CAD/PLN - 1H - Technical analysis published on 01/12/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 3.2533 PLN
My targets
3.2316 PLN (-0.0098)
3.2239 PLN (-0.0175)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/PLN as long as the price remains well below 3.2533 PLN. The sellers' bearish objective is set at 3.2316 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.2239 PLN. In case of crossing, the next objective would be the support located at 3.2148 PLN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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.
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Additional analysis
Quotes
The CAD/PLN price is 3.2414 PLN. On the day, this instrument lost -0.02% and was between 3.2371 PLN and 3.2561 PLN. This implies that the price is at +0.13% from its lowest and at -0.45% from its highest.3.2371
3.2561
3.2414
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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 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 this 1H chart of CAD/PLN indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 7 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
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 | 3.2148 | 3.2239 | 3.2316 | 3.2414 | 3.2421 | 3.2533 | 3.2704 |
| Change (%) | -0.82% | -0.54% | -0.30% | - | +0.02% | +0.37% | +0.89% |
| Change | -0.0266 | -0.0175 | -0.0098 | - | +0.0007 | +0.0119 | +0.0290 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.2064 | 3.2192 | 3.2306 | 3.2434 | 3.2548 | 3.2676 | 3.2790 |
| Camarilla | 3.2354 | 3.2376 | 3.2398 | 3.2420 | 3.2442 | 3.2464 | 3.2487 |
| Woodie | 3.2057 | 3.2189 | 3.2299 | 3.2431 | 3.2541 | 3.2673 | 3.2783 |
| Fibonacci | 3.2192 | 3.2284 | 3.2342 | 3.2434 | 3.2526 | 3.2584 | 3.2676 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.1424 | 3.1786 | 3.2290 | 3.2652 | 3.3156 | 3.3518 | 3.4022 |
| Camarilla | 3.2556 | 3.2635 | 3.2715 | 3.2794 | 3.2873 | 3.2953 | 3.3032 |
| Woodie | 3.1495 | 3.1822 | 3.2361 | 3.2688 | 3.3227 | 3.3554 | 3.4093 |
| Fibonacci | 3.1786 | 3.2117 | 3.2321 | 3.2652 | 3.2983 | 3.3187 | 3.3518 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.0074 | 3.1047 | 3.1672 | 3.2645 | 3.3270 | 3.4243 | 3.4868 |
| Camarilla | 3.1859 | 3.2005 | 3.2152 | 3.2298 | 3.2445 | 3.2591 | 3.2738 |
| Woodie | 2.9901 | 3.0960 | 3.1499 | 3.2558 | 3.3097 | 3.4156 | 3.4695 |
| Fibonacci | 3.1047 | 3.1657 | 3.2034 | 3.2645 | 3.3255 | 3.3632 | 3.4243 |
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): | 48.26 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -2.8291 | |
| AROON (14): | 0 | |
| DEMA (21): | 3.2447 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.2541 | |
| Elder Ray (13): | 0.0012 | |
| Super Trend (3,10): | 3.2537 | |
| Zig ZAG (10): | 3.2453 | |
| VORTEX (21): | 0.9698 | |
| Stochastique (14,3,5): | 61.24 | |
| TEMA (21): | 3.2468 | |
| Williams %R (14): | -66.48 | |
| Chande Momentum Oscillator (20): | 0.0006 | |
| Repulse (5,40,3): | -0.2018 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0064 | |
| Courbe Coppock: | 0.12 |
| MA7: | 3.2606 | |
| MA20: | 3.2415 | |
| MA50: | 3.3130 | |
| MA100: | 3.4447 | |
| MAexp7: | 3.2462 | |
| MAexp20: | 3.2460 | |
| MAexp50: | 3.2501 | |
| MAexp100: | 3.2550 | |
| Price / MA7: | -0.59% | |
| Price / MA20: | +0.00% | |
| Price / MA50: | -2.16% | |
| Price / MA100: | -5.90% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.27% | |
| Price / MAexp100: | -0.42% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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