CHF/PLN - 1H - Technical analysis published on 02/07/2020 (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:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 3.9803 PLN
My targets
4.0075 PLN (+0.0170)
4.0152 PLN (+0.0247)
My analysis
CHF/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 3.9803 PLN. The next resistance located at 4.0075 PLN is the next bullish target 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 4.0152 PLN. After this resistance, buyers could then target 4.0350 PLN.
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 rating is 3.9905 PLN. The price is lower by +0.29% since the last closing and was traded between 3.9771 PLN and 3.9980 PLN over the period. The price is currently at +0.34% from its lowest and -0.19% from its highest.3.9771
3.9980
3.9905
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/PLN:
Technical
Technical analysis of CHF/PLN in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.9573 | 3.9699 | 3.9803 | 3.9905 | 3.9919 | 4.0075 | 4.0152 |
| Change (%) | -0.83% | -0.52% | -0.26% | - | +0.04% | +0.43% | +0.62% |
| Change | -0.0332 | -0.0206 | -0.0102 | - | +0.0014 | +0.0170 | +0.0247 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 3.9391 | 3.9481 | 3.9636 | 3.9726 | 3.9881 | 3.9971 | 4.0126 |
| Camarilla | 3.9724 | 3.9746 | 3.9769 | 3.9791 | 3.9814 | 3.9836 | 3.9858 |
| Woodie | 3.9424 | 3.9497 | 3.9669 | 3.9742 | 3.9914 | 3.9987 | 4.0159 |
| Fibonacci | 3.9481 | 3.9575 | 3.9632 | 3.9726 | 3.9820 | 3.9877 | 3.9971 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.9272 | 3.9501 | 3.9850 | 4.0079 | 4.0428 | 4.0657 | 4.1006 |
| Camarilla | 4.0041 | 4.0094 | 4.0147 | 4.0200 | 4.0253 | 4.0306 | 4.0359 |
| Woodie | 3.9333 | 3.9531 | 3.9911 | 4.0109 | 4.0489 | 4.0687 | 4.1067 |
| Fibonacci | 3.9501 | 3.9722 | 3.9858 | 4.0079 | 4.0300 | 4.0436 | 4.0657 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.7859 | 3.8370 | 3.9285 | 3.9796 | 4.0711 | 4.1222 | 4.2137 |
| Camarilla | 3.9808 | 3.9939 | 4.0069 | 4.0200 | 4.0331 | 4.0461 | 4.0592 |
| Woodie | 3.8061 | 3.8471 | 3.9487 | 3.9897 | 4.0913 | 4.1323 | 4.2339 |
| Fibonacci | 3.8370 | 3.8915 | 3.9251 | 3.9796 | 4.0341 | 4.0677 | 4.1222 |
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): | 68.51 | |
| MACD (12,26,9): | 0.0044 | |
| Directional Movement: | 19.7063 | |
| AROON (14): | 85.7142 | |
| DEMA (21): | 3.9869 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.9789 | |
| Elder Ray (13): | 0.0069 | |
| Super Trend (3,10): | 3.9774 | |
| Zig ZAG (10): | 3.9907 | |
| VORTEX (21): | 1.2487 | |
| Stochastique (14,3,5): | 84.16 | |
| TEMA (21): | 3.9915 | |
| Williams %R (14): | -26.67 | |
| Chande Momentum Oscillator (20): | 0.0132 | |
| Repulse (5,40,3): | 0.2334 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0125 | |
| Courbe Coppock: | 0.50 |
| MA7: | 3.9983 | |
| MA20: | 3.9706 | |
| MA50: | 3.9361 | |
| MA100: | 3.9307 | |
| MAexp7: | 3.9892 | |
| MAexp20: | 3.9819 | |
| MAexp50: | 3.9802 | |
| MAexp100: | 3.9858 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | +0.50% | |
| Price / MA50: | +1.38% | |
| Price / MA100: | +1.52% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +0.11% |
This member declared not having a position on this financial instrument or a related financial instrument.
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