CAD/PLN - 1H - Technical analysis published on 06/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
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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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.
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:
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:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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:
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 2.9095 | 2.9295 | 2.9403 | 2.9603 | 2.9711 | 2.9911 | 3.0019 |
| Camarilla | 2.9425 | 2.9454 | 2.9482 | 2.9510 | 2.9538 | 2.9567 | 2.9595 |
| Woodie | 2.9048 | 2.9272 | 2.9356 | 2.9580 | 2.9664 | 2.9888 | 2.9972 |
| Fibonacci | 2.9295 | 2.9413 | 2.9486 | 2.9603 | 2.9721 | 2.9794 | 2.9911 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.8484 | 2.8752 | 2.9273 | 2.9541 | 3.0062 | 3.0330 | 3.0851 |
| Camarilla | 2.9576 | 2.9648 | 2.9721 | 2.9793 | 2.9865 | 2.9938 | 3.0010 |
| Woodie | 2.8610 | 2.8815 | 2.9399 | 2.9604 | 3.0188 | 3.0393 | 3.0977 |
| Fibonacci | 2.8752 | 2.9054 | 2.9240 | 2.9541 | 2.9843 | 3.0029 | 3.0330 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.7474 | 2.8036 | 2.8467 | 2.9029 | 2.9460 | 3.0022 | 3.0453 |
| Camarilla | 2.8626 | 2.8717 | 2.8808 | 2.8899 | 2.8990 | 2.9081 | 2.9172 |
| Woodie | 2.7410 | 2.8003 | 2.8403 | 2.8996 | 2.9396 | 2.9989 | 3.0389 |
| Fibonacci | 2.8036 | 2.8415 | 2.8649 | 2.9029 | 2.9408 | 2.9642 | 3.0022 |
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
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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