CAD/PLN - Daily - Technical analysis published on 01/20/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 3.3004 PLN
My targets
3.1987 PLN (-0.0384)
3.1047 PLN (-0.1324)
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 3.3004 PLN. The next bearish objective for sellers is set at 3.1987 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.1047 PLN. If there is any crossing, the next objective would be the support located at 3.0148 PLN. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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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 CAD/PLN price is 3.2371 PLN. On the day, this instrument gained +0.00% and was between 3.2345 PLN and 3.2392 PLN. This implies that the price is at +0.08% from its lowest and at -0.06% from its highest.3.2345
3.2392
3.2371
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
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 this Daily chart of CAD/PLN indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down 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.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
Bullish harami cross
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.9156 | 3.0148 | 3.1987 | 3.2371 | 3.3004 | 3.3407 | 3.4573 |
| Change (%) | -9.93% | -6.87% | -1.19% | - | +1.96% | +3.20% | +6.80% |
| Change | -0.3215 | -0.2223 | -0.0384 | - | +0.0633 | +0.1036 | +0.2202 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Major |
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 | 3.1696 | 3.1922 | 3.2147 | 3.2373 | 3.2598 | 3.2824 | 3.3049 |
| Camarilla | 3.2247 | 3.2288 | 3.2330 | 3.2371 | 3.2412 | 3.2454 | 3.2495 |
| Woodie | 3.1695 | 3.1922 | 3.2146 | 3.2373 | 3.2597 | 3.2824 | 3.3048 |
| Fibonacci | 3.1922 | 3.2095 | 3.2201 | 3.2373 | 3.2546 | 3.2652 | 3.2824 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.1410 | 3.1827 | 3.2072 | 3.2489 | 3.2734 | 3.3151 | 3.3396 |
| Camarilla | 3.2136 | 3.2197 | 3.2257 | 3.2318 | 3.2379 | 3.2439 | 3.2500 |
| Woodie | 3.1325 | 3.1784 | 3.1987 | 3.2446 | 3.2649 | 3.3108 | 3.3311 |
| Fibonacci | 3.1827 | 3.2080 | 3.2236 | 3.2489 | 3.2742 | 3.2898 | 3.3151 |
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): | 42.42 | |
| MACD (12,26,9): | -0.0121 | |
| Directional Movement: | -3.9155 | |
| AROON (14): | 21.4285 | |
| DEMA (21): | 3.2285 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.2792 | |
| Elder Ray (13): | -0.0068 | |
| Super Trend (3,10): | 3.2961 | |
| Zig ZAG (10): | 3.2376 | |
| VORTEX (21): | 1.0534 | |
| Stochastique (14,3,5): | 28.98 | |
| TEMA (21): | 3.2456 | |
| Williams %R (14): | -73.56 | |
| Chande Momentum Oscillator (20): | -0.0258 | |
| Repulse (5,40,3): | -0.0711 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0635 | |
| Courbe Coppock: | 0.03 |
| MA7: | 3.2385 | |
| MA20: | 3.2451 | |
| MA50: | 3.2863 | |
| MA100: | 3.4221 | |
| MAexp7: | 3.2413 | |
| MAexp20: | 3.2482 | |
| MAexp50: | 3.2987 | |
| MAexp100: | 3.3687 | |
| Price / MA7: | -0.04% | |
| Price / MA20: | -0.25% | |
| Price / MA50: | -1.50% | |
| Price / MA100: | -5.41% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.34% | |
| Price / MAexp50: | -1.87% | |
| Price / MAexp100: | -3.91% |
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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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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