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JPY/PLN
JPY PLN
- PLN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: JPYPLN
ISIN:

JPY/PLN - 1H - Technical analysis published on 03/21/2023 (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
56%
6%
39%
My opinion
Bullish above 0.03331 PLN
My targets
0.03366 PLN (+0.00019)
0.03407 PLN (+0.00060)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on JPY/PLN as long as the price remains well above 0.03331 PLN. The buyers' bullish objective is set at 0.03366 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.03407 PLN. If there is any crossing, the next objective would be the resistance located at 0.03446 PLN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
7.7

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

JPY/PLN rating 0.03347 PLN. The price registered an increase of +0.24% on the session with the lowest point at 0.03334 PLN and the highest point at 0.03348 PLN. The deviation from the price is +0.39% for the low point and -0.03% for the high point.

0.03334
0.03348
0.03347

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


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 1H chart of JPY/PLN indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.03250 0.03306 0.03331 0.03347 0.03366 0.03407 0.03446
Change (%) -2.90% -1.22% -0.48% - +0.57% +1.79% +2.96%
Change -0.00097 -0.00041 -0.00016 - +0.00019 +0.00060 +0.00099
Level Major Intermediate Intermediate - Major Intermediate 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
Standard0.032310.032750.033070.033510.033830.034270.03459
Camarilla0.033180.033250.033320.033390.033460.033530.03360
Woodie0.032250.032720.033010.033480.033770.034240.03453
Fibonacci0.032750.033040.033220.033510.033800.033980.03427


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.031190.031770.032600.033180.034010.034590.03542
Camarilla0.033030.033160.033290.033420.033550.033680.03381
Woodie0.031310.031830.032720.033240.034130.034650.03554
Fibonacci0.031770.032310.032650.033180.033720.034060.03459


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.030070.031220.031930.033080.033790.034940.03565
Camarilla0.032130.032300.032470.032640.032810.032980.03315
Woodie0.029850.031110.031710.032970.033570.034830.03543
Fibonacci0.031220.031930.032370.033080.033790.034230.03494

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): 53.72
MACD (12,26,9): 0.0000
Directional Movement: 8.06039
AROON (14): -35.71429
DEMA (21): 0.03342
Parabolic SAR (0,02-0,02-0,2): 0.03355
Elder Ray (13): -0.00001
Super Trend (3,10): 0.03368
Zig ZAG (10): 0.03345
VORTEX (21): 1.0114
Stochastique (14,3,5): 36.60
TEMA (21): 0.03339
Williams %R (14): -44.12
Chande Momentum Oscillator (20): 0.00005
Repulse (5,40,3): 0.3048
ROCnROLL: 1
TRIX (15,9): 0.0040
Courbe Coppock: 0.88
MA7: 0.03319
MA20: 0.03280
MA50: 0.03320
MA100: 0.03295
MAexp7: 0.03341
MAexp20: 0.03341
MAexp50: 0.03336
MAexp100: 0.03323
Price / MA7: +0.84%
Price / MA20: +2.04%
Price / MA50: +0.81%
Price / MA100: +1.58%
Price / MAexp7: +0.18%
Price / MAexp20: +0.18%
Price / MAexp50: +0.33%
Price / MAexp100: +0.72%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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