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CAD/PLN
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 12/06/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 2.9548 PLN
My targets
2.9754 PLN (+0.0117)
2.9942 PLN (+0.0305)
My analysis
The bullish trend is currently very strong on CAD/PLN. As long as the price remains above the support at 2.9548 PLN, you could try to benefit from the boom. The first bullish objective is located at 2.9754 PLN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.9942 PLN as an objective. Crossing it would then enable buyers to target 3.0238 PLN. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

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
0
10
9.1

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/PLN rating is 2.9637 PLN. On the day, this instrument gained +0.57% and was between 2.9457 PLN and 2.9644 PLN. This implies that the price is at +0.61% from its lowest and at -0.02% from its highest.

2.9457
2.9644
2.9637

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

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

Central Records

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 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 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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 these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.9301 2.9489 2.9548 2.9637 2.9654 2.9942 3.0238
Change (%) -1.13% -0.50% -0.30% - +0.06% +1.03% +2.03%
Change -0.0336 -0.0148 -0.0089 - +0.0017 +0.0305 +0.0601
Level Intermediate Minor Intermediate - Intermediate Minor Major



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
Standard2.91062.92282.93492.94712.95922.97142.9835
Camarilla2.94022.94252.94472.94692.94912.95142.9536
Woodie2.91052.92282.93482.94712.95912.97142.9834
Fibonacci2.92282.93212.93792.94712.95642.96222.9714


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.83062.86112.90302.93352.97543.00593.0478
Camarilla2.92512.93172.93842.94502.95162.95832.9649
Woodie2.83642.86402.90882.93642.98123.00883.0536
Fibonacci2.86112.88872.90582.93352.96112.97823.0059


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.68792.78702.86712.96623.04633.14543.2255
Camarilla2.89802.91452.93092.94732.96372.98022.9966
Woodie2.67852.78232.85772.96153.03693.14073.2161
Fibonacci2.78702.85542.89772.96623.03463.07693.1454

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): 66.22
MACD (12,26,9): 0.0027
Directional Movement: 18.3473
AROON (14): 100.0000
DEMA (21): 2.9551
Parabolic SAR (0,02-0,02-0,2): 2.9487
Elder Ray (13): 0.0072
Super Trend (3,10): 2.9455
Zig ZAG (10): 2.9621
VORTEX (21): 1.1895
Stochastique (14,3,5): 88.37
TEMA (21): 2.9576
Williams %R (14): -7.49
Chande Momentum Oscillator (20): 0.0153
Repulse (5,40,3): 0.2621
ROCnROLL: 1
TRIX (15,9): 0.0053
Courbe Coppock: 0.50
MA7: 2.9369
MA20: 2.9429
MA50: 3.0406
MA100: 3.0652
MAexp7: 2.9568
MAexp20: 2.9522
MAexp50: 2.9494
MAexp100: 2.9444
Price / MA7: +0.91%
Price / MA20: +0.71%
Price / MA50: -2.53%
Price / MA100: -3.31%
Price / MAexp7: +0.23%
Price / MAexp20: +0.39%
Price / MAexp50: +0.48%
Price / MAexp100: +0.66%

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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Londinia AI

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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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