AUD/PLN - 1H - Technical analysis published on 09/14/2023 (GMT)
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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 bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 2.7912 PLN
My targets
2.8187 PLN (+0.0153)
2.8406 PLN (+0.0372)
My analysis
AUD/PLN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.7912 PLN. The next resistance located at 2.8187 PLN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.8406 PLN. After this resistance, buyers could then target 2.9229 PLN. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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Additional analysis
Quotes
The AUD/PLN price is 2.8034 PLN. The price registered an increase of +1.29% on the session and was between 2.7670 PLN and 2.8050 PLN. This implies that the price is at +1.32% from its lowest and at -0.06% from its highest.2.7670
2.8050
2.8034
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
Here is a more detailed summary of the historical variations registered by AUD/PLN:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/PLN chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by 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
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
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 resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 2.7402 | 2.7658 | 2.7912 | 2.8034 | 2.8187 | 2.9229 | 3.0282 |
| Change (%) | -2.25% | -1.34% | -0.44% | - | +0.55% | +4.26% | +8.02% |
| Change | -0.0632 | -0.0376 | -0.0122 | - | +0.0153 | +0.1195 | +0.2248 |
| Level | Minor | Major | Intermediate | - | Major | Minor | 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 | 2.7108 | 2.7313 | 2.7495 | 2.7700 | 2.7882 | 2.8087 | 2.8269 |
| Camarilla | 2.7570 | 2.7605 | 2.7641 | 2.7676 | 2.7712 | 2.7747 | 2.7782 |
| Woodie | 2.7096 | 2.7307 | 2.7483 | 2.7694 | 2.7870 | 2.8081 | 2.8257 |
| Fibonacci | 2.7313 | 2.7461 | 2.7553 | 2.7700 | 2.7848 | 2.7940 | 2.8087 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.5576 | 2.6024 | 2.6767 | 2.7215 | 2.7958 | 2.8406 | 2.9149 |
| Camarilla | 2.7184 | 2.7293 | 2.7402 | 2.7511 | 2.7620 | 2.7729 | 2.7839 |
| Woodie | 2.5725 | 2.6098 | 2.6916 | 2.7289 | 2.8107 | 2.8480 | 2.9298 |
| Fibonacci | 2.6024 | 2.6479 | 2.6760 | 2.7215 | 2.7670 | 2.7951 | 2.8406 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.5555 | 2.5866 | 2.6313 | 2.6624 | 2.7071 | 2.7382 | 2.7829 |
| Camarilla | 2.6553 | 2.6622 | 2.6692 | 2.6761 | 2.6831 | 2.6900 | 2.6970 |
| Woodie | 2.5624 | 2.5900 | 2.6382 | 2.6658 | 2.7140 | 2.7416 | 2.7898 |
| Fibonacci | 2.5866 | 2.6155 | 2.6334 | 2.6624 | 2.6913 | 2.7092 | 2.7382 |
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): | 78.55 | |
| MACD (12,26,9): | 0.0055 | |
| Directional Movement: | 27.3753 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 2.7844 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.7767 | |
| Elder Ray (13): | 0.0180 | |
| Super Trend (3,10): | 2.7776 | |
| Zig ZAG (10): | 2.8037 | |
| VORTEX (21): | 1.2481 | |
| Stochastique (14,3,5): | 91.58 | |
| TEMA (21): | 2.7906 | |
| Williams %R (14): | -5.03 | |
| Chande Momentum Oscillator (20): | 0.0344 | |
| Repulse (5,40,3): | 0.7415 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0084 | |
| Courbe Coppock: | 1.22 |
| MA7: | 2.7655 | |
| MA20: | 2.6950 | |
| MA50: | 2.6857 | |
| MA100: | 2.7246 | |
| MAexp7: | 2.7882 | |
| MAexp20: | 2.7791 | |
| MAexp50: | 2.7756 | |
| MAexp100: | 2.7676 | |
| Price / MA7: | +1.37% | |
| Price / MA20: | +4.02% | |
| Price / MA50: | +4.38% | |
| Price / MA100: | +2.89% | |
| Price / MAexp7: | +0.55% | |
| Price / MAexp20: | +0.87% | |
| Price / MAexp50: | +1.00% | |
| Price / MAexp100: | +1.29% |
Quotes :
-
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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