Londinia Opportunities Analyses - 09/26/2022 (GMT) CAD/PLN - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 3.6160 PLN
My targets
3.6412 PLN (+0.0161)
3.6585 PLN (+0.0334)
My analysis
CAD/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 3.6160 PLN. The next resistance located at 3.6412 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 3.6585 PLN. After this resistance, buyers could then target 3.7058 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
8.4
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
CAD/PLN rating 3.6251 PLN. The price registered an increase of +0.58% on the session and was traded between 3.5934 PLN and 3.6490 PLN over the period. The price is currently at +0.88% from its lowest and -0.65% from its highest.3.5934
3.6490
3.6251
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAD/PLN in 1H shows a strongly overall 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Williams %R indicator is back over -50
Type : Bullish
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
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.5761 | 3.6009 | 3.6160 | 3.6251 | 3.6259 | 3.6585 | 3.7058 |
| Change (%) | -1.35% | -0.67% | -0.25% | - | +0.02% | +0.92% | +2.23% |
| Change | -0.0490 | -0.0242 | -0.0091 | - | +0.0008 | +0.0334 | +0.0807 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.5274 | 3.5489 | 3.5765 | 3.5980 | 3.6256 | 3.6471 | 3.6747 |
| Camarilla | 3.5907 | 3.5952 | 3.5997 | 3.6042 | 3.6087 | 3.6132 | 3.6177 |
| Woodie | 3.5306 | 3.5504 | 3.5797 | 3.5995 | 3.6288 | 3.6486 | 3.6779 |
| Fibonacci | 3.5489 | 3.5676 | 3.5792 | 3.5980 | 3.6167 | 3.6283 | 3.6471 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.4628 | 3.4997 | 3.5520 | 3.5889 | 3.6412 | 3.6781 | 3.7304 |
| Camarilla | 3.5797 | 3.5879 | 3.5960 | 3.6042 | 3.6124 | 3.6206 | 3.6287 |
| Woodie | 3.4704 | 3.5036 | 3.5596 | 3.5928 | 3.6488 | 3.6820 | 3.7380 |
| Fibonacci | 3.4997 | 3.5338 | 3.5549 | 3.5889 | 3.6230 | 3.6441 | 3.6781 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3314 | 3.4323 | 3.5066 | 3.6075 | 3.6818 | 3.7827 | 3.8570 |
| Camarilla | 3.5327 | 3.5488 | 3.5648 | 3.5809 | 3.5970 | 3.6130 | 3.6291 |
| Woodie | 3.3181 | 3.4257 | 3.4933 | 3.6009 | 3.6685 | 3.7761 | 3.8437 |
| Fibonacci | 3.4323 | 3.4992 | 3.5406 | 3.6075 | 3.6744 | 3.7158 | 3.7827 |
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): | 59.69 | |
| MACD (12,26,9): | 0.0079 | |
| Directional Movement: | 16.2098 | |
| AROON (14): | 21.4285 | |
| DEMA (21): | 3.6211 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.6062 | |
| Elder Ray (13): | 0.0067 | |
| Super Trend (3,10): | 3.5892 | |
| Zig ZAG (10): | 3.6249 | |
| VORTEX (21): | 1.0710 | |
| Stochastique (14,3,5): | 53.96 | |
| TEMA (21): | 3.6247 | |
| Williams %R (14): | -46.76 | |
| Chande Momentum Oscillator (20): | 0.0171 | |
| Repulse (5,40,3): | -0.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0255 | |
| Courbe Coppock: | 1.00 |
| MA7: | 3.5805 | |
| MA20: | 3.5906 | |
| MA50: | 3.6041 | |
| MA100: | 3.5360 | |
| MAexp7: | 3.6201 | |
| MAexp20: | 3.6115 | |
| MAexp50: | 3.6005 | |
| MAexp100: | 3.5900 | |
| Price / MA7: | +1.25% | |
| Price / MA20: | +0.96% | |
| Price / MA50: | +0.58% | |
| Price / MA100: | +2.52% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | +0.68% | |
| Price / MAexp100: | +0.98% |
Quotes :
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Real time data
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Forex