USD/PLN - 1H - Technical analysis published on 04/07/2020 (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
17%
56%
28%
My opinion
Bearish under 4.1894 PLN
My targets
4.1429 PLN (-0.0283)
4.1060 PLN (-0.0652)
My analysis
USD/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 4.1894 PLN. The next support located at 4.1429 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 4.1060 PLN. Below this support, sellers could then target 4.0658 PLN.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
5.5
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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
USD/PLN rating 4.1712 PLN. The price has increased by -1.26% since the last closing with the lowest point at 4.1634 PLN and the highest point at 4.2275 PLN. The deviation from the price is +0.19% for the low point and -1.33% for the high point.4.1634
4.2275
4.1712
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of USD/PLN indicates that the overall trend is bearish. 75% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are bearish. There is still some doubt about the decline in the price.
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
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.0658 | 4.1060 | 4.1429 | 4.1712 | 4.2129 | 4.2289 | 4.2585 |
| Change (%) | -2.53% | -1.56% | -0.68% | - | +1.00% | +1.38% | +2.09% |
| Change | -0.1054 | -0.0652 | -0.0283 | - | +0.0417 | +0.0577 | +0.0873 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.1413 | 4.1691 | 4.1967 | 4.2245 | 4.2521 | 4.2799 | 4.3075 |
| Camarilla | 4.2091 | 4.2141 | 4.2192 | 4.2243 | 4.2294 | 4.2345 | 4.2395 |
| Woodie | 4.1412 | 4.1691 | 4.1966 | 4.2245 | 4.2520 | 4.2799 | 4.3074 |
| Fibonacci | 4.1691 | 4.1903 | 4.2033 | 4.2245 | 4.2457 | 4.2587 | 4.2799 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.9458 | 4.0086 | 4.1266 | 4.1894 | 4.3074 | 4.3702 | 4.4882 |
| Camarilla | 4.1950 | 4.2116 | 4.2281 | 4.2447 | 4.2613 | 4.2779 | 4.2944 |
| Woodie | 3.9735 | 4.0224 | 4.1543 | 4.2032 | 4.3351 | 4.3840 | 4.5159 |
| Fibonacci | 4.0086 | 4.0776 | 4.1203 | 4.1894 | 4.2584 | 4.3011 | 4.3702 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.2746 | 3.5157 | 3.8261 | 4.0672 | 4.3776 | 4.6187 | 4.9291 |
| Camarilla | 3.9849 | 4.0355 | 4.0861 | 4.1366 | 4.1872 | 4.2377 | 4.2883 |
| Woodie | 3.3094 | 3.5330 | 3.8609 | 4.0845 | 4.4124 | 4.6360 | 4.9639 |
| Fibonacci | 3.5157 | 3.7263 | 3.8565 | 4.0672 | 4.2778 | 4.4080 | 4.6187 |
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): | 24.31 | |
| MACD (12,26,9): | -0.0132 | |
| Directional Movement: | -29.6460 | |
| AROON (14): | -85.7142 | |
| DEMA (21): | 4.1965 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.2248 | |
| Elder Ray (13): | -0.0290 | |
| Super Trend (3,10): | 4.2065 | |
| Zig ZAG (10): | 4.1750 | |
| VORTEX (21): | 0.7899 | |
| Stochastique (14,3,5): | 10.05 | |
| TEMA (21): | 4.1864 | |
| Williams %R (14): | -83.16 | |
| Chande Momentum Oscillator (20): | -0.0544 | |
| Repulse (5,40,3): | -0.4644 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0199 | |
| Courbe Coppock: | 1.44 |
| MA7: | 4.1867 | |
| MA20: | 4.1287 | |
| MA50: | 3.9905 | |
| MA100: | 3.9164 | |
| MAexp7: | 4.1911 | |
| MAexp20: | 4.2052 | |
| MAexp50: | 4.2143 | |
| MAexp100: | 4.2070 | |
| Price / MA7: | -0.37% | |
| Price / MA20: | +1.03% | |
| Price / MA50: | +4.53% | |
| Price / MA100: | +6.51% | |
| Price / MAexp7: | -0.48% | |
| Price / MAexp20: | -0.82% | |
| Price / MAexp50: | -1.03% | |
| Price / MAexp100: | -0.86% |
This member declared not having a position on this financial instrument or a related financial instrument.
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