JPY/PLN - 1H - Technical analysis published on 02/15/2024 (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:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 0.02690 PLN
My targets
0.02711 PLN (+0.00017)
0.02721 PLN (+0.00027)
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 0.02690 PLN. The buyers' bullish objective is set at 0.02711 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.02721 PLN. If there is any crossing, the next objective would be the resistance located at 0.02736 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
6.6
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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 0.02694 PLN. On the day, this instrument gained +0.30% and was between 0.02686 PLN and 0.02696 PLN. This implies that the price is at +0.30% from its lowest and at -0.07% from its highest.0.02686
0.02696
0.02694
A study of price movements over other periods shows the following variations:
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 HIGH record (1st january)
Type : Bullish
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 strongly bullish. 82.14% 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 currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
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 | 0.02674 | 0.02682 | 0.02690 | 0.02694 | 0.02696 | 0.02711 | 0.02721 |
| Change (%) | -0.74% | -0.45% | -0.15% | - | +0.07% | +0.63% | +1.00% |
| Change | -0.00020 | -0.00012 | -0.00004 | - | +0.00002 | +0.00017 | +0.00027 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.02663 | 0.02674 | 0.02680 | 0.02691 | 0.02697 | 0.02708 | 0.02714 |
| Camarilla | 0.02681 | 0.02683 | 0.02684 | 0.02686 | 0.02688 | 0.02689 | 0.02691 |
| Woodie | 0.02661 | 0.02673 | 0.02678 | 0.02690 | 0.02695 | 0.02707 | 0.02712 |
| Fibonacci | 0.02674 | 0.02681 | 0.02685 | 0.02691 | 0.02698 | 0.02702 | 0.02708 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.02600 | 0.02637 | 0.02662 | 0.02699 | 0.02724 | 0.02761 | 0.02786 |
| Camarilla | 0.02670 | 0.02676 | 0.02681 | 0.02687 | 0.02693 | 0.02698 | 0.02704 |
| Woodie | 0.02594 | 0.02634 | 0.02656 | 0.02696 | 0.02718 | 0.02758 | 0.02780 |
| Fibonacci | 0.02637 | 0.02661 | 0.02675 | 0.02699 | 0.02723 | 0.02737 | 0.02761 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.02548 | 0.02620 | 0.02673 | 0.02745 | 0.02798 | 0.02870 | 0.02923 |
| Camarilla | 0.02692 | 0.02703 | 0.02715 | 0.02726 | 0.02738 | 0.02749 | 0.02760 |
| Woodie | 0.02539 | 0.02615 | 0.02664 | 0.02740 | 0.02789 | 0.02865 | 0.02914 |
| Fibonacci | 0.02620 | 0.02668 | 0.02697 | 0.02745 | 0.02793 | 0.02822 | 0.02870 |
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): | 58.19 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 9.10030 | |
| AROON (14): | -50.00000 | |
| DEMA (21): | 0.02692 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.02697 | |
| Elder Ray (13): | 0.00003 | |
| Super Trend (3,10): | 0.02685 | |
| Zig ZAG (10): | 0.02694 | |
| VORTEX (21): | 1.0550 | |
| Stochastique (14,3,5): | 81.82 | |
| TEMA (21): | 0.02692 | |
| Williams %R (14): | -9.09 | |
| Chande Momentum Oscillator (20): | 0.00005 | |
| Repulse (5,40,3): | 0.1318 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0034 | |
| Courbe Coppock: | 0.06 |
| MA7: | 0.02692 | |
| MA20: | 0.02710 | |
| MA50: | 0.02738 | |
| MA100: | 0.02764 | |
| MAexp7: | 0.02692 | |
| MAexp20: | 0.02690 | |
| MAexp50: | 0.02689 | |
| MAexp100: | 0.02691 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | -0.59% | |
| Price / MA50: | -1.61% | |
| Price / MA100: | -2.53% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.11% |
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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