CAD/PLN - 1H - Technical analysis published on 12/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 2.9136 PLN
My targets
2.8960 PLN (-0.0095)
2.8699 PLN (-0.0356)
My analysis
The bearish trend is currently very strong for CAD/PLN. As long as the price remains below the resistance at 2.9136 PLN, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.8960 PLN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.8699 PLN as an objective. Crossing it would then enable sellers to target 2.8505 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/PLN rating 2.9055 PLN. The price is lower by -0.01% since the last closing and was between 2.9050 PLN and 2.9082 PLN. This implies that the price is at +0.02% from its lowest and at -0.09% from its highest.2.9050
2.9082
2.9055
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
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
A technical analysis in 1H of this CAD/PLN chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.8505 | 2.8699 | 2.8960 | 2.9055 | 2.9136 | 2.9285 | 2.9483 |
| Change (%) | -1.89% | -1.23% | -0.33% | - | +0.28% | +0.79% | +1.47% |
| Change | -0.0550 | -0.0356 | -0.0095 | - | +0.0081 | +0.0230 | +0.0428 |
| Level | Minor | Major | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.8843 | 2.8926 | 2.8992 | 2.9075 | 2.9141 | 2.9224 | 2.9290 |
| Camarilla | 2.9016 | 2.9030 | 2.9043 | 2.9057 | 2.9071 | 2.9084 | 2.9098 |
| Woodie | 2.8834 | 2.8922 | 2.8983 | 2.9071 | 2.9132 | 2.9220 | 2.9281 |
| Fibonacci | 2.8926 | 2.8983 | 2.9018 | 2.9075 | 2.9132 | 2.9167 | 2.9224 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.7999 | 2.8485 | 2.8758 | 2.9244 | 2.9517 | 3.0003 | 3.0276 |
| Camarilla | 2.8823 | 2.8893 | 2.8962 | 2.9032 | 2.9102 | 2.9171 | 2.9241 |
| Woodie | 2.7894 | 2.8432 | 2.8653 | 2.9191 | 2.9412 | 2.9950 | 3.0171 |
| Fibonacci | 2.8485 | 2.8775 | 2.8954 | 2.9244 | 2.9534 | 2.9713 | 3.0003 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.7001 | 2.7792 | 2.8412 | 2.9203 | 2.9823 | 3.0614 | 3.1234 |
| Camarilla | 2.8644 | 2.8773 | 2.8903 | 2.9032 | 2.9161 | 2.9291 | 2.9420 |
| Woodie | 2.6916 | 2.7749 | 2.8327 | 2.9160 | 2.9738 | 3.0571 | 3.1149 |
| Fibonacci | 2.7792 | 2.8331 | 2.8664 | 2.9203 | 2.9742 | 3.0075 | 3.0614 |
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): | 47.79 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | 0.3842 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 2.9065 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.9106 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 2.8997 | |
| Zig ZAG (10): | 2.9066 | |
| VORTEX (21): | 0.9605 | |
| Stochastique (14,3,5): | 42.93 | |
| TEMA (21): | 2.9062 | |
| Williams %R (14): | -57.48 | |
| Chande Momentum Oscillator (20): | -0.0049 | |
| Repulse (5,40,3): | 0.0314 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0017 | |
| Courbe Coppock: | 0.20 |
| MA7: | 2.9118 | |
| MA20: | 2.9217 | |
| MA50: | 2.8937 | |
| MA100: | 2.8723 | |
| MAexp7: | 2.9066 | |
| MAexp20: | 2.9071 | |
| MAexp50: | 2.9084 | |
| MAexp100: | 2.9125 | |
| Price / MA7: | -0.22% | |
| Price / MA20: | -0.55% | |
| Price / MA50: | +0.41% | |
| Price / MA100: | +1.16% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.24% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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