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CAD/PLN
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 05/20/2024 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 2.8875 PLN
My targets
2.8741 PLN (-0.0053)
2.8416 PLN (-0.0378)
My analysis
The bearish trend is currently very strong for CAD/PLN. As long as the price remains below the resistance at 2.8875 PLN, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.8741 PLN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.8416 PLN as an objective. Crossing it would then enable sellers to target 2.7650 PLN. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.4

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CAD/PLN rating 2.8794 PLN. The price registered a decrease of -0.01% on the session and was between 2.8791 PLN and 2.8801 PLN. This implies that the price is at +0.01% from its lowest and at -0.02% from its highest.

2.8791
2.8801
2.8794

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from 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 decline is moderate given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

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


S3S2S1PriceR1R2R3
ProTrendLines 2.6059 2.7650 2.8741 2.8794 2.8875 2.8964 2.9031
Change (%) -9.50% -3.97% -0.18% - +0.28% +0.59% +0.82%
Change -0.2735 -0.1144 -0.0053 - +0.0081 +0.0170 +0.0237
Level Intermediate Major Intermediate - Minor Major Intermediate



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
Standard2.87482.87692.87822.88032.88162.88372.8850
Camarilla2.87872.87902.87932.87962.87992.88022.8805
Woodie2.87452.87672.87792.88012.88132.88352.8847
Fibonacci2.87692.87822.87902.88032.88162.88242.8837


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.80922.84162.85892.89132.90862.94102.9583
Camarilla2.86242.86702.87152.87612.88072.88522.8898
Woodie2.80162.83782.85132.88752.90102.93722.9507
Fibonacci2.84162.86062.87242.89132.91032.92212.9410


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.79252.83772.89272.93792.99293.03813.0931
Camarilla2.92012.92922.93842.94762.95682.96602.9752
Woodie2.79732.84022.89752.94042.99773.04063.0979
Fibonacci2.83772.87602.89972.93792.97622.99993.0381

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): 46.34
MACD (12,26,9): -0.0005
Directional Movement: -9.7247
AROON (14): -64.2857
DEMA (21): 2.8800
Parabolic SAR (0,02-0,02-0,2): 2.8837
Elder Ray (13): -0.0007
Super Trend (3,10): 2.8874
Zig ZAG (10): 2.8797
VORTEX (21): 0.9053
Stochastique (14,3,5): 32.62
TEMA (21): 2.8797
Williams %R (14): -69.72
Chande Momentum Oscillator (20): -0.0016
Repulse (5,40,3): -0.0637
ROCnROLL: 2
TRIX (15,9): -0.0006
Courbe Coppock: 0.29
MA7: 2.8842
MA20: 2.9182
MA50: 2.9255
MA100: 2.9458
MAexp7: 2.8799
MAexp20: 2.8806
MAexp50: 2.8819
MAexp100: 2.8873
Price / MA7: -0.17%
Price / MA20: -1.33%
Price / MA50: -1.58%
Price / MA100: -2.25%
Price / MAexp7: -0.02%
Price / MAexp20: -0.04%
Price / MAexp50: -0.09%
Price / MAexp100: -0.27%

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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Londinia
Londinia AI

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