CAD/PLN

- PLN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CADPLN
ISIN:

CAD/PLN - 1H - Technical analysis published on 05/10/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 2.9121 PLN

My targets

2.8971 PLN (-0.0094)

2.8958 PLN (-0.0107)

My analysis

CAD/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 2.9121 PLN. The next support located at 2.8971 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 2.8958 PLN. Below this support, sellers could then target 2.7650 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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.3

Comment on the analysis

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

The CAD/PLN rating is 2.9065 PLN. The price registered an increase of +0.00% on the session with the lowest point at 2.9057 PLN and the highest point at 2.9069 PLN. The deviation from the price is +0.03% for the low point and -0.01% for the high point.

2.9057

2.9069

2.9065

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 CAD/PLN in 1H shows a overall strongly bearish trend. 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 does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a bearish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.6059	2.7650	2.8971	2.9065	2.9121	2.9262	2.9349
Change (%)	-10.34%	-4.87%	-0.32%	-	+0.19%	+0.68%	+0.98%
Change	-0.3006	-0.1415	-0.0094	-	+0.0056	+0.0197	+0.0284
Level	Intermediate	Major	Major	-	Intermediate	Minor	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	2.8823	2.8927	2.8995	2.9099	2.9167	2.9271	2.9339
Camarilla	2.9017	2.9033	2.9048	2.9064	2.9080	2.9096	2.9111
Woodie	2.8806	2.8918	2.8978	2.9090	2.9150	2.9262	2.9322
Fibonacci	2.8927	2.8992	2.9033	2.9099	2.9164	2.9205	2.9271

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.8958	2.9141	2.9265	2.9448	2.9572	2.9755	2.9879
Camarilla	2.9305	2.9333	2.9361	2.9389	2.9417	2.9445	2.9473
Woodie	2.8929	2.9126	2.9236	2.9433	2.9543	2.9740	2.9850
Fibonacci	2.9141	2.9258	2.9331	2.9448	2.9565	2.9638	2.9755

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.7925	2.8377	2.8927	2.9379	2.9929	3.0381	3.0931
Camarilla	2.9201	2.9292	2.9384	2.9476	2.9568	2.9660	2.9752
Woodie	2.7973	2.8402	2.8975	2.9404	2.9977	3.0406	3.0979
Fibonacci	2.8377	2.8760	2.8997	2.9379	2.9762	2.9999	3.0381

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):	34.42
MACD (12,26,9):	-0.0026
Directional Movement:	-15.3181
AROON (14):	-28.5714
DEMA (21):	2.9061
Parabolic SAR (0,02-0,02-0,2):	2.9118
Elder Ray (13):	-0.0017
Super Trend (3,10):	2.9140
Zig ZAG (10):	2.9063
VORTEX (21):	0.8690
Stochastique (14,3,5):	23.21
TEMA (21):	2.9055
Williams %R (14):	-76.69
Chande Momentum Oscillator (20):	-0.0033
Repulse (5,40,3):	-0.0477
ROCnROLL:	2
TRIX (15,9):	-0.0122
Courbe Coppock:	0.53

MA7:	2.9239
MA20:	2.9417
MA50:	2.9299
MA100:	2.9514
MAexp7:	2.9068
MAexp20:	2.9095
MAexp50:	2.9142
MAexp100:	2.9209
Price / MA7:	-0.60%
Price / MA20:	-1.20%
Price / MA50:	-0.80%
Price / MA100:	-1.52%
Price / MAexp7:	-0.01%
Price / MAexp20:	-0.10%
Price / MAexp50:	-0.26%
Price / MAexp100:	-0.49%

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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