USD/PLN - Daily - Technical analysis published on 08/24/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
78%
0%
22%
My opinion
Bullish above 4.0342 PLN
My targets
4.1975 PLN (+0.0859)
4.2695 PLN (+0.1579)
My analysis
The current short-term bullish acceleration on USD/PLN should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 4.0342 PLN. Short-term buyers will use the resistance located at 4.1975 PLN as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 4.2695 PLN. Crossing this resistance would then open the door for buyers to target 4.3631 PLN. Caution, if there is a return to under 4.0342 PLN, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.3
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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 USD/PLN rating is 4.1116 PLN. On the day, this instrument lost -0.01% with the lowest point at 4.1084 PLN and the highest point at 4.1136 PLN. The deviation from the price is +0.08% for the low point and -0.05% for the high point.4.1084
4.1136
4.1116
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 USD/PLN:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of USD/PLN indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
In fact, 14 technical indicators on 18 studied are currently positioned bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
Bullish harami cross
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.9017 | 3.9530 | 4.0342 | 4.1116 | 4.1158 | 4.1975 | 4.2695 |
| Change (%) | -5.11% | -3.86% | -1.88% | - | +0.10% | +2.09% | +3.84% |
| Change | -0.2099 | -0.1586 | -0.0774 | - | +0.0042 | +0.0859 | +0.1579 |
| Level | Major | Minor | Minor | - | Major | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.0552 | 4.0805 | 4.0961 | 4.1214 | 4.1370 | 4.1623 | 4.1779 |
| Camarilla | 4.1006 | 4.1043 | 4.1081 | 4.1118 | 4.1156 | 4.1193 | 4.1231 |
| Woodie | 4.0505 | 4.0781 | 4.0914 | 4.1190 | 4.1323 | 4.1599 | 4.1732 |
| Fibonacci | 4.0805 | 4.0961 | 4.1057 | 4.1214 | 4.1370 | 4.1466 | 4.1623 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.9661 | 4.0043 | 4.0538 | 4.0920 | 4.1415 | 4.1797 | 4.2292 |
| Camarilla | 4.0791 | 4.0871 | 4.0952 | 4.1032 | 4.1112 | 4.1193 | 4.1273 |
| Woodie | 3.9717 | 4.0071 | 4.0594 | 4.0948 | 4.1471 | 4.1825 | 4.2348 |
| Fibonacci | 4.0043 | 4.0378 | 4.0585 | 4.0920 | 4.1255 | 4.1462 | 4.1797 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.6919 | 3.8138 | 3.9097 | 4.0316 | 4.1275 | 4.2494 | 4.3453 |
| Camarilla | 3.9458 | 3.9658 | 3.9857 | 4.0057 | 4.0257 | 4.0456 | 4.0656 |
| Woodie | 3.6790 | 3.8073 | 3.8968 | 4.0251 | 4.1146 | 4.2429 | 4.3324 |
| Fibonacci | 3.8138 | 3.8970 | 3.9484 | 4.0316 | 4.1148 | 4.1662 | 4.2494 |
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): | 60.43 | |
| MACD (12,26,9): | 0.0201 | |
| Directional Movement: | 12.2843 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 4.1021 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.0585 | |
| Elder Ray (13): | 0.0188 | |
| Super Trend (3,10): | 4.0059 | |
| Zig ZAG (10): | 4.1125 | |
| VORTEX (21): | 1.1436 | |
| Stochastique (14,3,5): | 79.51 | |
| TEMA (21): | 4.1267 | |
| Williams %R (14): | -26.32 | |
| Chande Momentum Oscillator (20): | 0.0403 | |
| Repulse (5,40,3): | 0.0840 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0535 | |
| Courbe Coppock: | 3.38 |
| MA7: | 4.1107 | |
| MA20: | 4.0715 | |
| MA50: | 4.0511 | |
| MA100: | 4.1170 | |
| MAexp7: | 4.1061 | |
| MAexp20: | 4.0799 | |
| MAexp50: | 4.0790 | |
| MAexp100: | 4.1380 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | +0.98% | |
| Price / MA50: | +1.49% | |
| Price / MA100: | -0.13% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.78% | |
| Price / MAexp50: | +0.80% | |
| Price / MAexp100: | -0.64% |
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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