AUD/PLN - 1H - Technical analysis published on 04/15/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 2.6439 PLN
My targets
2.6122 PLN (-0.0157)
2.5989 PLN (-0.0290)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on AUD/PLN as long as the price remains well below 2.6439 PLN. The next bearish objective for sellers is set at 2.6122 PLN. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 2.5989 PLN. If there is any crossing, the next objective would be the support located at 2.5657 PLN. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/PLN price is 2.6279 PLN. The price has increased by -0.77% since the last closing and was traded between 2.6204 PLN and 2.6492 PLN over the period. The price is currently at +0.29% from its lowest and -0.80% from its highest.2.6204
2.6492
2.6279
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/PLN:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of AUD/PLN in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 2.5459 | 2.5657 | 2.5989 | 2.6279 | 2.6439 | 2.6696 | 2.7111 |
| Change (%) | -3.12% | -2.37% | -1.10% | - | +0.61% | +1.59% | +3.17% |
| Change | -0.0820 | -0.0622 | -0.0290 | - | +0.0160 | +0.0417 | +0.0832 |
| Level | Intermediate | Minor | Major | - | Intermediate | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 2.6047 | 2.6245 | 2.6364 | 2.6562 | 2.6681 | 2.6879 | 2.6998 |
| Camarilla | 2.6396 | 2.6425 | 2.6454 | 2.6483 | 2.6512 | 2.6541 | 2.6570 |
| Woodie | 2.6008 | 2.6225 | 2.6325 | 2.6542 | 2.6642 | 2.6859 | 2.6959 |
| Fibonacci | 2.6245 | 2.6366 | 2.6441 | 2.6562 | 2.6683 | 2.6758 | 2.6879 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4650 | 2.5024 | 2.5748 | 2.6122 | 2.6846 | 2.7220 | 2.7944 |
| Camarilla | 2.6171 | 2.6272 | 2.6372 | 2.6473 | 2.6574 | 2.6674 | 2.6775 |
| Woodie | 2.4826 | 2.5112 | 2.5924 | 2.6210 | 2.7022 | 2.7308 | 2.8120 |
| Fibonacci | 2.5024 | 2.5443 | 2.5702 | 2.6122 | 2.6541 | 2.6800 | 2.7220 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.0599 | 2.1687 | 2.3543 | 2.4631 | 2.6487 | 2.7575 | 2.9431 |
| Camarilla | 2.4589 | 2.4859 | 2.5129 | 2.5399 | 2.5669 | 2.5939 | 2.6209 |
| Woodie | 2.0983 | 2.1879 | 2.3927 | 2.4823 | 2.6871 | 2.7767 | 2.9815 |
| Fibonacci | 2.1687 | 2.2812 | 2.3506 | 2.4631 | 2.5756 | 2.6450 | 2.7575 |
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): | 49.09 | |
| MACD (12,26,9): | -0.0042 | |
| Directional Movement: | -2.3040 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 2.6254 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.5516 | |
| Elder Ray (13): | 0.0038 | |
| Super Trend (3,10): | 2.5913 | |
| Zig ZAG (10): | 2.6311 | |
| VORTEX (21): | 0.9291 | |
| Stochastique (14,3,5): | 94.42 | |
| TEMA (21): | 2.6260 | |
| Williams %R (14): | -6.99 | |
| Chande Momentum Oscillator (20): | -0.0003 | |
| Repulse (5,40,3): | -0.0411 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0386 | |
| Courbe Coppock: | 0.06 |
| MA7: | 2.6255 | |
| MA20: | 2.5581 | |
| MA50: | 2.5588 | |
| MA100: | 2.5965 | |
| MAexp7: | 2.6296 | |
| MAexp20: | 2.6323 | |
| MAexp50: | 2.6394 | |
| MAexp100: | 2.6350 | |
| Price / MA7: | +0.09% | |
| Price / MA20: | +2.73% | |
| Price / MA50: | +2.70% | |
| Price / MA100: | +1.21% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.44% | |
| Price / MAexp100: | -0.27% |
This member declared not having a position on this financial instrument or a related financial instrument.
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