USD/PLN - 1H - Technical analysis published on 08/21/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 4.1143 PLN
My targets
4.0722 PLN (-0.0303)
4.0568 PLN (-0.0457)
My analysis
USD/PLN is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 4.1143 PLN, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 4.0722 PLN. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 4.0568 PLN would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 4.0232 PLN. Beware of a possible return to above the resistance located at 4.1143 PLN which would be a sign of a correction of the short-term bearish excesses registered.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.6
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Additional analysis
Quotes
USD/PLN rating 4.1025 PLN. The price registered a decrease of -0.02% on the session and was traded between 4.0952 PLN and 4.1059 PLN over the period. The price is currently at +0.18% from its lowest and -0.08% from its highest.4.0952
4.1059
4.1025
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/PLN chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
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 100
Type : Bullish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.0568 | 4.0722 | 4.0984 | 4.1025 | 4.1143 | 4.1303 | 4.2695 |
| Change (%) | -1.11% | -0.74% | -0.10% | - | +0.29% | +0.68% | +4.07% |
| Change | -0.0457 | -0.0303 | -0.0041 | - | +0.0118 | +0.0278 | +0.1670 |
| Level | Minor | Intermediate | Intermediate | - | Major | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.0527 | 4.0737 | 4.0884 | 4.1094 | 4.1241 | 4.1451 | 4.1598 |
| Camarilla | 4.0934 | 4.0967 | 4.0999 | 4.1032 | 4.1065 | 4.1098 | 4.1130 |
| Woodie | 4.0497 | 4.0721 | 4.0854 | 4.1078 | 4.1211 | 4.1435 | 4.1568 |
| Fibonacci | 4.0737 | 4.0873 | 4.0957 | 4.1094 | 4.1230 | 4.1314 | 4.1451 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.9661 | 4.0043 | 4.0538 | 4.0920 | 4.1415 | 4.1797 | 4.2292 |
| Camarilla | 4.0791 | 4.0871 | 4.0952 | 4.1032 | 4.1112 | 4.1193 | 4.1273 |
| Woodie | 3.9717 | 4.0071 | 4.0594 | 4.0948 | 4.1471 | 4.1825 | 4.2348 |
| Fibonacci | 4.0043 | 4.0378 | 4.0585 | 4.0920 | 4.1255 | 4.1462 | 4.1797 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.6919 | 3.8138 | 3.9097 | 4.0316 | 4.1275 | 4.2494 | 4.3453 |
| Camarilla | 3.9458 | 3.9658 | 3.9857 | 4.0057 | 4.0257 | 4.0456 | 4.0656 |
| Woodie | 3.6790 | 3.8073 | 3.8968 | 4.0251 | 4.1146 | 4.2429 | 4.3324 |
| Fibonacci | 3.8138 | 3.8970 | 3.9484 | 4.0316 | 4.1148 | 4.1662 | 4.2494 |
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): | 47.83 | |
| MACD (12,26,9): | -0.0027 | |
| Directional Movement: | -3.0330 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 4.0998 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.1103 | |
| Elder Ray (13): | -0.0021 | |
| Super Trend (3,10): | 4.1133 | |
| Zig ZAG (10): | 4.1035 | |
| VORTEX (21): | 0.8040 | |
| Stochastique (14,3,5): | 48.67 | |
| TEMA (21): | 4.0978 | |
| Williams %R (14): | -14.16 | |
| Chande Momentum Oscillator (20): | 0.0024 | |
| Repulse (5,40,3): | 0.1845 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0099 | |
| Courbe Coppock: | 0.28 |
| MA7: | 4.0946 | |
| MA20: | 4.0557 | |
| MA50: | 4.0508 | |
| MA100: | 4.1221 | |
| MAexp7: | 4.1004 | |
| MAexp20: | 4.1032 | |
| MAexp50: | 4.1049 | |
| MAexp100: | 4.0989 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | +1.15% | |
| Price / MA50: | +1.28% | |
| Price / MA100: | -0.48% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | +0.09% |
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.
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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