CHF/PLN - 1H - Technical analysis published on 02/26/2024 (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:
Neutral
Underlying:
Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 4.5473 PLN
My targets
4.5113 PLN (-0.0085)
4.4759 PLN (-0.0439)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CHF/PLN. As long as you are under the resistance located at 4.5473 PLN, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 4.5113 PLN would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 4.4759 PLN as an objective. Crossing it would then enable sellers to target 4.3481 PLN. If the resistance 4.5473 PLN were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be 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
3.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/PLN rating is 4.5198 PLN. The price has increased by +0.58% since the last closing and was between 4.5114 PLN and 4.5356 PLN. This implies that the price is at +0.19% from its lowest and at -0.35% from its highest.4.5114
4.5356
4.5198
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
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 (1 year)
Type : Bearish
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
Technical analysis of this 1H chart of CHF/PLN indicates that the overall trend is bearish. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
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 | 4.3481 | 4.4759 | 4.5113 | 4.5198 | 4.5240 | 4.5473 | 4.5652 |
| Change (%) | -3.80% | -0.97% | -0.19% | - | +0.09% | +0.61% | +1.00% |
| Change | -0.1717 | -0.0439 | -0.0085 | - | +0.0042 | +0.0275 | +0.0454 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | Minor |
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 | 4.4226 | 4.4582 | 4.4761 | 4.5117 | 4.5296 | 4.5652 | 4.5831 |
| Camarilla | 4.4792 | 4.4841 | 4.4890 | 4.4939 | 4.4988 | 4.5037 | 4.5086 |
| Woodie | 4.4137 | 4.4538 | 4.4672 | 4.5073 | 4.5207 | 4.5608 | 4.5742 |
| Fibonacci | 4.4582 | 4.4787 | 4.4913 | 4.5117 | 4.5322 | 4.5448 | 4.5652 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3840 | 4.4390 | 4.4664 | 4.5214 | 4.5488 | 4.6038 | 4.6312 |
| Camarilla | 4.4712 | 4.4788 | 4.4864 | 4.4939 | 4.5015 | 4.5090 | 4.5166 |
| Woodie | 4.3703 | 4.4321 | 4.4527 | 4.5145 | 4.5351 | 4.5969 | 4.6175 |
| Fibonacci | 4.4390 | 4.4704 | 4.4899 | 4.5214 | 4.5528 | 4.5723 | 4.6038 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4783 | 4.5347 | 4.5908 | 4.6472 | 4.7033 | 4.7597 | 4.8158 |
| Camarilla | 4.6160 | 4.6263 | 4.6366 | 4.6469 | 4.6572 | 4.6675 | 4.6778 |
| Woodie | 4.4782 | 4.5346 | 4.5907 | 4.6471 | 4.7032 | 4.7596 | 4.8157 |
| Fibonacci | 4.5347 | 4.5777 | 4.6042 | 4.6472 | 4.6902 | 4.7167 | 4.7597 |
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): | 44.70 | |
| MACD (12,26,9): | -0.0031 | |
| Directional Movement: | -10.6518 | |
| AROON (14): | 21.4285 | |
| DEMA (21): | 4.5153 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5356 | |
| Elder Ray (13): | -0.0033 | |
| Super Trend (3,10): | 4.5290 | |
| Zig ZAG (10): | 4.5171 | |
| VORTEX (21): | 0.7577 | |
| Stochastique (14,3,5): | 56.35 | |
| TEMA (21): | 4.5155 | |
| Williams %R (14): | -44.12 | |
| Chande Momentum Oscillator (20): | -0.0094 | |
| Repulse (5,40,3): | 0.0623 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0127 | |
| Courbe Coppock: | 0.03 |
| MA7: | 4.5337 | |
| MA20: | 4.5824 | |
| MA50: | 4.6182 | |
| MA100: | 4.6181 | |
| MAexp7: | 4.5179 | |
| MAexp20: | 4.5198 | |
| MAexp50: | 4.5260 | |
| MAexp100: | 4.5338 | |
| Price / MA7: | -0.31% | |
| Price / MA20: | -1.37% | |
| Price / MA50: | -2.13% | |
| Price / MA100: | -2.13% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.31% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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