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 01/12/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 2.9649 PLN

My targets

2.9913 PLN (+0.0159)

2.9956 PLN (+0.0202)

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 2.9649 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 2.9956 PLN. If there is any crossing, the next objective would be the resistance located at 3.0022 PLN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.2

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 rating is 2.9754 PLN. On the day, this instrument gained +0.40% and was traded between 2.9611 PLN and 2.9810 PLN over the period. The price is currently at +0.48% from its lowest and -0.19% from its highest.

2.9611

2.9810

2.9754

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

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 for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

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. This strongly bullish trend is supported by the strong bullish signals 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.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

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	2.9589	2.9649	2.9734	2.9754	2.9913	2.9956	3.0022
Change (%)	-0.55%	-0.35%	-0.07%	-	+0.53%	+0.68%	+0.90%
Change	-0.0165	-0.0105	-0.0020	-	+0.0159	+0.0202	+0.0268
Level	Minor	Minor	Major	-	Minor	Major	Minor

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	2.9305	2.9412	2.9523	2.9630	2.9741	2.9848	2.9959
Camarilla	2.9575	2.9595	2.9615	2.9635	2.9655	2.9675	2.9695
Woodie	2.9308	2.9413	2.9526	2.9631	2.9744	2.9849	2.9962
Fibonacci	2.9412	2.9495	2.9546	2.9630	2.9713	2.9764	2.9848

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.9220	2.9434	2.9594	2.9808	2.9968	3.0182	3.0342
Camarilla	2.9651	2.9685	2.9720	2.9754	2.9788	2.9823	2.9857
Woodie	2.9193	2.9421	2.9567	2.9795	2.9941	3.0169	3.0315
Fibonacci	2.9434	2.9577	2.9665	2.9808	2.9951	3.0039	3.0182

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	70.94
MACD (12,26,9):	0.0032
Directional Movement:	21.5738
AROON (14):	92.8571
DEMA (21):	2.9704
Parabolic SAR (0,02-0,02-0,2):	2.9600
Elder Ray (13):	0.0096
Super Trend (3,10):	2.9637
Zig ZAG (10):	2.9765
VORTEX (21):	1.1477
Stochastique (14,3,5):	86.66
TEMA (21):	2.9733
Williams %R (14):	-21.76
Chande Momentum Oscillator (20):	0.0127
Repulse (5,40,3):	0.0853
ROCnROLL:	1
TRIX (15,9):	0.0080
Courbe Coppock:	0.55

MA7:	2.9680
MA20:	2.9654
MA50:	2.9614
MA100:	3.0476
MAexp7:	2.9717
MAexp20:	2.9670
MAexp50:	2.9648
MAexp100:	2.9659
Price / MA7:	+0.25%
Price / MA20:	+0.34%
Price / MA50:	+0.47%
Price / MA100:	-2.37%
Price / MAexp7:	+0.12%
Price / MAexp20:	+0.28%
Price / MAexp50:	+0.36%
Price / MAexp100:	+0.32%

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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Londinia AI

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