CHF/PLN - 1H - Technical analysis published on 01/23/2020 (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
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 3.9458 PLN
My targets
3.9577 PLN (+0.0073)
3.9919 PLN (+0.0415)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/PLN as long as the price remains well above 3.9458 PLN. The buyers” bullish objective is set at 3.9577 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.9919 PLN. If there is any crossing, the next objective would be the resistance located at 4.0419 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, 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
6.4
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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 price is 3.9504 PLN. The price has increased by +0.05% since the last closing and was traded between 3.9470 PLN and 3.9584 PLN over the period. The price is currently at +0.09% from its lowest and -0.20% from its highest.3.9470
3.9584
3.9504
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of CHF/PLN in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
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
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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:
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 | 3.9272 | 3.9370 | 3.9458 | 3.9504 | 3.9577 | 3.9919 | 4.0419 |
| Change (%) | -0.59% | -0.34% | -0.12% | - | +0.18% | +1.05% | +2.32% |
| Change | -0.0232 | -0.0134 | -0.0046 | - | +0.0073 | +0.0415 | +0.0915 |
| Level | Major | Major | 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 | 3.9126 | 3.9199 | 3.9342 | 3.9415 | 3.9558 | 3.9631 | 3.9774 |
| Camarilla | 3.9425 | 3.9444 | 3.9464 | 3.9484 | 3.9504 | 3.9524 | 3.9543 |
| Woodie | 3.9160 | 3.9217 | 3.9376 | 3.9433 | 3.9592 | 3.9649 | 3.9808 |
| Fibonacci | 3.9199 | 3.9282 | 3.9333 | 3.9415 | 3.9498 | 3.9549 | 3.9631 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.8446 | 3.8664 | 3.9088 | 3.9306 | 3.9730 | 3.9948 | 4.0372 |
| Camarilla | 3.9336 | 3.9395 | 3.9454 | 3.9513 | 3.9572 | 3.9631 | 3.9690 |
| Woodie | 3.8550 | 3.8716 | 3.9192 | 3.9358 | 3.9834 | 4.0000 | 4.0476 |
| Fibonacci | 3.8664 | 3.8909 | 3.9060 | 3.9306 | 3.9551 | 3.9702 | 3.9948 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.8472 | 3.8649 | 3.9003 | 3.9180 | 3.9534 | 3.9711 | 4.0065 |
| Camarilla | 3.9210 | 3.9259 | 3.9307 | 3.9356 | 3.9405 | 3.9453 | 3.9502 |
| Woodie | 3.8560 | 3.8693 | 3.9091 | 3.9224 | 3.9622 | 3.9755 | 4.0153 |
| Fibonacci | 3.8649 | 3.8852 | 3.8978 | 3.9180 | 3.9383 | 3.9509 | 3.9711 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.99 | |
| MACD (12,26,9): | 0.0025 | |
| Directional Movement: | 14.3315 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 3.9519 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.9499 | |
| Elder Ray (13): | 0.0010 | |
| Super Trend (3,10): | 3.9431 | |
| Zig ZAG (10): | 3.9510 | |
| VORTEX (21): | 1.1353 | |
| Stochastique (14,3,5): | 50.41 | |
| TEMA (21): | 3.9536 | |
| Williams %R (14): | -57.60 | |
| Chande Momentum Oscillator (20): | 0.0023 | |
| Repulse (5,40,3): | -0.0536 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0093 | |
| Courbe Coppock: | 0.22 |
| MA7: | 3.9452 | |
| MA20: | 3.9274 | |
| MA50: | 3.9184 | |
| MA100: | 3.9269 | |
| MAexp7: | 3.9516 | |
| MAexp20: | 3.9487 | |
| MAexp50: | 3.9461 | |
| MAexp100: | 3.9440 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | +0.59% | |
| Price / MA50: | +0.82% | |
| Price / MA100: | +0.60% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.16% |
This member declared not having a position on this financial instrument or a related financial instrument.
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