CHF/PLN - 1H - Technical analysis published on 03/06/2020 (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
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
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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 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.
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 HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal 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:
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
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 4.0067 | 4.0170 | 4.0371 | 4.0474 | 4.0675 | 4.0778 | 4.0979 |
Camarilla | 4.0487 | 4.0515 | 4.0543 | 4.0571 | 4.0599 | 4.0627 | 4.0655 |
Woodie | 4.0115 | 4.0195 | 4.0419 | 4.0499 | 4.0723 | 4.0803 | 4.1027 |
Fibonacci | 4.0170 | 4.0287 | 4.0358 | 4.0474 | 4.0591 | 4.0662 | 4.0778 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3.9939 | 4.0170 | 4.0425 | 4.0656 | 4.0911 | 4.1142 | 4.1397 |
Camarilla | 4.0547 | 4.0592 | 4.0637 | 4.0681 | 4.0726 | 4.0770 | 4.0815 |
Woodie | 3.9952 | 4.0176 | 4.0438 | 4.0662 | 4.0924 | 4.1148 | 4.1410 |
Fibonacci | 4.0170 | 4.0355 | 4.0470 | 4.0656 | 4.0841 | 4.0956 | 4.1142 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3.8481 | 3.9003 | 3.9842 | 4.0364 | 4.1203 | 4.1725 | 4.2564 |
Camarilla | 4.0307 | 4.0432 | 4.0556 | 4.0681 | 4.0806 | 4.0931 | 4.1055 |
Woodie | 3.8640 | 3.9082 | 4.0001 | 4.0443 | 4.1362 | 4.1804 | 4.2723 |
Fibonacci | 3.9003 | 3.9523 | 3.9844 | 4.0364 | 4.0884 | 4.1205 | 4.1725 |
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.
About author
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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