JPY/PLN - 1H - Technical analysis published on 05/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 0.03041 PLN
My targets
0.03075 PLN (+0.00023)
0.03091 PLN (+0.00039)
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 0.03041 PLN. The buyers' bullish objective is set at 0.03075 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.03091 PLN. If there is any crossing, the next objective would be the resistance located at 0.03103 PLN.
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
6.1
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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 JPY/PLN price is 0.03052 PLN. The price has increased by +0.26% since the last closing and was traded between 0.03043 PLN and 0.03054 PLN over the period. The price is currently at +0.30% from its lowest and -0.07% from its highest.0.03043
0.03054
0.03052
A study of price movements over other periods shows the following variations:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of JPY/PLN indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
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:
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 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.03022 | 0.03029 | 0.03041 | 0.03052 | 0.03052 | 0.03077 | 0.03091 |
| Change (%) | -0.98% | -0.75% | -0.36% | 0% | - | +0.82% | +1.28% |
| Change | -0.00030 | -0.00023 | -0.00011 | 0 | - | +0.00025 | +0.00039 |
| Level | Minor | Major | Major | Major | - | Minor | 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 | 0.03007 | 0.03018 | 0.03031 | 0.03042 | 0.03055 | 0.03066 | 0.03079 |
| Camarilla | 0.03037 | 0.03040 | 0.03042 | 0.03044 | 0.03046 | 0.03048 | 0.03051 |
| Woodie | 0.03008 | 0.03019 | 0.03032 | 0.03043 | 0.03056 | 0.03067 | 0.03080 |
| Fibonacci | 0.03018 | 0.03027 | 0.03033 | 0.03042 | 0.03051 | 0.03057 | 0.03066 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.02995 | 0.03024 | 0.03046 | 0.03075 | 0.03097 | 0.03126 | 0.03148 |
| Camarilla | 0.03055 | 0.03060 | 0.03064 | 0.03069 | 0.03074 | 0.03078 | 0.03083 |
| Woodie | 0.02993 | 0.03022 | 0.03044 | 0.03073 | 0.03095 | 0.03124 | 0.03146 |
| Fibonacci | 0.03024 | 0.03043 | 0.03055 | 0.03075 | 0.03094 | 0.03106 | 0.03126 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.02721 | 0.02881 | 0.02966 | 0.03126 | 0.03211 | 0.03371 | 0.03456 |
| Camarilla | 0.02984 | 0.03006 | 0.03029 | 0.03051 | 0.03074 | 0.03096 | 0.03118 |
| Woodie | 0.02684 | 0.02862 | 0.02929 | 0.03107 | 0.03174 | 0.03352 | 0.03419 |
| Fibonacci | 0.02881 | 0.02975 | 0.03032 | 0.03126 | 0.03220 | 0.03277 | 0.03371 |
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): | 65.01 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 11.53477 | |
| AROON (14): | 57.14286 | |
| DEMA (21): | 0.03050 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.03040 | |
| Elder Ray (13): | 0.00004 | |
| Super Trend (3,10): | 0.03039 | |
| Zig ZAG (10): | 0.03052 | |
| VORTEX (21): | 1.1020 | |
| Stochastique (14,3,5): | 86.97 | |
| TEMA (21): | 0.03051 | |
| Williams %R (14): | -7.69 | |
| Chande Momentum Oscillator (20): | 0.00004 | |
| Repulse (5,40,3): | 0.1089 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0147 | |
| Courbe Coppock: | 0.12 |
| MA7: | 0.03053 | |
| MA20: | 0.03072 | |
| MA50: | 0.03175 | |
| MA100: | 0.03249 | |
| MAexp7: | 0.03050 | |
| MAexp20: | 0.03046 | |
| MAexp50: | 0.03042 | |
| MAexp100: | 0.03045 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | -0.65% | |
| Price / MA50: | -3.87% | |
| Price / MA100: | -6.06% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +0.23% |
Quotes :
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Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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