CHF/PLN - 1H - Technical analysis published on 12/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 4.5764 PLN
My targets
4.6079 PLN (+0.0092)
4.6624 PLN (+0.0637)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CHF/PLN. As long as you are above the support located at 4.5764 PLN, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 4.6079 PLN would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 4.6624 PLN as an objective. Crossing it would then enable buyers to target 4.7468 PLN. If the support 4.5764 PLN were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/PLN price is 4.5987 PLN. The price is lower by -0.06% since the last closing and was between 4.5870 PLN and 4.6085 PLN. This implies that the price is at +0.26% from its lowest and at -0.21% from its highest.4.5870
4.6085
4.5987
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
Here is a more detailed summary of the historical variations registered by CHF/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
Technical analysis of CHF/PLN in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative 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.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.5610 | 4.5764 | 4.5960 | 4.5987 | 4.6079 | 4.6624 | 4.7468 |
| Change (%) | -0.82% | -0.48% | -0.06% | - | +0.20% | +1.39% | +3.22% |
| Change | -0.0377 | -0.0223 | -0.0027 | - | +0.0092 | +0.0637 | +0.1481 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5505 | 4.5632 | 4.5824 | 4.5951 | 4.6143 | 4.6270 | 4.6462 |
| Camarilla | 4.5927 | 4.5957 | 4.5986 | 4.6015 | 4.6044 | 4.6074 | 4.6103 |
| Woodie | 4.5537 | 4.5648 | 4.5856 | 4.5967 | 4.6175 | 4.6286 | 4.6494 |
| Fibonacci | 4.5632 | 4.5754 | 4.5830 | 4.5951 | 4.6073 | 4.6149 | 4.6270 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4389 | 4.4771 | 4.5235 | 4.5617 | 4.6081 | 4.6463 | 4.6927 |
| Camarilla | 4.5465 | 4.5543 | 4.5621 | 4.5698 | 4.5776 | 4.5853 | 4.5931 |
| Woodie | 4.4429 | 4.4792 | 4.5275 | 4.5638 | 4.6121 | 4.6484 | 4.6967 |
| Fibonacci | 4.4771 | 4.5095 | 4.5294 | 4.5617 | 4.5941 | 4.6140 | 4.6463 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2621 | 4.3677 | 4.4678 | 4.5734 | 4.6735 | 4.7791 | 4.8792 |
| Camarilla | 4.5113 | 4.5302 | 4.5490 | 4.5679 | 4.5868 | 4.6056 | 4.6245 |
| Woodie | 4.2594 | 4.3663 | 4.4651 | 4.5720 | 4.6708 | 4.7777 | 4.8765 |
| Fibonacci | 4.3677 | 4.4463 | 4.4948 | 4.5734 | 4.6520 | 4.7005 | 4.7791 |
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): | 45.87 | |
| MACD (12,26,9): | 0.0018 | |
| Directional Movement: | -1.4495 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 4.6034 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5912 | |
| Elder Ray (13): | -0.0036 | |
| Super Trend (3,10): | 4.5839 | |
| Zig ZAG (10): | 4.5977 | |
| VORTEX (21): | 0.9919 | |
| Stochastique (14,3,5): | 58.45 | |
| TEMA (21): | 4.6013 | |
| Williams %R (14): | -48.84 | |
| Chande Momentum Oscillator (20): | -0.0023 | |
| Repulse (5,40,3): | -0.0656 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0096 | |
| Courbe Coppock: | 0.02 |
| MA7: | 4.5670 | |
| MA20: | 4.5610 | |
| MA50: | 4.6016 | |
| MA100: | 4.6685 | |
| MAexp7: | 4.6008 | |
| MAexp20: | 4.6001 | |
| MAexp50: | 4.5933 | |
| MAexp100: | 4.5843 | |
| Price / MA7: | +0.69% | |
| Price / MA20: | +0.83% | |
| Price / MA50: | -0.06% | |
| Price / MA100: | -1.50% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.31% |
Quotes :
-
Real time data
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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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