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

USD/PLN - 1H - Technical analysis published on 07/21/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
50%
17%
33%
My opinion
Bullish above 4.6542 PLN
My targets
4.6997 PLN (+0.0190)
4.7579 PLN (+0.0772)
My analysis
The strong short-term increase in USD/PLN calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 4.6542 PLN, you could consider taking advantage of the short-term movement. The first bullish objective is located at 4.6997 PLN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.7579 PLN as an objective. Crossing it would then enable buyers to target 4.7651 PLN. Caution, a return under 4.6542 PLN could jeopardize the reversal.

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
1.8

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 nwbrown2. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

USD/PLN rating 4.6807 PLN. The price is lower by -0.15% since the last closing with the lowest point at 4.6615 PLN and the highest point at 4.6899 PLN. The deviation from the price is +0.41% for the low point and -0.20% for the high point.

4.6615
4.6899
4.6807

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

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


A technical analysis in 1H of this USD/PLN chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

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


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.5826 4.6237 4.6542 4.6807 4.6997 4.7651 4.7916
Change (%) -2.10% -1.22% -0.57% - +0.41% +1.80% +2.37%
Change -0.0981 -0.0570 -0.0265 - +0.0190 +0.0844 +0.1109
Level Minor Major Minor - Minor Minor Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.55524.58944.63874.67294.72224.75644.8057
Camarilla4.66494.67264.68034.68794.69564.70324.7109
Woodie4.56274.59324.64624.67674.72974.76024.8132
Fibonacci4.58944.62134.64104.67294.70484.72454.7564


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.49724.59004.66514.75794.83304.92585.0009
Camarilla4.69394.70934.72474.74014.75554.77094.7863
Woodie4.48834.58564.65624.75354.82414.92144.9920
Fibonacci4.59004.65424.69384.75794.82214.86174.9258


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.01674.13404.31004.42734.60334.72064.8966
Camarilla4.40534.43224.45914.48604.51294.53984.5667
Woodie4.04614.14874.33944.44204.63274.73534.9260
Fibonacci4.13404.24604.31534.42734.53934.60864.7206

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): 54.60
MACD (12,26,9): 0.0016
Directional Movement: 5.3404
AROON (14): -85.7143
DEMA (21): 4.6783
Parabolic SAR (0,02-0,02-0,2): 4.6926
Elder Ray (13): 0.0026
Super Trend (3,10): 4.6473
Zig ZAG (10): 4.6817
VORTEX (21): 0.9847
Stochastique (14,3,5): 40.96
TEMA (21): 4.6803
Williams %R (14): -30.75
Chande Momentum Oscillator (20): -0.0040
Repulse (5,40,3): 0.2805
ROCnROLL: 1
TRIX (15,9): 0.0123
Courbe Coppock: 0.33
MA7: 4.7280
MA20: 4.6340
MA50: 4.4746
MA100: 4.4038
MAexp7: 4.6765
MAexp20: 4.6756
MAexp50: 4.6786
MAexp100: 4.6968
Price / MA7: -1.00%
Price / MA20: +1.01%
Price / MA50: +4.61%
Price / MA100: +6.29%
Price / MAexp7: +0.09%
Price / MAexp20: +0.11%
Price / MAexp50: +0.04%
Price / MAexp100: -0.34%

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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