CAD/PLN - 1H - Technical analysis published on 06/14/2024 (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
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 2.9417 PLN
My targets
2.9489 PLN (+0.0027)
2.9753 PLN (+0.0291)
My analysis
CAD/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 2.9417 PLN. The next resistance located at 2.9489 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 2.9753 PLN. After this resistance, buyers could then target 3.0238 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/PLN rating 2.9462 PLN. On the day, this instrument gained +0.00% with the lowest point at 2.9445 PLN and the highest point at 2.9472 PLN. The deviation from the price is +0.06% for the low point and -0.03% for the high point.2.9445
2.9472
2.9462
A study of price movements over other periods shows the following variations:
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
Technical analysis of this 1H chart of CAD/PLN indicates that the overall trend is strongly bullish. 92.86% 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.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.9128 | 2.9301 | 2.9417 | 2.9462 | 2.9753 | 3.0238 | 3.1483 |
| Change (%) | -1.13% | -0.55% | -0.15% | - | +0.99% | +2.63% | +6.86% |
| Change | -0.0334 | -0.0161 | -0.0045 | - | +0.0291 | +0.0776 | +0.2021 |
| Level | Intermediate | Minor | Intermediate | - | Major | Major | Intermediate |
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 | 2.8890 | 2.9010 | 2.9236 | 2.9356 | 2.9582 | 2.9702 | 2.9928 |
| Camarilla | 2.9368 | 2.9400 | 2.9431 | 2.9463 | 2.9495 | 2.9526 | 2.9558 |
| Woodie | 2.8944 | 2.9037 | 2.9290 | 2.9383 | 2.9636 | 2.9729 | 2.9982 |
| Fibonacci | 2.9010 | 2.9142 | 2.9224 | 2.9356 | 2.9488 | 2.9570 | 2.9702 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.8439 | 2.8568 | 2.8789 | 2.8918 | 2.9139 | 2.9268 | 2.9489 |
| Camarilla | 2.8915 | 2.8947 | 2.8979 | 2.9011 | 2.9043 | 2.9075 | 2.9107 |
| Woodie | 2.8486 | 2.8591 | 2.8836 | 2.8941 | 2.9186 | 2.9291 | 2.9536 |
| Fibonacci | 2.8568 | 2.8701 | 2.8784 | 2.8918 | 2.9051 | 2.9134 | 2.9268 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.7474 | 2.8036 | 2.8467 | 2.9029 | 2.9460 | 3.0022 | 3.0453 |
| Camarilla | 2.8626 | 2.8717 | 2.8808 | 2.8899 | 2.8990 | 2.9081 | 2.9172 |
| Woodie | 2.7410 | 2.8003 | 2.8403 | 2.8996 | 2.9396 | 2.9989 | 3.0389 |
| Fibonacci | 2.8036 | 2.8415 | 2.8649 | 2.9029 | 2.9408 | 2.9642 | 3.0022 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 68.94 | |
| MACD (12,26,9): | 0.0059 | |
| Directional Movement: | 17.2277 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 2.9468 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.9434 | |
| Elder Ray (13): | 0.0036 | |
| Super Trend (3,10): | 2.9360 | |
| Zig ZAG (10): | 2.9463 | |
| VORTEX (21): | 1.2870 | |
| Stochastique (14,3,5): | 95.24 | |
| TEMA (21): | 2.9506 | |
| Williams %R (14): | -3.93 | |
| Chande Momentum Oscillator (20): | 0.0126 | |
| Repulse (5,40,3): | 0.0732 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0273 | |
| Courbe Coppock: | 1.23 |
| MA7: | 2.9213 | |
| MA20: | 2.8944 | |
| MA50: | 2.9137 | |
| MA100: | 2.9309 | |
| MAexp7: | 2.9456 | |
| MAexp20: | 2.9395 | |
| MAexp50: | 2.9324 | |
| MAexp100: | 2.9247 | |
| Price / MA7: | +0.85% | |
| Price / MA20: | +1.79% | |
| Price / MA50: | +1.12% | |
| Price / MA100: | +0.52% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | +0.47% | |
| Price / MAexp100: | +0.74% |
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.
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