CHF/PLN
CHF PLN
- PLN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CHFPLN
ISIN:

CHF/PLN - 1H - Technical analysis published on 03/06/2020 (GMT)

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  • Timeframe : 1H
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  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 4.0419 PLN
My targets
4.0681 PLN (+0.0071)
4.0759 PLN (+0.0149)
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 4.0419 PLN. The next resistance located at 4.0681 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 4.0759 PLN. After this resistance, buyers could then target 4.0886 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, 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
8.2

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CHF/PLN price is 4.0610 PLN. The price is lower by +0.10% since the last closing and was traded between 4.0545 PLN and 4.0742 PLN over the period. The price is currently at +0.16% from its lowest and -0.32% from its highest.

4.0545
4.0742
4.0610

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days

Technical


A technical analysis in 1H of this CHF/PLN chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.0273 4.0357 4.0419 4.0610 4.0623 4.0681 4.0759
Change (%) -0.83% -0.62% -0.47% - +0.03% +0.17% +0.37%
Change -0.0337 -0.0253 -0.0191 - +0.0013 +0.0071 +0.0149
Level Intermediate Minor Major - Minor Major Minor



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
Standard4.00674.01704.03714.04744.06754.07784.0979
Camarilla4.04874.05154.05434.05714.05994.06274.0655
Woodie4.01154.01954.04194.04994.07234.08034.1027
Fibonacci4.01704.02874.03584.04744.05914.06624.0778


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.99394.01704.04254.06564.09114.11424.1397
Camarilla4.05474.05924.06374.06814.07264.07704.0815
Woodie3.99524.01764.04384.06624.09244.11484.1410
Fibonacci4.01704.03554.04704.06564.08414.09564.1142


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.84813.90033.98424.03644.12034.17254.2564
Camarilla4.03074.04324.05564.06814.08064.09314.1055
Woodie3.86403.90824.00014.04434.13624.18044.2723
Fibonacci3.90033.95233.98444.03644.08844.12054.1725

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): 55.63
MACD (12,26,9): 0.0065
Directional Movement: 8.6698
AROON (14): 92.8571
DEMA (21): 4.0661
Parabolic SAR (0,02-0,02-0,2): 4.0563
Elder Ray (13): 0.0024
Super Trend (3,10): 4.0486
Zig ZAG (10): 4.0689
VORTEX (21): 1.2519
Stochastique (14,3,5): 87.76
TEMA (21): 4.0713
Williams %R (14): -18.08
Chande Momentum Oscillator (20): 0.0131
Repulse (5,40,3): 0.1503
ROCnROLL: 1
TRIX (15,9): 0.0242
Courbe Coppock: 0.67
MA7: 4.0510
MA20: 4.0311
MA50: 3.9844
MA100: 3.9432
MAexp7: 4.0645
MAexp20: 4.0576
MAexp50: 4.0493
MAexp100: 4.0473
Price / MA7: +0.25%
Price / MA20: +0.74%
Price / MA50: +1.92%
Price / MA100: +2.99%
Price / MAexp7: -0.09%
Price / MAexp20: +0.08%
Price / MAexp50: +0.29%
Price / MAexp100: +0.34%

This member declared not having a position on this financial instrument or a related financial instrument.

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