| VORTEX (21): | 0.8726 | |
| Stochastique (14,3,5): | 37.24 | |
| TEMA (21): | 3.9887 | |
| Williams %R (14): | -49.03 | |
| Chande Momentum Oscillator (20): | -0.1208 | |
| Repulse (5,40,3): | 1.1795 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3387 | |
| Courbe Coppock: | 7.84 |
| MA7: | 4.0868 | |
| MA20: | 4.0518 | |
| MA50: | 4.0514 | |
| MA100: | 4.1240 | |
| MAexp7: | 4.0568 | |
| MAexp20: | 4.1306 | |
| MAexp50: | 4.2531 | |
| MAexp100: | 4.2453 | |
| Price / MA7: | +0.40% | |
| Price / MA20: | +1.27% | |
| Price / MA50: | +1.28% | |
| Price / MA100: | -0.50% | |
| Price / MAexp7: | +1.14% | |
| Price / MAexp20: | -0.66% | |
| Price / MAexp50: | -3.52% | |
| Price / MAexp100: | -3.35% |
Quotes :
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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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