Londinia Opportunities Analyses - 11/18/2024 (GMT) USD/PLN - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 4.0870 PLN
My targets
4.0505 PLN (-0.0226)
4.0318 PLN (-0.0413)
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 4.0870 PLN. The next support located at 4.0505 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 4.0318 PLN. Below this support, sellers could then target 3.9850 PLN. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
7.5
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Additional analysis
Quotes
The USD/PLN price is 4.0731 PLN. On the day, this instrument lost -0.61% and was traded between 4.0722 PLN and 4.1150 PLN over the period. The price is currently at +0.02% from its lowest and -1.02% from its highest.4.0722
4.1150
4.0731
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/PLN in 1H shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.0318 | 4.0505 | 4.0695 | 4.0731 | 4.0870 | 4.1129 | 4.1384 |
| Change (%) | -1.01% | -0.55% | -0.09% | - | +0.34% | +0.98% | +1.60% |
| Change | -0.0413 | -0.0226 | -0.0036 | - | +0.0139 | +0.0398 | +0.0653 |
| Level | Minor | Minor | Minor | - | Major | Major | 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 | 4.0501 | 4.0641 | 4.0810 | 4.0950 | 4.1119 | 4.1259 | 4.1428 |
| Camarilla | 4.0895 | 4.0923 | 4.0952 | 4.0980 | 4.1008 | 4.1037 | 4.1065 |
| Woodie | 4.0517 | 4.0648 | 4.0826 | 4.0957 | 4.1135 | 4.1266 | 4.1444 |
| Fibonacci | 4.0641 | 4.0759 | 4.0832 | 4.0950 | 4.1068 | 4.1141 | 4.1259 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.9348 | 3.9836 | 4.0408 | 4.0896 | 4.1468 | 4.1956 | 4.2528 |
| Camarilla | 4.0689 | 4.0786 | 4.0883 | 4.0980 | 4.1077 | 4.1174 | 4.1272 |
| Woodie | 3.9390 | 3.9857 | 4.0450 | 4.0917 | 4.1510 | 4.1977 | 4.2570 |
| Fibonacci | 3.9836 | 4.0241 | 4.0491 | 4.0896 | 4.1301 | 4.1551 | 4.1956 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.6854 | 3.7641 | 3.8819 | 3.9606 | 4.0784 | 4.1571 | 4.2749 |
| Camarilla | 3.9457 | 3.9637 | 3.9817 | 3.9997 | 4.0177 | 4.0357 | 4.0537 |
| Woodie | 3.7050 | 3.7739 | 3.9015 | 3.9704 | 4.0980 | 4.1669 | 4.2945 |
| Fibonacci | 3.7641 | 3.8392 | 3.8855 | 3.9606 | 4.0357 | 4.0820 | 4.1571 |
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): | 34.59 | |
| MACD (12,26,9): | -0.0057 | |
| Directional Movement: | -13.2091 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 4.0848 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.1043 | |
| Elder Ray (13): | -0.0143 | |
| Super Trend (3,10): | 4.0997 | |
| Zig ZAG (10): | 4.0738 | |
| VORTEX (21): | 0.8337 | |
| Stochastique (14,3,5): | 3.08 | |
| TEMA (21): | 4.0806 | |
| Williams %R (14): | -93.14 | |
| Chande Momentum Oscillator (20): | -0.0178 | |
| Repulse (5,40,3): | -0.2665 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0068 | |
| Courbe Coppock: | 0.72 |
| MA7: | 4.0874 | |
| MA20: | 4.0397 | |
| MA50: | 3.9498 | |
| MA100: | 3.9311 | |
| MAexp7: | 4.0818 | |
| MAexp20: | 4.0907 | |
| MAexp50: | 4.0954 | |
| MAexp100: | 4.0926 | |
| Price / MA7: | -0.35% | |
| Price / MA20: | +0.83% | |
| Price / MA50: | +3.12% | |
| Price / MA100: | +3.61% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | -0.54% | |
| Price / MAexp100: | -0.48% |
Quotes :
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Real time data
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Forex