CHF/PLN - 1H - Technical analysis published on 08/28/2020 (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:
Strongly bearish
De fond:
Bearish
Technical indicators
28%
67%
6%
My opinion
Bearish under 4.1063 PLN
My targets
4.0827 PLN (-0.0084)
4.0727 PLN (-0.0184)
My analysis
CHF/PLN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4.1063 PLN. The next support located at 4.0827 PLN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 4.0727 PLN. Below this support, sellers could then target 4.0581 PLN.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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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 4.0911 PLN. On the day, this instrument lost -0.33% and was between 4.0786 PLN and 4.1079 PLN. This implies that the price is at +0.31% from its lowest and at -0.41% from its highest.4.0786
4.1079
4.0911
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/PLN indicates that the overall trend is bearish. 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.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 1 are neutral and 12 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
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 | 4.0581 | 4.0727 | 4.0827 | 4.0911 | 4.1063 | 4.1213 | 4.2112 |
| Change (%) | -0.81% | -0.45% | -0.21% | - | +0.37% | +0.74% | +2.94% |
| Change | -0.0330 | -0.0184 | -0.0084 | - | +0.0152 | +0.0302 | +0.1201 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.0594 | 4.0744 | 4.0894 | 4.1044 | 4.1194 | 4.1344 | 4.1494 |
| Camarilla | 4.0963 | 4.0990 | 4.1018 | 4.1045 | 4.1073 | 4.1100 | 4.1128 |
| Woodie | 4.0595 | 4.0744 | 4.0895 | 4.1044 | 4.1195 | 4.1344 | 4.1495 |
| Fibonacci | 4.0744 | 4.0858 | 4.0929 | 4.1044 | 4.1158 | 4.1229 | 4.1344 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.9990 | 4.0218 | 4.0638 | 4.0866 | 4.1286 | 4.1514 | 4.1934 |
| Camarilla | 4.0879 | 4.0938 | 4.0998 | 4.1057 | 4.1116 | 4.1176 | 4.1235 |
| Woodie | 4.0085 | 4.0266 | 4.0733 | 4.0914 | 4.1381 | 4.1562 | 4.2029 |
| Fibonacci | 4.0218 | 4.0466 | 4.0619 | 4.0866 | 4.1114 | 4.1267 | 4.1514 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.8605 | 3.9577 | 4.0296 | 4.1268 | 4.1987 | 4.2959 | 4.3678 |
| Camarilla | 4.0551 | 4.0706 | 4.0861 | 4.1016 | 4.1171 | 4.1326 | 4.1481 |
| Woodie | 3.8480 | 3.9514 | 4.0171 | 4.1205 | 4.1862 | 4.2896 | 4.3553 |
| Fibonacci | 3.9577 | 4.0223 | 4.0622 | 4.1268 | 4.1914 | 4.2313 | 4.2959 |
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): | 26.24 | |
| MACD (12,26,9): | -0.0046 | |
| Directional Movement: | -12.4571 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 4.0907 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.1027 | |
| Elder Ray (13): | -0.0108 | |
| Super Trend (3,10): | 4.1005 | |
| Zig ZAG (10): | 4.0811 | |
| VORTEX (21): | 0.7153 | |
| Stochastique (14,3,5): | 7.28 | |
| TEMA (21): | 4.0854 | |
| Williams %R (14): | -92.49 | |
| Chande Momentum Oscillator (20): | -0.0242 | |
| Repulse (5,40,3): | -0.2619 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0109 | |
| Courbe Coppock: | 0.78 |
| MA7: | 4.0927 | |
| MA20: | 4.0879 | |
| MA50: | 4.1303 | |
| MA100: | 4.1864 | |
| MAexp7: | 4.0890 | |
| MAexp20: | 4.0981 | |
| MAexp50: | 4.1008 | |
| MAexp100: | 4.0979 | |
| Price / MA7: | -0.04% | |
| Price / MA20: | +0.08% | |
| Price / MA50: | -0.95% | |
| Price / MA100: | -2.28% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | -0.17% |
Quotes :
2020-08-28 12:53:06
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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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