AUD/PLN - 1H - Technical analysis published on 07/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 2.7401 PLN
My targets
2.7711 PLN (+0.0251)
2.7894 PLN (+0.0434)
My analysis
AUD/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 2.7401 PLN. The next resistance located at 2.7711 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 2.7894 PLN. After this resistance, buyers could then target 2.8187 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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Additional analysis
Quotes
AUD/PLN rating 2.7460 PLN. On the day, this instrument gained +0.32% and was traded between 2.7350 PLN and 2.7462 PLN over the period. The price is currently at +0.40% from its lowest and -0.01% from its highest.2.7350
2.7462
2.7460
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 LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/PLN chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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, 17 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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
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 | 2.7246 | 2.7285 | 2.7401 | 2.7460 | 2.8187 | 2.9229 | 3.0282 |
| Change (%) | -0.78% | -0.64% | -0.21% | - | +2.65% | +6.44% | +10.28% |
| Change | -0.0214 | -0.0175 | -0.0059 | - | +0.0727 | +0.1769 | +0.2822 |
| Level | Minor | Minor | Intermediate | - | Major | Intermediate | 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 | 2.6992 | 2.7079 | 2.7226 | 2.7313 | 2.7460 | 2.7547 | 2.7694 |
| Camarilla | 2.7308 | 2.7329 | 2.7351 | 2.7372 | 2.7394 | 2.7415 | 2.7436 |
| Woodie | 2.7021 | 2.7094 | 2.7255 | 2.7328 | 2.7489 | 2.7562 | 2.7723 |
| Fibonacci | 2.7079 | 2.7169 | 2.7224 | 2.7313 | 2.7403 | 2.7458 | 2.7547 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.6460 | 2.6672 | 2.6877 | 2.7089 | 2.7294 | 2.7506 | 2.7711 |
| Camarilla | 2.6968 | 2.7007 | 2.7045 | 2.7083 | 2.7121 | 2.7160 | 2.7198 |
| Woodie | 2.6458 | 2.6670 | 2.6875 | 2.7087 | 2.7292 | 2.7504 | 2.7709 |
| Fibonacci | 2.6672 | 2.6831 | 2.6929 | 2.7089 | 2.7248 | 2.7346 | 2.7506 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.5260 | 2.6072 | 2.6577 | 2.7389 | 2.7894 | 2.8706 | 2.9211 |
| Camarilla | 2.6721 | 2.6842 | 2.6962 | 2.7083 | 2.7204 | 2.7325 | 2.7445 |
| Woodie | 2.5108 | 2.5995 | 2.6425 | 2.7312 | 2.7742 | 2.8629 | 2.9059 |
| Fibonacci | 2.6072 | 2.6575 | 2.6886 | 2.7389 | 2.7892 | 2.8203 | 2.8706 |
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): | 72.19 | |
| MACD (12,26,9): | 0.0045 | |
| Directional Movement: | 15.4399 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 2.7404 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.7304 | |
| Elder Ray (13): | 0.0053 | |
| Super Trend (3,10): | 2.7284 | |
| Zig ZAG (10): | 2.7454 | |
| VORTEX (21): | 1.1509 | |
| Stochastique (14,3,5): | 95.17 | |
| TEMA (21): | 2.7419 | |
| Williams %R (14): | -0.43 | |
| Chande Momentum Oscillator (20): | 0.0103 | |
| Repulse (5,40,3): | 0.4145 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0214 | |
| Courbe Coppock: | 0.83 |
| MA7: | 2.7200 | |
| MA20: | 2.7500 | |
| MA50: | 2.7639 | |
| MA100: | 2.8351 | |
| MAexp7: | 2.7393 | |
| MAexp20: | 2.7346 | |
| MAexp50: | 2.7273 | |
| MAexp100: | 2.7219 | |
| Price / MA7: | +0.96% | |
| Price / MA20: | -0.15% | |
| Price / MA50: | -0.65% | |
| Price / MA100: | -3.14% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +0.42% | |
| Price / MAexp50: | +0.69% | |
| Price / MAexp100: | +0.89% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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