CHF/PLN - 1H - Technical analysis published on 11/01/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
94%
0%
6%
My opinion
Bullish above 4.6424 PLN
My targets
4.6850 PLN (+0.0243)
4.7209 PLN (+0.0602)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for CHF/PLN as long as the price remains well above 4.6424 PLN. The buyers' bullish objective is set at 4.6850 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.7209 PLN. If there is any crossing, the next objective would be the resistance located at 4.7468 PLN.
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
0
10
4.5
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Additional analysis
Quotes
The CHF/PLN rating is 4.6607 PLN. The price has increased by +0.68% since the last closing with the lowest point at 4.6269 PLN and the highest point at 4.6611 PLN. The deviation from the price is +0.73% for the low point and -0.01% for the high point.4.6269
4.6611
4.6607
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical analysis of CHF/PLN in 1H shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.5953 | 4.6133 | 4.6424 | 4.6607 | 4.6624 | 4.6850 | 4.7209 |
| Change (%) | -1.40% | -1.02% | -0.39% | - | +0.04% | +0.52% | +1.29% |
| Change | -0.0654 | -0.0474 | -0.0183 | - | +0.0017 | +0.0243 | +0.0602 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5625 | 4.5879 | 4.6086 | 4.6340 | 4.6547 | 4.6801 | 4.7008 |
| Camarilla | 4.6166 | 4.6209 | 4.6251 | 4.6293 | 4.6335 | 4.6378 | 4.6420 |
| Woodie | 4.5602 | 4.5867 | 4.6063 | 4.6328 | 4.6524 | 4.6789 | 4.6985 |
| Fibonacci | 4.5879 | 4.6055 | 4.6164 | 4.6340 | 4.6516 | 4.6625 | 4.6801 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5712 | 4.6184 | 4.6483 | 4.6955 | 4.7254 | 4.7726 | 4.8025 |
| Camarilla | 4.6570 | 4.6641 | 4.6711 | 4.6782 | 4.6853 | 4.6923 | 4.6994 |
| Woodie | 4.5626 | 4.6141 | 4.6397 | 4.6912 | 4.7168 | 4.7683 | 4.7939 |
| Fibonacci | 4.6184 | 4.6479 | 4.6661 | 4.6955 | 4.7250 | 4.7432 | 4.7726 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3436 | 4.4784 | 4.5539 | 4.6887 | 4.7642 | 4.8990 | 4.9745 |
| Camarilla | 4.5715 | 4.5908 | 4.6100 | 4.6293 | 4.6486 | 4.6679 | 4.6871 |
| Woodie | 4.3139 | 4.4636 | 4.5242 | 4.6739 | 4.7345 | 4.8842 | 4.9448 |
| Fibonacci | 4.4784 | 4.5588 | 4.6084 | 4.6887 | 4.7691 | 4.8187 | 4.8990 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 70.47 | |
| MACD (12,26,9): | 0.0031 | |
| Directional Movement: | 17.8179 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 4.6422 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.6327 | |
| Elder Ray (13): | 0.0155 | |
| Super Trend (3,10): | 4.6356 | |
| Zig ZAG (10): | 4.6604 | |
| VORTEX (21): | 1.2568 | |
| Stochastique (14,3,5): | 97.06 | |
| TEMA (21): | 4.6502 | |
| Williams %R (14): | -2.47 | |
| Chande Momentum Oscillator (20): | 0.0309 | |
| Repulse (5,40,3): | 0.3635 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0019 | |
| Courbe Coppock: | 0.77 |
| MA7: | 4.6772 | |
| MA20: | 4.7097 | |
| MA50: | 4.7472 | |
| MA100: | 4.6752 | |
| MAexp7: | 4.6477 | |
| MAexp20: | 4.6398 | |
| MAexp50: | 4.6453 | |
| MAexp100: | 4.6604 | |
| Price / MA7: | -0.35% | |
| Price / MA20: | -1.04% | |
| Price / MA50: | -1.82% | |
| Price / MA100: | -0.31% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +0.45% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +0.01% |
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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