CAD/PLN

- PLN (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	CADPLN
ISIN:

CAD/PLN - 1H - Technical analysis published on 04/16/2024 (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

78%

22%

My opinion

Bullish above 2.9326 PLN

My targets

2.9635 PLN (+0.0163)

2.9945 PLN (+0.0473)

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 2.9326 PLN. The buyers' bullish objective is set at 2.9635 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.9945 PLN. If there is any crossing, the next objective would be the resistance located at 3.0238 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

8.6

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 2.9472 PLN. The price registered an increase of +0.28% on the session and was traded between 2.9379 PLN and 2.9477 PLN over the period. The price is currently at +0.32% from its lowest and -0.02% from its highest.

2.9379

2.9477

2.9472

Here is a more detailed summary of the historical variations registered by CAD/PLN:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

Technical analysis of this 1H chart of CAD/PLN indicates that the overall trend is strongly bullish. 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 does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

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	2.8971	2.9082	2.9326	2.9472	2.9474	3.0238	3.0528
Change (%)	-1.70%	-1.32%	-0.50%	-	+0.01%	+2.60%	+3.58%
Change	-0.0501	-0.0390	-0.0146	-	+0.0002	+0.0766	+0.1056
Level	Major	Intermediate	Intermediate	-	Major	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.8943	2.9051	2.9220	2.9328	2.9497	2.9605	2.9774
Camarilla	2.9313	2.9338	2.9364	2.9389	2.9414	2.9440	2.9465
Woodie	2.8974	2.9066	2.9251	2.9343	2.9528	2.9620	2.9805
Fibonacci	2.9051	2.9157	2.9222	2.9328	2.9434	2.9499	2.9605

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.8463	2.8647	2.8957	2.9141	2.9451	2.9635	2.9945
Camarilla	2.9132	2.9177	2.9223	2.9268	2.9313	2.9359	2.9404
Woodie	2.8527	2.8679	2.9021	2.9173	2.9515	2.9667	3.0009
Fibonacci	2.8647	2.8835	2.8952	2.9141	2.9329	2.9446	2.9635

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.8490	2.8732	2.9055	2.9297	2.9620	2.9862	3.0185
Camarilla	2.9222	2.9273	2.9325	2.9377	2.9429	2.9481	2.9532
Woodie	2.8530	2.8752	2.9095	2.9317	2.9660	2.9882	3.0225
Fibonacci	2.8732	2.8948	2.9082	2.9297	2.9513	2.9647	2.9862

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):	71.73
MACD (12,26,9):	0.0049
Directional Movement:	21.7946
AROON (14):	92.8571
DEMA (21):	2.9421
Parabolic SAR (0,02-0,02-0,2):	2.9354
Elder Ray (13):	0.0038
Super Trend (3,10):	2.9290
Zig ZAG (10):	2.9451
VORTEX (21):	1.1351
Stochastique (14,3,5):	79.55
TEMA (21):	2.9425
Williams %R (14):	-4.30
Chande Momentum Oscillator (20):	0.0086
Repulse (5,40,3):	0.4154
ROCnROLL:	1
TRIX (15,9):	0.0250
Courbe Coppock:	0.79

MA7:	2.9148
MA20:	2.9260
MA50:	2.9380
MA100:	2.9519
MAexp7:	2.9405
MAexp20:	2.9353
MAexp50:	2.9261
MAexp100:	2.9185
Price / MA7:	+1.11%
Price / MA20:	+0.72%
Price / MA50:	+0.31%
Price / MA100:	-0.16%
Price / MAexp7:	+0.23%
Price / MAexp20:	+0.41%
Price / MAexp50:	+0.72%
Price / MAexp100:	+0.98%

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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