USD/PLN - 15 min. - Technical analysis published on 11/10/2023 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 4.1528 PLN
My targets
4.1766 PLN (+0.0201)
4.1952 PLN (+0.0387)
My analysis
With a bullish background trend, the price of USD/PLN is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 4.1528 PLN. A bullish break in the resistance located at 4.1766 PLN would boost the bullish momentum and fuel the basic trend. Then the price could move towards 4.1952 PLN. Then 4.2190 PLN by extension. It would be safer to wait for a bullish break in the resistance located at 4.1766 PLN before allowing yourself to re trade long positions (at purchase) on USD/PLN. PS: if there is a bearish break in the support located at 4.1528 PLN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
0.2
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This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/PLN price is 4.1565 PLN. The price is lower by -0.04% since the last closing and was traded between 4.1563 PLN and 4.1639 PLN over the period. The price is currently at +0.00% from its lowest and -0.18% from its highest.4.1563
4.1639
4.1565
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this USD/PLN chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 15 minutes
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 9 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
RSI indicator is back under 50
Type : Bearish
Timeframe : 15 minutes
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 4.1289 | 4.1401 | 4.1556 | 4.1565 | 4.1704 | 4.1897 | 4.2225 |
| Change (%) | -0.66% | -0.39% | -0.02% | - | +0.33% | +0.80% | +1.59% |
| Change | -0.0276 | -0.0164 | -0.0009 | - | +0.0139 | +0.0332 | +0.0660 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | Minor |
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 | 4.0918 | 4.1104 | 4.1342 | 4.1528 | 4.1766 | 4.1952 | 4.2190 |
| Camarilla | 4.1464 | 4.1503 | 4.1542 | 4.1581 | 4.1620 | 4.1659 | 4.1698 |
| Woodie | 4.0945 | 4.1117 | 4.1369 | 4.1541 | 4.1793 | 4.1965 | 4.2217 |
| Fibonacci | 4.1104 | 4.1266 | 4.1366 | 4.1528 | 4.1690 | 4.1790 | 4.1952 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.9960 | 4.0677 | 4.1095 | 4.1812 | 4.2230 | 4.2947 | 4.3365 |
| Camarilla | 4.1200 | 4.1304 | 4.1408 | 4.1512 | 4.1616 | 4.1720 | 4.1824 |
| Woodie | 3.9810 | 4.0602 | 4.0945 | 4.1737 | 4.2080 | 4.2872 | 4.3215 |
| Fibonacci | 4.0677 | 4.1111 | 4.1379 | 4.1812 | 4.2246 | 4.2514 | 4.2947 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.8144 | 3.9883 | 4.1005 | 4.2744 | 4.3866 | 4.5605 | 4.6727 |
| Camarilla | 4.1340 | 4.1603 | 4.1865 | 4.2127 | 4.2389 | 4.2652 | 4.2914 |
| Woodie | 3.7836 | 3.9729 | 4.0697 | 4.2590 | 4.3558 | 4.5451 | 4.6419 |
| Fibonacci | 3.9883 | 4.0976 | 4.1651 | 4.2744 | 4.3837 | 4.4512 | 4.5605 |
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): | 48.42 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | -0.4060 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 4.1609 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.1630 | |
| Elder Ray (13): | -0.0008 | |
| Super Trend (3,10): | 4.1557 | |
| Zig ZAG (10): | 4.1596 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 45.92 | |
| TEMA (21): | 4.1597 | |
| Williams %R (14): | -85.48 | |
| Chande Momentum Oscillator (20): | -0.0021 | |
| Repulse (5,40,3): | -0.0874 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0023 | |
| Courbe Coppock: | 0.05 |
| MA7: | 4.1616 | |
| MA20: | 4.1931 | |
| MA50: | 4.2747 | |
| MA100: | 4.1669 | |
| MAexp7: | 4.1601 | |
| MAexp20: | 4.1598 | |
| MAexp50: | 4.1581 | |
| MAexp100: | 4.1566 | |
| Price / MA7: | -0.12% | |
| Price / MA20: | -0.87% | |
| Price / MA50: | -2.77% | |
| Price / MA100: | -0.25% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | +0.00% |
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.
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