CHF/PLN - 1H - Technical analysis published on 10/26/2023 (GMT)
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- Timeframe : 1H
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- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 4.7124 PLN
My targets
4.7468 PLN (+0.0237)
4.7984 PLN (+0.0753)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 4.7124 PLN remains possible. It is advisable to trade CHF/PLN with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 4.7124 PLN. The next bullish objective for buyers is set at 4.7468 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.7984 PLN. If there is any crossing, the next objective would be the resistance located at 4.8571 PLN. PS: if there is a bearish break in the support located at 4.7124 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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Additional analysis
Quotes
CHF/PLN rating 4.7231 PLN. On the day, this instrument lost -0.01% and was traded between 4.7178 PLN and 4.7349 PLN over the period. The price is currently at +0.11% from its lowest and -0.25% from its highest.4.7178
4.7349
4.7231
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/PLN chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
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 | 4.6624 | 4.6896 | 4.7124 | 4.7231 | 4.7468 | 4.7984 | 4.8571 |
| Change (%) | -1.29% | -0.71% | -0.23% | - | +0.50% | +1.59% | +2.84% |
| Change | -0.0607 | -0.0335 | -0.0107 | - | +0.0237 | +0.0753 | +0.1340 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | 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 | 4.6737 | 4.6914 | 4.7074 | 4.7251 | 4.7411 | 4.7588 | 4.7748 |
| Camarilla | 4.7142 | 4.7173 | 4.7204 | 4.7235 | 4.7266 | 4.7297 | 4.7328 |
| Woodie | 4.6730 | 4.6910 | 4.7067 | 4.7247 | 4.7404 | 4.7584 | 4.7741 |
| Fibonacci | 4.6914 | 4.7042 | 4.7122 | 4.7251 | 4.7379 | 4.7459 | 4.7588 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5485 | 4.5907 | 4.6555 | 4.6977 | 4.7625 | 4.8047 | 4.8695 |
| Camarilla | 4.6908 | 4.7006 | 4.7104 | 4.7202 | 4.7300 | 4.7398 | 4.7496 |
| Woodie | 4.5597 | 4.5964 | 4.6667 | 4.7034 | 4.7737 | 4.8104 | 4.8807 |
| Fibonacci | 4.5907 | 4.6316 | 4.6569 | 4.6977 | 4.7386 | 4.7639 | 4.8047 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3929 | 4.5269 | 4.6523 | 4.7863 | 4.9117 | 5.0457 | 5.1711 |
| Camarilla | 4.7063 | 4.7300 | 4.7538 | 4.7776 | 4.8014 | 4.8252 | 4.8489 |
| Woodie | 4.3885 | 4.5248 | 4.6479 | 4.7842 | 4.9073 | 5.0436 | 5.1667 |
| Fibonacci | 4.5269 | 4.6260 | 4.6872 | 4.7863 | 4.8854 | 4.9466 | 5.0457 |
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): | 51.26 | |
| MACD (12,26,9): | 0.0018 | |
| Directional Movement: | 2.7664 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 4.7275 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.7141 | |
| Elder Ray (13): | 0.0020 | |
| Super Trend (3,10): | 4.7109 | |
| Zig ZAG (10): | 4.7252 | |
| VORTEX (21): | 0.9583 | |
| Stochastique (14,3,5): | 55.14 | |
| TEMA (21): | 4.7261 | |
| Williams %R (14): | -60.87 | |
| Chande Momentum Oscillator (20): | -0.0025 | |
| Repulse (5,40,3): | -0.1589 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0073 | |
| Courbe Coppock: | 0.04 |
| MA7: | 4.7133 | |
| MA20: | 4.7391 | |
| MA50: | 4.7495 | |
| MA100: | 4.6722 | |
| MAexp7: | 4.7256 | |
| MAexp20: | 4.7249 | |
| MAexp50: | 4.7198 | |
| MAexp100: | 4.7154 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | -0.34% | |
| Price / MA50: | -0.56% | |
| Price / MA100: | +1.09% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.16% |
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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