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 06/18/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Neutral
Technical indicators
22%
50%
28%
My opinion
Bearish under 2.9650 PLN
My targets
2.9412 PLN (-0.0095)
2.9109 PLN (-0.0398)
My analysis
The strong short-term decrease of CAD/PLN should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 2.9650 PLN, a sale could be considered. The first bearish objective is located at 2.9412 PLN. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 2.9109 PLN. If there is any crossing, the next objective would be support 2.8931 PLN. Caution, if there is a return to above 2.9650 PLN, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2

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

Additional analysis

Quotes

The CAD/PLN price is 2.9507 PLN. The price registered a decrease of -0.01% on the session and was between 2.9501 PLN and 2.9523 PLN. This implies that the price is at +0.02% from its lowest and at -0.05% from its highest.

2.9501
2.9523
2.9507

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

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

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CAD/PLN chart shows a neutral trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being 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.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

Central Patterns

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.8931 2.9109 2.9412 2.9507 2.9650 2.9753 3.0238
Change (%) -1.95% -1.35% -0.32% - +0.48% +0.83% +2.48%
Change -0.0576 -0.0398 -0.0095 - +0.0143 +0.0246 +0.0731
Level Major Intermediate Intermediate - Minor Intermediate Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.90952.92952.94032.96032.97112.99113.0019
Camarilla2.94252.94542.94822.95102.95382.95672.9595
Woodie2.90482.92722.93562.95802.96642.98882.9972
Fibonacci2.92952.94132.94862.96032.97212.97942.9911


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.84842.87522.92732.95413.00623.03303.0851
Camarilla2.95762.96482.97212.97932.98652.99383.0010
Woodie2.86102.88152.93992.96043.01883.03933.0977
Fibonacci2.87522.90542.92402.95412.98433.00293.0330


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.74742.80362.84672.90292.94603.00223.0453
Camarilla2.86262.87172.88082.88992.89902.90812.9172
Woodie2.74102.80032.84032.89962.93962.99893.0389
Fibonacci2.80362.84152.86492.90292.94082.96423.0022

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): 32.74
MACD (12,26,9): -0.0040
Directional Movement: -17.5438
AROON (14): -28.5714
DEMA (21): 2.9500
Parabolic SAR (0,02-0,02-0,2): 2.9522
Elder Ray (13): -0.0019
Super Trend (3,10): 2.9588
Zig ZAG (10): 2.9508
VORTEX (21): 0.7555
Stochastique (14,3,5): 14.07
TEMA (21): 2.9464
Williams %R (14): -81.16
Chande Momentum Oscillator (20): -0.0016
Repulse (5,40,3): -0.0192
ROCnROLL: 2
TRIX (15,9): -0.0222
Courbe Coppock: 0.56
MA7: 2.9437
MA20: 2.9037
MA50: 2.9167
MA100: 2.9302
MAexp7: 2.9513
MAexp20: 2.9551
MAexp50: 2.9568
MAexp100: 2.9489
Price / MA7: +0.24%
Price / MA20: +1.62%
Price / MA50: +1.17%
Price / MA100: +0.70%
Price / MAexp7: -0.03%
Price / MAexp20: -0.16%
Price / MAexp50: -0.22%
Price / MAexp100: +0.05%

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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