CAD/PLN

- PLN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CADPLN
ISIN:

CAD/PLN - 1H - Technical analysis published on 03/22/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 2.9236 PLN

My targets

2.9395 PLN (+0.0090)

2.9501 PLN (+0.0196)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/PLN as long as the price remains well above 2.9236 PLN. The buyers' bullish objective is set at 2.9395 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.9501 PLN. If there is any crossing, the next objective would be the resistance located at 3.0238 PLN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CAD/PLN rating 2.9305 PLN. The price is lower by -0.01% since the last closing with the lowest point at 2.9285 PLN and the highest point at 2.9320 PLN. The deviation from the price is +0.07% for the low point and -0.05% for the high point.

2.9285

2.9320

2.9305

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

Here is a more detailed summary of the historical variations registered by CAD/PLN:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of CAD/PLN indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.9092	2.9149	2.9236	2.9305	2.9310	2.9395	3.0238
Change (%)	-0.73%	-0.53%	-0.24%	-	+0.02%	+0.31%	+3.18%
Change	-0.0213	-0.0156	-0.0069	-	+0.0005	+0.0090	+0.0933
Level	Minor	Minor	Intermediate	-	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	2.9010	2.9086	2.9197	2.9273	2.9384	2.9460	2.9571
Camarilla	2.9256	2.9273	2.9290	2.9307	2.9324	2.9341	2.9358
Woodie	2.9027	2.9095	2.9214	2.9282	2.9401	2.9469	2.9588
Fibonacci	2.9086	2.9158	2.9202	2.9273	2.9345	2.9389	2.9460

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.8793	2.8884	2.9029	2.9120	2.9265	2.9356	2.9501
Camarilla	2.9109	2.9131	2.9152	2.9174	2.9196	2.9217	2.9239
Woodie	2.8820	2.8898	2.9056	2.9134	2.9292	2.9370	2.9528
Fibonacci	2.8884	2.8974	2.9030	2.9120	2.9210	2.9266	2.9356

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.8275	2.8741	2.9087	2.9553	2.9899	3.0365	3.0711
Camarilla	2.9211	2.9285	2.9360	2.9434	2.9508	2.9583	2.9657
Woodie	2.8216	2.8711	2.9028	2.9523	2.9840	3.0335	3.0652
Fibonacci	2.8741	2.9051	2.9243	2.9553	2.9863	3.0055	3.0365

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):	54.97
MACD (12,26,9):	0.0008
Directional Movement:	-2.5090
AROON (14):	57.1429
DEMA (21):	2.9299
Parabolic SAR (0,02-0,02-0,2):	2.9241
Elder Ray (13):	0.0006
Super Trend (3,10):	2.9334
Zig ZAG (10):	2.9309
VORTEX (21):	1.0053
Stochastique (14,3,5):	86.46
TEMA (21):	2.9308
Williams %R (14):	-12.73
Chande Momentum Oscillator (20):	0.0123
Repulse (5,40,3):	0.0453
ROCnROLL:	1
TRIX (15,9):	0.0010
Courbe Coppock:	0.30

MA7:	2.9262
MA20:	2.9253
MA50:	2.9587
MA100:	2.9599
MAexp7:	2.9304
MAexp20:	2.9292
MAexp50:	2.9286
MAexp100:	2.9267
Price / MA7:	+0.15%
Price / MA20:	+0.18%
Price / MA50:	-0.95%
Price / MA100:	-0.99%
Price / MAexp7:	+0.00%
Price / MAexp20:	+0.04%
Price / MAexp50:	+0.06%
Price / MAexp100:	+0.13%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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