USD/PLN - 1H - Technical analysis published on 08/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 3.9514 PLN
My targets
3.9148 PLN (-0.0110)
3.8839 PLN (-0.0419)
My analysis
The bearish trend is currently very strong for USD/PLN. As long as the price remains below the resistance at 3.9514 PLN, you could try to take advantage of the bearish rally. The first bearish objective is located at 3.9148 PLN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.8839 PLN as an objective. Crossing it would then enable sellers to target 3.7941 PLN. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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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 price is 3.9258 PLN. The price is lower by -0.18% since the last closing and was traded between 3.9141 PLN and 3.9562 PLN over the period. The price is currently at +0.30% from its lowest and -0.77% from its highest.3.9141
3.9562
3.9258
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of USD/PLN in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 5 are neutral and 7 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 3.5468 | 3.7941 | 3.9148 | 3.9258 | 3.9282 | 3.9514 | 3.9696 |
| Change (%) | -9.65% | -3.35% | -0.28% | - | +0.06% | +0.65% | +1.12% |
| Change | -0.3790 | -0.1317 | -0.0110 | - | +0.0024 | +0.0256 | +0.0438 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Intermediate |
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 | 3.8432 | 3.8845 | 3.9087 | 3.9500 | 3.9742 | 4.0155 | 4.0397 |
| Camarilla | 3.9150 | 3.9210 | 3.9270 | 3.9330 | 3.9390 | 3.9450 | 3.9510 |
| Woodie | 3.8348 | 3.8802 | 3.9003 | 3.9457 | 3.9658 | 4.0112 | 4.0313 |
| Fibonacci | 3.8845 | 3.9095 | 3.9250 | 3.9500 | 3.9750 | 3.9905 | 4.0155 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.8422 | 3.8839 | 3.9085 | 3.9502 | 3.9748 | 4.0165 | 4.0411 |
| Camarilla | 3.9148 | 3.9209 | 3.9269 | 3.9330 | 3.9391 | 3.9452 | 3.9512 |
| Woodie | 3.8336 | 3.8796 | 3.8999 | 3.9459 | 3.9662 | 4.0122 | 4.0325 |
| Fibonacci | 3.8839 | 3.9093 | 3.9249 | 3.9502 | 3.9756 | 3.9912 | 4.0165 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.7368 | 3.8142 | 3.8886 | 3.9660 | 4.0404 | 4.1178 | 4.1922 |
| Camarilla | 3.9214 | 3.9353 | 3.9492 | 3.9631 | 3.9770 | 3.9909 | 4.0049 |
| Woodie | 3.7354 | 3.8135 | 3.8872 | 3.9653 | 4.0390 | 4.1171 | 4.1908 |
| Fibonacci | 3.8142 | 3.8722 | 3.9080 | 3.9660 | 4.0240 | 4.0598 | 4.1178 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.95 | |
| MACD (12,26,9): | -0.0057 | |
| Directional Movement: | -3.2880 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 3.9208 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.9316 | |
| Elder Ray (13): | -0.0020 | |
| Super Trend (3,10): | 3.9497 | |
| Zig ZAG (10): | 3.9247 | |
| VORTEX (21): | 0.9587 | |
| Stochastique (14,3,5): | 26.87 | |
| TEMA (21): | 3.9220 | |
| Williams %R (14): | -71.47 | |
| Chande Momentum Oscillator (20): | -0.0091 | |
| Repulse (5,40,3): | 0.0626 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0230 | |
| Courbe Coppock: | 0.66 |
| MA7: | 3.9547 | |
| MA20: | 3.9395 | |
| MA50: | 3.9740 | |
| MA100: | 3.9812 | |
| MAexp7: | 3.9245 | |
| MAexp20: | 3.9289 | |
| MAexp50: | 3.9406 | |
| MAexp100: | 3.9492 | |
| Price / MA7: | -0.73% | |
| Price / MA20: | -0.35% | |
| Price / MA50: | -1.21% | |
| Price / MA100: | -1.39% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.38% | |
| Price / MAexp100: | -0.59% |
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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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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