CHF/PLN - 1H - Technical analysis published on 11/19/2019 (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
44%
22%
33%
My opinion
Bearish under 3.9197 PLN
My targets
3.9039 PLN (-0.17%)
3.8840 PLN (-0.68%)
My analysis
All elements being rather 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 3.9197 PLN. The next bearish objective for sellers is set at 3.9039 PLN. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 3.8840 PLN. If there is any crossing, the next objective would be the support located at 3.8608 PLN. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
3.6
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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
CHF/PLN rating 3.9107 PLN. On the day, this instrument lost -0.19% with the lowest point at 3.9034 PLN and the highest point at 3.9202 PLN. The deviation from the price is +0.19% for the low point and -0.24% for the high point.3.9034
3.9202
3.9107
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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
Technical analysis of this 1H chart of CHF/PLN indicates that the overall trend is bearish. The signals given by moving averages are at 78.57% 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 bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 6 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 3.8608 | 3.8840 | 3.9039 | 3.9107 | 3.9197 | 3.9264 | 3.9408 |
| Change (%) | -1.28% | -0.68% | -0.17% | - | +0.23% | +0.40% | +0.77% |
| Change | -0.0499 | -0.0267 | -0.0068 | - | +0.0090 | +0.0157 | +0.0301 |
| Level | Major | Minor | Major | - | Minor | 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 | 3.9017 | 3.9083 | 3.9132 | 3.9198 | 3.9247 | 3.9313 | 3.9362 |
| Camarilla | 3.9149 | 3.9160 | 3.9171 | 3.9181 | 3.9192 | 3.9202 | 3.9213 |
| Woodie | 3.9009 | 3.9079 | 3.9124 | 3.9194 | 3.9239 | 3.9309 | 3.9354 |
| Fibonacci | 3.9083 | 3.9127 | 3.9154 | 3.9198 | 3.9242 | 3.9269 | 3.9313 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.7969 | 3.8369 | 3.8728 | 3.9128 | 3.9487 | 3.9887 | 4.0246 |
| Camarilla | 3.8879 | 3.8949 | 3.9018 | 3.9088 | 3.9158 | 3.9227 | 3.9297 |
| Woodie | 3.7950 | 3.8359 | 3.8709 | 3.9118 | 3.9468 | 3.9877 | 4.0227 |
| Fibonacci | 3.8369 | 3.8659 | 3.8838 | 3.9128 | 3.9418 | 3.9597 | 3.9887 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.6277 | 3.7428 | 3.8084 | 3.9235 | 3.9891 | 4.1042 | 4.1698 |
| Camarilla | 3.8243 | 3.8409 | 3.8574 | 3.8740 | 3.8906 | 3.9071 | 3.9237 |
| Woodie | 3.6030 | 3.7304 | 3.7837 | 3.9111 | 3.9644 | 4.0918 | 4.1451 |
| Fibonacci | 3.7428 | 3.8118 | 3.8545 | 3.9235 | 3.9925 | 4.0352 | 4.1042 |
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): | 50.99 | |
| MACD (12,26,9): | -0.0017 | |
| Directional Movement: | 0.2032 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 3.9104 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.9222 | |
| Elder Ray (13): | 0.0021 | |
| Super Trend (3,10): | 3.9000 | |
| Zig ZAG (10): | 3.9118 | |
| VORTEX (21): | 0.9009 | |
| Stochastique (14,3,5): | 43.85 | |
| TEMA (21): | 3.9092 | |
| Williams %R (14): | -48.21 | |
| Chande Momentum Oscillator (20): | -0.0035 | |
| Repulse (5,40,3): | 0.0681 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0046 | |
| Courbe Coppock: | 0.43 |
| MA7: | 3.9178 | |
| MA20: | 3.8900 | |
| MA50: | 3.9325 | |
| MA100: | 3.9325 | |
| MAexp7: | 3.9102 | |
| MAexp20: | 3.9127 | |
| MAexp50: | 3.9152 | |
| MAexp100: | 3.9159 | |
| Price / MA7: | -0.18% | |
| Price / MA20: | +0.53% | |
| Price / MA50: | -0.55% | |
| Price / MA100: | -0.55% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.13% |
This member declared not having a position on this financial instrument or a related financial instrument.
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