USD/PLN
USD PLN
- PLN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDPLN
ISIN:

USD/PLN - 1H - Technical analysis published on 03/11/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
83%
6%
My opinion
Bearish under 3.9163 PLN
My targets
3.8896 PLN (-0.0217)
3.8268 PLN (-0.0845)
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 3.9163 PLN. The sellers' bearish objective is set at 3.8896 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.8268 PLN. In case of crossing, the next objective would be the support located at 3.7941 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 confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.4

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 dtaccori. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/PLN rating is 3.9113 PLN. The price is lower by -0.43% since the last closing with the lowest point at 3.9098 PLN and the highest point at 3.9354 PLN. The deviation from the price is +0.04% for the low point and -0.61% for the high point.

3.9098
3.9354
3.9113

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of USD/PLN indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 15 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 3.6569 3.7941 3.8896 3.9113 3.9163 3.9276 3.9444
Change (%) -6.50% -3.00% -0.55% - +0.13% +0.42% +0.85%
Change -0.2544 -0.1172 -0.0217 - +0.0050 +0.0163 +0.0331
Level Minor Minor Intermediate - Intermediate Minor Minor



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
Standard3.88683.90163.91493.92973.94303.95783.9711
Camarilla3.92063.92323.92573.92833.93093.93353.9360
Woodie3.88623.90123.91433.92933.94243.95743.9705
Fibonacci3.90163.91233.91893.92973.94043.94703.9578


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.82683.87163.89993.94473.97304.01784.0461
Camarilla3.90823.91493.92163.92833.93503.94173.9484
Woodie3.81873.86753.89183.94063.96494.01374.0380
Fibonacci3.87163.89953.91673.94473.97263.98984.0178


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.83303.89443.94424.00564.05544.11684.1666
Camarilla3.96333.97353.98373.99394.00414.01434.0245
Woodie3.82713.89153.93834.00274.04954.11394.1607
Fibonacci3.89443.93693.96324.00564.04814.07444.1168

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): 28.15
MACD (12,26,9): -0.0037
Directional Movement: -25.6536
AROON (14): -78.5714
DEMA (21): 3.9231
Parabolic SAR (0,02-0,02-0,2): 3.9335
Elder Ray (13): -0.0090
Super Trend (3,10): 3.9332
Zig ZAG (10): 3.9130
VORTEX (21): 0.9173
Stochastique (14,3,5): 13.74
TEMA (21): 3.9215
Williams %R (14): -99.56
Chande Momentum Oscillator (20): -0.0202
Repulse (5,40,3): -0.4237
ROCnROLL: 2
TRIX (15,9): -0.0067
Courbe Coppock: 0.41
MA7: 3.9507
MA20: 3.9844
MA50: 3.9968
MA100: 4.0228
MAexp7: 3.9219
MAexp20: 3.9274
MAexp50: 3.9338
MAexp100: 3.9442
Price / MA7: -1.00%
Price / MA20: -1.83%
Price / MA50: -2.14%
Price / MA100: -2.77%
Price / MAexp7: -0.27%
Price / MAexp20: -0.41%
Price / MAexp50: -0.57%
Price / MAexp100: -0.83%

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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