USD/PLN - 1H - Technical analysis published on 11/02/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 4.2106 PLN
My targets
4.2333 PLN (+0.0125)
4.2450 PLN (+0.0242)
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 4.2106 PLN remains possible. It is advisable to trade USD/PLN with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 4.2106 PLN. The next bullish objective for buyers is set at 4.2333 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.2450 PLN. If there is any crossing, the next objective would be the resistance located at 4.2557 PLN. PS: if there is a bearish break in the support located at 4.2106 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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Additional analysis
Quotes
The USD/PLN rating is 4.2208 PLN. On the day, this instrument lost -0.01% and was between 4.2195 PLN and 4.2225 PLN. This implies that the price is at +0.03% from its lowest and at -0.04% from its highest.4.2195
4.2225
4.2208
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 7 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 4.1800 | 4.2017 | 4.2106 | 4.2208 | 4.2225 | 4.2333 | 4.2450 |
| Change (%) | -0.97% | -0.45% | -0.24% | - | +0.04% | +0.30% | +0.57% |
| Change | -0.0408 | -0.0191 | -0.0102 | - | +0.0017 | +0.0125 | +0.0242 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | 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 | 4.1611 | 4.1859 | 4.2035 | 4.2283 | 4.2459 | 4.2707 | 4.2883 |
| Camarilla | 4.2095 | 4.2134 | 4.2173 | 4.2212 | 4.2251 | 4.2290 | 4.2329 |
| Woodie | 4.1576 | 4.1841 | 4.2000 | 4.2265 | 4.2424 | 4.2689 | 4.2848 |
| Fibonacci | 4.1859 | 4.2021 | 4.2121 | 4.2283 | 4.2445 | 4.2545 | 4.2707 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.0901 | 4.1298 | 4.1762 | 4.2159 | 4.2623 | 4.3020 | 4.3484 |
| Camarilla | 4.1988 | 4.2067 | 4.2146 | 4.2225 | 4.2304 | 4.2383 | 4.2462 |
| Woodie | 4.0934 | 4.1315 | 4.1795 | 4.2176 | 4.2656 | 4.3037 | 4.3517 |
| Fibonacci | 4.1298 | 4.1627 | 4.1830 | 4.2159 | 4.2488 | 4.2691 | 4.3020 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.8144 | 3.9883 | 4.1005 | 4.2744 | 4.3866 | 4.5605 | 4.6727 |
| Camarilla | 4.1340 | 4.1603 | 4.1865 | 4.2127 | 4.2389 | 4.2652 | 4.2914 |
| Woodie | 3.7836 | 3.9729 | 4.0697 | 4.2590 | 4.3558 | 4.5451 | 4.6419 |
| Fibonacci | 3.9883 | 4.0976 | 4.1651 | 4.2744 | 4.3837 | 4.4512 | 4.5605 |
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): | 48.75 | |
| MACD (12,26,9): | 0.0042 | |
| Directional Movement: | -0.7784 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 4.2338 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.2465 | |
| Elder Ray (13): | -0.0050 | |
| Super Trend (3,10): | 4.2189 | |
| Zig ZAG (10): | 4.2226 | |
| VORTEX (21): | 1.0257 | |
| Stochastique (14,3,5): | 25.34 | |
| TEMA (21): | 4.2327 | |
| Williams %R (14): | -91.99 | |
| Chande Momentum Oscillator (20): | -0.0097 | |
| Repulse (5,40,3): | -0.1901 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0245 | |
| Courbe Coppock: | 0.27 |
| MA7: | 4.2157 | |
| MA20: | 4.2452 | |
| MA50: | 4.2697 | |
| MA100: | 4.1600 | |
| MAexp7: | 4.2280 | |
| MAexp20: | 4.2269 | |
| MAexp50: | 4.2189 | |
| MAexp100: | 4.2162 | |
| Price / MA7: | +0.12% | |
| Price / MA20: | -0.57% | |
| Price / MA50: | -1.15% | |
| Price / MA100: | +1.46% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.11% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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