CAD/PLN - 1H - Technical analysis published on 09/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 3.1987 PLN
My targets
3.2266 PLN (+0.0057)
3.2473 PLN (+0.0264)
My analysis
The basic bullish trend is very strong on CAD/PLN but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 3.1987 PLN. Crossing the first resistance at 3.2266 PLN would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 3.2473 PLN as an objective. Crossing it would then enable buyers to target 3.2811 PLN. Caution, a return to below 3.1987 PLN would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.9
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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 CAD/PLN price is 3.2209 PLN. The price registered a decrease of -0.02% on the session and was between 3.2146 PLN and 3.2290 PLN. This implies that the price is at +0.20% from its lowest and at -0.25% from its highest.3.2146
3.2290
3.2209
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/PLN:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/PLN chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 7 are bullish, 7 are neutral and 4 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.1353 | 3.1701 | 3.1987 | 3.2209 | 3.2266 | 3.2811 | 3.3423 |
| Change (%) | -2.66% | -1.58% | -0.69% | - | +0.18% | +1.87% | +3.77% |
| Change | -0.0856 | -0.0508 | -0.0222 | - | +0.0057 | +0.0602 | +0.1214 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.1867 | 3.1958 | 3.2087 | 3.2178 | 3.2307 | 3.2398 | 3.2527 |
| Camarilla | 3.2155 | 3.2175 | 3.2195 | 3.2215 | 3.2235 | 3.2255 | 3.2276 |
| Woodie | 3.1885 | 3.1968 | 3.2105 | 3.2188 | 3.2325 | 3.2408 | 3.2545 |
| Fibonacci | 3.1958 | 3.2042 | 3.2094 | 3.2178 | 3.2262 | 3.2314 | 3.2398 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.1067 | 3.1324 | 3.1770 | 3.2027 | 3.2473 | 3.2730 | 3.3176 |
| Camarilla | 3.2022 | 3.2086 | 3.2151 | 3.2215 | 3.2279 | 3.2344 | 3.2408 |
| Woodie | 3.1161 | 3.1371 | 3.1864 | 3.2074 | 3.2567 | 3.2777 | 3.3270 |
| Fibonacci | 3.1324 | 3.1593 | 3.1759 | 3.2027 | 3.2296 | 3.2462 | 3.2730 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.9307 | 2.9608 | 3.0072 | 3.0373 | 3.0837 | 3.1138 | 3.1602 |
| Camarilla | 3.0325 | 3.0395 | 3.0465 | 3.0535 | 3.0605 | 3.0675 | 3.0745 |
| Woodie | 2.9388 | 2.9649 | 3.0153 | 3.0414 | 3.0918 | 3.1179 | 3.1683 |
| Fibonacci | 2.9608 | 2.9901 | 3.0081 | 3.0373 | 3.0666 | 3.0846 | 3.1138 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.70 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | -3.7508 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 3.2217 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.2168 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 3.2129 | |
| Zig ZAG (10): | 3.2202 | |
| VORTEX (21): | 1.1156 | |
| Stochastique (14,3,5): | 33.80 | |
| TEMA (21): | 3.2201 | |
| Williams %R (14): | -62.50 | |
| Chande Momentum Oscillator (20): | 0.0027 | |
| Repulse (5,40,3): | -0.0607 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0060 | |
| Courbe Coppock: | 0.05 |
| MA7: | 3.1981 | |
| MA20: | 3.1077 | |
| MA50: | 3.0601 | |
| MA100: | 3.0748 | |
| MAexp7: | 3.2203 | |
| MAexp20: | 3.2201 | |
| MAexp50: | 3.2151 | |
| MAexp100: | 3.2023 | |
| Price / MA7: | +0.71% | |
| Price / MA20: | +3.64% | |
| Price / MA50: | +5.25% | |
| Price / MA100: | +4.75% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.58% |
Quotes :
-
Real time data
-
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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