JPY/PLN - 1H - Technical analysis published on 12/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 0.02645 PLN
My targets
0.02658 PLN (+0.00003)
0.02678 PLN (+0.00023)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on JPY/PLN. This is a positive signal for buyers. As long as the price remains above 0.02645 PLN, a purchase could be considered. The first bullish objective is located at 0.02658 PLN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.02678 PLN as an objective. Crossing it would then enable buyers to target 0.02696 PLN. In the event of a return below 0.02645 PLN, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
JPY/PLN rating 0.02655 PLN. The price has increased by +1.07% since the last closing and was between 0.02620 PLN and 0.02656 PLN. This implies that the price is at +1.34% from its lowest and at -0.04% from its highest.0.02620
0.02656
0.02655
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
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 bullish. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
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 a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.02605 | 0.02629 | 0.02645 | 0.02655 | 0.02658 | 0.02678 | 0.02696 |
| Change (%) | -1.88% | -0.98% | -0.38% | - | +0.11% | +0.87% | +1.54% |
| Change | -0.00050 | -0.00026 | -0.00010 | - | +0.00003 | +0.00023 | +0.00041 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.02594 | 0.02608 | 0.02618 | 0.02632 | 0.02642 | 0.02656 | 0.02666 |
| Camarilla | 0.02620 | 0.02623 | 0.02625 | 0.02627 | 0.02629 | 0.02631 | 0.02634 |
| Woodie | 0.02591 | 0.02607 | 0.02615 | 0.02631 | 0.02639 | 0.02655 | 0.02663 |
| Fibonacci | 0.02608 | 0.02618 | 0.02623 | 0.02632 | 0.02642 | 0.02647 | 0.02656 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.02550 | 0.02595 | 0.02617 | 0.02662 | 0.02684 | 0.02729 | 0.02751 |
| Camarilla | 0.02622 | 0.02628 | 0.02634 | 0.02640 | 0.02646 | 0.02652 | 0.02658 |
| Woodie | 0.02540 | 0.02589 | 0.02607 | 0.02656 | 0.02674 | 0.02723 | 0.02741 |
| Fibonacci | 0.02595 | 0.02620 | 0.02636 | 0.02662 | 0.02687 | 0.02703 | 0.02729 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.02520 | 0.02562 | 0.02638 | 0.02680 | 0.02756 | 0.02798 | 0.02874 |
| Camarilla | 0.02683 | 0.02693 | 0.02704 | 0.02715 | 0.02726 | 0.02737 | 0.02748 |
| Woodie | 0.02538 | 0.02571 | 0.02656 | 0.02689 | 0.02774 | 0.02807 | 0.02892 |
| Fibonacci | 0.02562 | 0.02607 | 0.02635 | 0.02680 | 0.02725 | 0.02753 | 0.02798 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 76.76 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 19.30583 | |
| AROON (14): | 92.85714 | |
| DEMA (21): | 0.02647 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.02634 | |
| Elder Ray (13): | 0.00009 | |
| Super Trend (3,10): | 0.02639 | |
| Zig ZAG (10): | 0.02655 | |
| VORTEX (21): | 1.2321 | |
| Stochastique (14,3,5): | 95.31 | |
| TEMA (21): | 0.02653 | |
| Williams %R (14): | -3.70 | |
| Chande Momentum Oscillator (20): | 0.00021 | |
| Repulse (5,40,3): | 0.3108 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0139 | |
| Courbe Coppock: | 1.46 |
| MA7: | 0.02656 | |
| MA20: | 0.02682 | |
| MA50: | 0.02655 | |
| MA100: | 0.02664 | |
| MAexp7: | 0.02649 | |
| MAexp20: | 0.02642 | |
| MAexp50: | 0.02641 | |
| MAexp100: | 0.02649 | |
| Price / MA7: | -0.04% | |
| Price / MA20: | -1.01% | |
| Price / MA50: | -0% | |
| Price / MA100: | -0.34% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.49% | |
| Price / MAexp50: | +0.53% | |
| Price / MAexp100: | +0.23% |
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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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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