CAD/PLN

- PLN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CADPLN
ISIN:

CAD/PLN - 1H - Technical analysis published on 01/02/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 2.9850 PLN

My targets

2.9977 PLN (+0.0075)

3.0238 PLN (+0.0336)

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 2.9850 PLN. The buyers' bullish objective is set at 2.9977 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. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

9.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CAD/PLN price is 2.9902 PLN. On the day, this instrument gained +0.61% and was between 2.9674 PLN and 2.9912 PLN. This implies that the price is at +0.77% from its lowest and at -0.03% from its highest.

2.9674

2.9912

2.9902

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

In fact, 17 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

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

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.9717	2.9776	2.9850	2.9902	3.0238	3.1353	3.1987
Change (%)	-0.62%	-0.42%	-0.17%	-	+1.12%	+4.85%	+6.97%
Change	-0.0185	-0.0126	-0.0052	-	+0.0336	+0.1451	+0.2085
Level	Major	Intermediate	Minor	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.9562	2.9616	2.9669	2.9723	2.9776	2.9830	2.9883
Camarilla	2.9692	2.9701	2.9711	2.9721	2.9731	2.9741	2.9750
Woodie	2.9561	2.9616	2.9668	2.9723	2.9775	2.9830	2.9882
Fibonacci	2.9616	2.9657	2.9683	2.9723	2.9764	2.9790	2.9830

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.9687	2.9698	2.9720	2.9731	2.9753	2.9764	2.9786
Camarilla	2.9733	2.9736	2.9739	2.9742	2.9745	2.9748	2.9751
Woodie	2.9693	2.9701	2.9726	2.9734	2.9759	2.9767	2.9792
Fibonacci	2.9698	2.9711	2.9718	2.9731	2.9744	2.9751	2.9764

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.8673	2.8938	2.9325	2.9590	2.9977	3.0242	3.0629
Camarilla	2.9532	2.9592	2.9651	2.9711	2.9771	2.9831	2.9890
Woodie	2.8733	2.8969	2.9385	2.9621	3.0037	3.0273	3.0689
Fibonacci	2.8938	2.9187	2.9341	2.9590	2.9839	2.9993	3.0242

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	66.05
MACD (12,26,9):	0.0021
Directional Movement:	15.3924
AROON (14):	92.8571
DEMA (21):	2.9790
Parabolic SAR (0,02-0,02-0,2):	2.9674
Elder Ray (13):	0.0094
Super Trend (3,10):	2.9708
Zig ZAG (10):	2.9885
VORTEX (21):	1.0777
Stochastique (14,3,5):	81.14
TEMA (21):	2.9802
Williams %R (14):	-7.47
Chande Momentum Oscillator (20):	0.0178
Repulse (5,40,3):	0.5492
ROCnROLL:	1
TRIX (15,9):	0.0049
Courbe Coppock:	0.40

MA7:	2.9689
MA20:	2.9595
MA50:	2.9704
MA100:	3.0514
MAexp7:	2.9802
MAexp20:	2.9766
MAexp50:	2.9732
MAexp100:	2.9699
Price / MA7:	+0.72%
Price / MA20:	+1.04%
Price / MA50:	+0.67%
Price / MA100:	-2.01%
Price / MAexp7:	+0.34%
Price / MAexp20:	+0.46%
Price / MAexp50:	+0.57%
Price / MAexp100:	+0.68%

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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