CAD/PLN - 1H - Technical analysis published on 12/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 2.9664 PLN
My targets
2.9913 PLN (+0.0201)
3.0238 PLN (+0.0526)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/PLN as long as the price remains well above 2.9664 PLN. The buyers' bullish objective is set at 2.9913 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.0238 PLN. If there is any crossing, the next objective would be the resistance located at 3.1353 PLN. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.4
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Additional analysis
Quotes
The CAD/PLN rating is 2.9712 PLN. On the day, this instrument lost -0.02% with the lowest point at 2.9595 PLN and the highest point at 2.9856 PLN. The deviation from the price is +0.40% for the low point and -0.48% for the high point.2.9595
2.9856
2.9712
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/PLN:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/PLN chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
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 | 2.9472 | 2.9620 | 2.9664 | 2.9712 | 2.9724 | 3.0238 | 3.1353 |
| Change (%) | -0.81% | -0.31% | -0.16% | - | +0.04% | +1.77% | +5.52% |
| Change | -0.0240 | -0.0092 | -0.0048 | - | +0.0012 | +0.0526 | +0.1641 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.8873 | 2.9057 | 2.9387 | 2.9571 | 2.9901 | 3.0085 | 3.0415 |
| Camarilla | 2.9576 | 2.9623 | 2.9670 | 2.9717 | 2.9764 | 2.9811 | 2.9858 |
| Woodie | 2.8946 | 2.9094 | 2.9460 | 2.9608 | 2.9974 | 3.0122 | 3.0488 |
| Fibonacci | 2.9057 | 2.9253 | 2.9375 | 2.9571 | 2.9767 | 2.9889 | 3.0085 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.8811 | 2.9008 | 2.9362 | 2.9559 | 2.9913 | 3.0110 | 3.0464 |
| Camarilla | 2.9566 | 2.9616 | 2.9667 | 2.9717 | 2.9768 | 2.9818 | 2.9869 |
| Woodie | 2.8891 | 2.9047 | 2.9442 | 2.9598 | 2.9993 | 3.0149 | 3.0544 |
| Fibonacci | 2.9008 | 2.9218 | 2.9348 | 2.9559 | 2.9769 | 2.9899 | 3.0110 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.6879 | 2.7870 | 2.8671 | 2.9662 | 3.0463 | 3.1454 | 3.2255 |
| Camarilla | 2.8980 | 2.9145 | 2.9309 | 2.9473 | 2.9637 | 2.9802 | 2.9966 |
| Woodie | 2.6785 | 2.7823 | 2.8577 | 2.9615 | 3.0369 | 3.1407 | 3.2161 |
| Fibonacci | 2.7870 | 2.8554 | 2.8977 | 2.9662 | 3.0346 | 3.0769 | 3.1454 |
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): | 56.62 | |
| MACD (12,26,9): | 0.0053 | |
| Directional Movement: | 9.6744 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 2.9766 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.9610 | |
| Elder Ray (13): | 0.0017 | |
| Super Trend (3,10): | 2.9585 | |
| Zig ZAG (10): | 2.9713 | |
| VORTEX (21): | 1.0672 | |
| Stochastique (14,3,5): | 55.56 | |
| TEMA (21): | 2.9756 | |
| Williams %R (14): | -57.85 | |
| Chande Momentum Oscillator (20): | -0.0024 | |
| Repulse (5,40,3): | -0.2541 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0315 | |
| Courbe Coppock: | 0.04 |
| MA7: | 2.9517 | |
| MA20: | 2.9398 | |
| MA50: | 3.0000 | |
| MA100: | 3.0584 | |
| MAexp7: | 2.9726 | |
| MAexp20: | 2.9688 | |
| MAexp50: | 2.9587 | |
| MAexp100: | 2.9538 | |
| Price / MA7: | +0.66% | |
| Price / MA20: | +1.07% | |
| Price / MA50: | -0.96% | |
| Price / MA100: | -2.85% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.42% | |
| Price / MAexp100: | +0.58% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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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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