CHF/PLN - 1H - Technical analysis published on 04/08/2020 (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
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
72%
6%
22%
My opinion
Bullish above 4.2790 PLN
My targets
4.3149 PLN (+0.0099)
4.3262 PLN (+0.0212)
My analysis
The strong short-term increase in CHF/PLN calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 4.2790 PLN, you could consider taking advantage of the short-term movement. The first bullish objective is located at 4.3149 PLN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.3262 PLN as an objective. Crossing it would then enable buyers to target 4.3440 PLN. Caution, a return under 4.2790 PLN could jeopardize the reversal.
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
2.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/PLN rating is 4.3050 PLN. The price registered a decrease of +0.42% on the session and was traded between 4.2842 PLN and 4.3071 PLN over the period. The price is currently at +0.49% from its lowest and -0.05% from its highest.4.2842
4.3071
4.3050
Here is a more detailed summary of the historical variations registered by CHF/PLN:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on CHF/PLN were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this CHF/PLN chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.2680 | 4.2790 | 4.3016 | 4.3050 | 4.3149 | 4.3262 | 4.3440 |
| Change (%) | -0.86% | -0.60% | -0.08% | - | +0.23% | +0.49% | +0.91% |
| Change | -0.0370 | -0.0260 | -0.0034 | - | +0.0099 | +0.0212 | +0.0390 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | 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 | 4.2097 | 4.2389 | 4.2629 | 4.2921 | 4.3161 | 4.3453 | 4.3693 |
| Camarilla | 4.2724 | 4.2773 | 4.2821 | 4.2870 | 4.2919 | 4.2968 | 4.3016 |
| Woodie | 4.2072 | 4.2376 | 4.2604 | 4.2908 | 4.3136 | 4.3440 | 4.3668 |
| Fibonacci | 4.2389 | 4.2592 | 4.2717 | 4.2921 | 4.3124 | 4.3249 | 4.3453 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2121 | 4.2422 | 4.2937 | 4.3238 | 4.3753 | 4.4054 | 4.4569 |
| Camarilla | 4.3227 | 4.3301 | 4.3376 | 4.3451 | 4.3526 | 4.3601 | 4.3675 |
| Woodie | 4.2227 | 4.2476 | 4.3043 | 4.3292 | 4.3859 | 4.4108 | 4.4675 |
| Fibonacci | 4.2422 | 4.2734 | 4.2927 | 4.3238 | 4.3550 | 4.3743 | 4.4054 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.7139 | 3.8656 | 4.0837 | 4.2354 | 4.4535 | 4.6052 | 4.8233 |
| Camarilla | 4.2001 | 4.2340 | 4.2679 | 4.3018 | 4.3357 | 4.3696 | 4.4035 |
| Woodie | 3.7471 | 3.8822 | 4.1169 | 4.2520 | 4.4867 | 4.6218 | 4.8565 |
| Fibonacci | 3.8656 | 4.0069 | 4.0941 | 4.2354 | 4.3767 | 4.4639 | 4.6052 |
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): | 59.74 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | -4.1558 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 4.2884 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.2794 | |
| Elder Ray (13): | -0.0019 | |
| Super Trend (3,10): | 4.3096 | |
| Zig ZAG (10): | 4.2989 | |
| VORTEX (21): | 1.0464 | |
| Stochastique (14,3,5): | 45.18 | |
| TEMA (21): | 4.2950 | |
| Williams %R (14): | -25.11 | |
| Chande Momentum Oscillator (20): | 0.0127 | |
| Repulse (5,40,3): | 0.1959 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0086 | |
| Courbe Coppock: | 0.43 |
| MA7: | 4.3172 | |
| MA20: | 4.2824 | |
| MA50: | 4.1301 | |
| MA100: | 4.0275 | |
| MAexp7: | 4.2947 | |
| MAexp20: | 4.2943 | |
| MAexp50: | 4.3003 | |
| MAexp100: | 4.3079 | |
| Price / MA7: | -0.28% | |
| Price / MA20: | +0.53% | |
| Price / MA50: | +4.23% | |
| Price / MA100: | +6.89% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | -0.07% |
This member declared not having a position on this financial instrument or a related financial instrument.
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