CHF/PLN - 1H - Technical analysis published on 04/24/2020 (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
Court terme:
Bearish
De fond:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 4.3170 PLN
My targets
4.3043 PLN (-0.0074)
4.2994 PLN (-0.0123)
My analysis
There is a bearish trend on CHF/PLN both at the basic level and in the short term. A sale could be considered, so long as the price remains below 4.3170 PLN. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 4.3043 PLN. Then the price could move towards 4.2994 PLN. Then 4.2872 PLN by extension. Be careful, a return to above the resistance 4.3170 PLN would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/PLN price is 4.3117 PLN. The price registered an increase of -0.12% on the session and was between 4.2931 PLN and 4.3203 PLN. This implies that the price is at +0.43% from its lowest and at -0.20% from its highest.4.2931
4.3203
4.3117
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/PLN:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on CHF/PLN were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of CHF/PLN indicates that the overall trend is bearish. The signals given by moving averages are at 75% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of triangle 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 | 4.2994 | 4.3043 | 4.3110 | 4.3117 | 4.3170 | 4.3322 | 4.3440 |
| Change (%) | -0.29% | -0.17% | -0.02% | - | +0.12% | +0.48% | +0.75% |
| Change | -0.0123 | -0.0074 | -0.0007 | - | +0.0053 | +0.0205 | +0.0323 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2829 | 4.2969 | 4.3069 | 4.3209 | 4.3309 | 4.3449 | 4.3549 |
| Camarilla | 4.3102 | 4.3124 | 4.3146 | 4.3168 | 4.3190 | 4.3212 | 4.3234 |
| Woodie | 4.2808 | 4.2959 | 4.3048 | 4.3199 | 4.3288 | 4.3439 | 4.3528 |
| Fibonacci | 4.2969 | 4.3061 | 4.3118 | 4.3209 | 4.3301 | 4.3358 | 4.3449 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2175 | 4.2489 | 4.2733 | 4.3047 | 4.3291 | 4.3605 | 4.3849 |
| Camarilla | 4.2824 | 4.2875 | 4.2926 | 4.2977 | 4.3028 | 4.3079 | 4.3131 |
| Woodie | 4.2140 | 4.2472 | 4.2698 | 4.3030 | 4.3256 | 4.3588 | 4.3814 |
| Fibonacci | 4.2489 | 4.2702 | 4.2834 | 4.3047 | 4.3260 | 4.3392 | 4.3605 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.7139 | 3.8656 | 4.0837 | 4.2354 | 4.4535 | 4.6052 | 4.8233 |
| Camarilla | 4.2001 | 4.2340 | 4.2679 | 4.3018 | 4.3357 | 4.3696 | 4.4035 |
| Woodie | 3.7471 | 3.8822 | 4.1169 | 4.2520 | 4.4867 | 4.6218 | 4.8565 |
| Fibonacci | 3.8656 | 4.0069 | 4.0941 | 4.2354 | 4.3767 | 4.4639 | 4.6052 |
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): | 30.31 | |
| MACD (12,26,9): | -0.0042 | |
| Directional Movement: | -18.4225 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 4.3067 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.3163 | |
| Elder Ray (13): | -0.0048 | |
| Super Trend (3,10): | 4.3208 | |
| Zig ZAG (10): | 4.3019 | |
| VORTEX (21): | 0.9047 | |
| Stochastique (14,3,5): | 33.82 | |
| TEMA (21): | 4.3030 | |
| Williams %R (14): | -69.12 | |
| Chande Momentum Oscillator (20): | -0.0155 | |
| Repulse (5,40,3): | -0.1069 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0096 | |
| Courbe Coppock: | 0.52 |
| MA7: | 4.3085 | |
| MA20: | 4.3087 | |
| MA50: | 4.2038 | |
| MA100: | 4.0746 | |
| MAexp7: | 4.3064 | |
| MAexp20: | 4.3114 | |
| MAexp50: | 4.3145 | |
| MAexp100: | 4.3133 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | +0.07% | |
| Price / MA50: | +2.57% | |
| Price / MA100: | +5.82% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.03% |
This member declared not having a position on this financial instrument or a related financial instrument.
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