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 06/14/2023 (GMT)

  • 142
  • 0
  • Timeframe : 1H
  • - Analysis generated on
  • Status : NEUTRAL

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Bullish
Underlying: Neutral
Technical indicators
61%
11%
28%
My opinion
Neutral between 0.02964 PLN and 0.02989 PLN
My targets
-
My analysis
The basic trend is neutral and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 0.02989 PLN. The first support is located at 0.02964 PLN. However, the chances of finding the first resistance before the first support are slightly higher. Without a basic trend, it is be important to monitor the price response at these levels. A bullish break in resistance or a bearish break in support could provide a signal that would set a new direction for the basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by JPY/PLN.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

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.

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 0.02971 PLN. On the day, this instrument gained +0.14% and was between 0.02966 PLN and 0.02973 PLN. This implies that the price is at +0.17% from its lowest and at -0.07% from its highest.

0.02966
0.02973
0.02971

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 not clearly defined. The slightly bullish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bullish trend. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

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 resistance of channel

Type : Bearish

Timeframe : 1 hour


Near horizontal support

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 0.02787 0.02953 0.02964 0.02971 0.02989 0.03000 0.03018
Change (%) -6.19% -0.61% -0.24% - +0.61% +0.98% +1.58%
Change -0.00184 -0.00018 -0.00007 - +0.00018 +0.00029 +0.00047
Level Intermediate Intermediate Minor - Major Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.029280.029400.029540.029660.029800.029920.03006
Camarilla0.029600.029620.029650.029670.029690.029720.02974
Woodie0.029280.029410.029540.029670.029800.029930.03006
Fibonacci0.029400.029500.029560.029660.029760.029820.02992


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.028790.029170.029410.029790.030030.030410.03065
Camarilla0.029470.029530.029580.029640.029700.029750.02981
Woodie0.028710.029140.029330.029760.029950.030380.03057
Fibonacci0.029170.029410.029560.029790.030030.030180.03041


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.028610.029260.029850.030500.031090.031740.03233
Camarilla0.030090.030200.030320.030430.030540.030660.03077
Woodie0.028570.029250.029810.030490.031050.031730.03229
Fibonacci0.029260.029740.030030.030500.030980.031270.03174

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): 63.28
MACD (12,26,9): 0.0000
Directional Movement: 5.06589
AROON (14): -64.28571
DEMA (21): 0.02968
Parabolic SAR (0,02-0,02-0,2): 0.02960
Elder Ray (13): 0.00004
Super Trend (3,10): 0.02957
Zig ZAG (10): 0.02973
VORTEX (21): 1.1301
Stochastique (14,3,5): 60.47
TEMA (21): 0.02970
Williams %R (14): -13.33
Chande Momentum Oscillator (20): 0.00008
Repulse (5,40,3): 0.2656
ROCnROLL: 1
TRIX (15,9): 0.0051
Courbe Coppock: 0.00
MA7: 0.02978
MA20: 0.03003
MA50: 0.03070
MA100: 0.03185
MAexp7: 0.02968
MAexp20: 0.02966
MAexp50: 0.02966
MAexp100: 0.02973
Price / MA7: -0.24%
Price / MA20: -1.07%
Price / MA50: -3.22%
Price / MA100: -6.72%
Price / MAexp7: +0.10%
Price / MAexp20: +0.17%
Price / MAexp50: +0.17%
Price / MAexp100: -0.07%

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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