CHF/PLN - 1H - Technical analysis published on 05/04/2021 (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:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 4.1487 PLN
My targets
4.1256 PLN (-0.0045)
4.1163 PLN (-0.0138)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/PLN as long as the price remains well below 4.1487 PLN. The sellers” bearish objective is set at 4.1256 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.1163 PLN. In case of crossing, the next objective would be the support located at 4.1123 PLN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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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
CHF/PLN rating 4.1301 PLN. The price is lower by -0.05% since the last closing with the lowest point at 4.1264 PLN and the highest point at 4.1347 PLN. The deviation from the price is +0.09% for the low point and -0.11% for the high point.4.1264
4.1347
4.1301
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:
Technical
A technical analysis in 1H of this CHF/PLN chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
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 several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 4.1123 | 4.1163 | 4.1256 | 4.1301 | 4.1324 | 4.1487 | 4.1603 |
| Change (%) | -0.43% | -0.33% | -0.11% | - | +0.06% | +0.45% | +0.73% |
| Change | -0.0178 | -0.0138 | -0.0045 | - | +0.0023 | +0.0186 | +0.0302 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major | 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 | 4.0887 | 4.1072 | 4.1196 | 4.1381 | 4.1505 | 4.1690 | 4.1814 |
| Camarilla | 4.1235 | 4.1263 | 4.1292 | 4.1320 | 4.1348 | 4.1377 | 4.1405 |
| Woodie | 4.0857 | 4.1057 | 4.1166 | 4.1366 | 4.1475 | 4.1675 | 4.1784 |
| Fibonacci | 4.1072 | 4.1190 | 4.1263 | 4.1381 | 4.1499 | 4.1572 | 4.1690 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.0759 | 4.0941 | 4.1241 | 4.1423 | 4.1723 | 4.1905 | 4.2205 |
| Camarilla | 4.1409 | 4.1453 | 4.1497 | 4.1541 | 4.1585 | 4.1629 | 4.1674 |
| Woodie | 4.0818 | 4.0971 | 4.1300 | 4.1453 | 4.1782 | 4.1935 | 4.2264 |
| Fibonacci | 4.0941 | 4.1125 | 4.1239 | 4.1423 | 4.1607 | 4.1721 | 4.1905 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.0360 | 4.0722 | 4.1131 | 4.1493 | 4.1902 | 4.2264 | 4.2673 |
| Camarilla | 4.1329 | 4.1400 | 4.1470 | 4.1541 | 4.1612 | 4.1682 | 4.1753 |
| Woodie | 4.0385 | 4.0734 | 4.1156 | 4.1505 | 4.1927 | 4.2276 | 4.2698 |
| Fibonacci | 4.0722 | 4.1016 | 4.1198 | 4.1493 | 4.1787 | 4.1969 | 4.2264 |
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): | 36.79 | |
| MACD (12,26,9): | -0.0039 | |
| Directional Movement: | -4.9366 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 4.1290 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.1371 | |
| Elder Ray (13): | -0.0036 | |
| Super Trend (3,10): | 4.1456 | |
| Zig ZAG (10): | 4.1284 | |
| VORTEX (21): | 0.9173 | |
| Stochastique (14,3,5): | 11.88 | |
| TEMA (21): | 4.1276 | |
| Williams %R (14): | -94.18 | |
| Chande Momentum Oscillator (20): | -0.0029 | |
| Repulse (5,40,3): | -0.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0140 | |
| Courbe Coppock: | 0.24 |
| MA7: | 4.1385 | |
| MA20: | 4.1328 | |
| MA50: | 4.1429 | |
| MA100: | 4.1563 | |
| MAexp7: | 4.1298 | |
| MAexp20: | 4.1341 | |
| MAexp50: | 4.1394 | |
| MAexp100: | 4.1407 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | -0.07% | |
| Price / MA50: | -0.31% | |
| Price / MA100: | -0.63% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.26% |
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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