CAD/PLN - 1H - Technical analysis published on 08/14/2023 (GMT)
- 126
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 3.0238 PLN
My targets
3.0043 PLN (-0.0087)
2.9910 PLN (-0.0220)
My analysis
There is a bearish trend on CAD/PLN both at the basic level and in the short term. A sale could be considered, so long as the price remains below 3.0238 PLN. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 3.0043 PLN. Then the price could move towards 2.9910 PLN. Then 2.9037 PLN by extension. Be careful, a return to above the resistance 3.0238 PLN would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/PLN rating 3.0130 PLN. The price registered an increase of +0.00% on the session and was traded between 3.0092 PLN and 3.0169 PLN over the period. The price is currently at +0.13% from its lowest and -0.13% from its highest.3.0092
3.0169
3.0130
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/PLN:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/PLN chart shows a bearish trend. 78.57% 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. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of 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 | 2.9037 | 2.9910 | 3.0043 | 3.0130 | 3.0156 | 3.0238 | 3.0367 |
| Change (%) | -3.63% | -0.73% | -0.29% | - | +0.09% | +0.36% | +0.79% |
| Change | -0.1093 | -0.0220 | -0.0087 | - | +0.0026 | +0.0108 | +0.0237 |
| Level | Minor | Minor | Intermediate | - | Minor | Major | Major |
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 | 2.9723 | 2.9816 | 2.9974 | 3.0067 | 3.0225 | 3.0318 | 3.0476 |
| Camarilla | 3.0062 | 3.0085 | 3.0108 | 3.0131 | 3.0154 | 3.0177 | 3.0200 |
| Woodie | 2.9755 | 2.9832 | 3.0006 | 3.0083 | 3.0257 | 3.0334 | 3.0508 |
| Fibonacci | 2.9816 | 2.9912 | 2.9972 | 3.0067 | 3.0163 | 3.0223 | 3.0318 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.9445 | 2.9678 | 2.9904 | 3.0137 | 3.0363 | 3.0596 | 3.0822 |
| Camarilla | 3.0005 | 3.0047 | 3.0089 | 3.0131 | 3.0173 | 3.0215 | 3.0257 |
| Woodie | 2.9443 | 2.9676 | 2.9902 | 3.0135 | 3.0361 | 3.0594 | 3.0820 |
| Fibonacci | 2.9678 | 2.9853 | 2.9961 | 3.0137 | 3.0312 | 3.0420 | 3.0596 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.8504 | 2.9163 | 2.9761 | 3.0420 | 3.1018 | 3.1677 | 3.2275 |
| Camarilla | 3.0014 | 3.0130 | 3.0245 | 3.0360 | 3.0475 | 3.0591 | 3.0706 |
| Woodie | 2.8475 | 2.9148 | 2.9732 | 3.0405 | 3.0989 | 3.1662 | 3.2246 |
| Fibonacci | 2.9163 | 2.9643 | 2.9940 | 3.0420 | 3.0900 | 3.1197 | 3.1677 |
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): | 48.64 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | -8.6388 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 3.0136 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.0056 | |
| Elder Ray (13): | -0.0020 | |
| Super Trend (3,10): | 3.0199 | |
| Zig ZAG (10): | 3.0132 | |
| VORTEX (21): | 1.0874 | |
| Stochastique (14,3,5): | 68.07 | |
| TEMA (21): | 3.0151 | |
| Williams %R (14): | -41.05 | |
| Chande Momentum Oscillator (20): | -0.0002 | |
| Repulse (5,40,3): | 0.0459 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0007 | |
| Courbe Coppock: | 0.25 |
| MA7: | 3.0165 | |
| MA20: | 3.0288 | |
| MA50: | 3.0564 | |
| MA100: | 3.0867 | |
| MAexp7: | 3.0141 | |
| MAexp20: | 3.0135 | |
| MAexp50: | 3.0151 | |
| MAexp100: | 3.0182 | |
| Price / MA7: | -0.12% | |
| Price / MA20: | -0.52% | |
| Price / MA50: | -1.42% | |
| Price / MA100: | -2.39% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.17% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis CAD/PLN - 1H