CAD/PLN - 1H - Technical analysis published on 09/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
33%
56%
11%
My opinion
Bearish under 2.8621 PLN
My targets
2.8566 PLN (-0.0011)
2.8348 PLN (-0.0229)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/PLN as long as the price remains well below 2.8621 PLN. The sellers' bearish objective is set at 2.8566 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.8348 PLN. In case of crossing, the next objective would be the support located at 2.8293 PLN.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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Additional analysis
Quotes
The CAD/PLN rating is 2.8577 PLN. The price registered a decrease of -0.02% on the session and was between 2.8545 PLN and 2.8612 PLN. This implies that the price is at +0.11% from its lowest and at -0.12% from its highest.2.8545
2.8612
2.8577
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
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 supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 6 are bullish, 2 are neutral and 10 are 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 these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.8293 | 2.8348 | 2.8557 | 2.8577 | 2.8621 | 2.8692 | 2.8800 |
| Change (%) | -0.99% | -0.80% | -0.07% | - | +0.15% | +0.40% | +0.78% |
| Change | -0.0284 | -0.0229 | -0.0020 | - | +0.0044 | +0.0115 | +0.0223 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Intermediate |
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 | 2.8247 | 2.8401 | 2.8492 | 2.8646 | 2.8737 | 2.8891 | 2.8982 |
| Camarilla | 2.8516 | 2.8538 | 2.8561 | 2.8583 | 2.8606 | 2.8628 | 2.8650 |
| Woodie | 2.8216 | 2.8385 | 2.8461 | 2.8630 | 2.8706 | 2.8875 | 2.8951 |
| Fibonacci | 2.8401 | 2.8495 | 2.8552 | 2.8646 | 2.8740 | 2.8797 | 2.8891 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.7777 | 2.7991 | 2.8352 | 2.8566 | 2.8927 | 2.9141 | 2.9502 |
| Camarilla | 2.8555 | 2.8608 | 2.8660 | 2.8713 | 2.8766 | 2.8818 | 2.8871 |
| Woodie | 2.7851 | 2.8028 | 2.8426 | 2.8603 | 2.9001 | 2.9178 | 2.9576 |
| Fibonacci | 2.7991 | 2.8211 | 2.8346 | 2.8566 | 2.8786 | 2.8921 | 2.9141 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.7576 | 2.7878 | 2.8295 | 2.8597 | 2.9014 | 2.9316 | 2.9733 |
| Camarilla | 2.8515 | 2.8581 | 2.8647 | 2.8713 | 2.8779 | 2.8845 | 2.8911 |
| Woodie | 2.7635 | 2.7907 | 2.8354 | 2.8626 | 2.9073 | 2.9345 | 2.9792 |
| Fibonacci | 2.7878 | 2.8152 | 2.8322 | 2.8597 | 2.8871 | 2.9041 | 2.9316 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 34.09 | |
| MACD (12,26,9): | -0.0029 | |
| Directional Movement: | -12.4241 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 2.8556 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.8611 | |
| Elder Ray (13): | -0.0025 | |
| Super Trend (3,10): | 2.8640 | |
| Zig ZAG (10): | 2.8568 | |
| VORTEX (21): | 0.8140 | |
| Stochastique (14,3,5): | 20.97 | |
| TEMA (21): | 2.8550 | |
| Williams %R (14): | -61.19 | |
| Chande Momentum Oscillator (20): | -0.0015 | |
| Repulse (5,40,3): | 0.0222 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0152 | |
| Courbe Coppock: | 0.27 |
| MA7: | 2.8593 | |
| MA20: | 2.8501 | |
| MA50: | 2.8693 | |
| MA100: | 2.8936 | |
| MAexp7: | 2.8573 | |
| MAexp20: | 2.8595 | |
| MAexp50: | 2.8630 | |
| MAexp100: | 2.8614 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | +0.27% | |
| Price / MA50: | -0.40% | |
| Price / MA100: | -1.24% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.13% |
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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