USD/PLN - 1H - Technical analysis published on 01/06/2023 (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:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 4.4271 PLN
My targets
4.4553 PLN (+0.0053)
4.4898 PLN (+0.0398)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/PLN as long as the price remains well above 4.4271 PLN. The buyers' bullish objective is set at 4.4553 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.4898 PLN. If there is any crossing, the next objective would be the resistance located at 4.5826 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
7.1
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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 USD/PLN price is 4.4500 PLN. The price registered an increase of +0.00% on the session and was between 4.4433 PLN and 4.4520 PLN. This implies that the price is at +0.15% from its lowest and at -0.04% from its highest.4.4433
4.4520
4.4500
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/PLN:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/PLN in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly 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, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.3904 | 4.4113 | 4.4271 | 4.4500 | 4.4553 | 4.5826 | 4.7007 |
| Change (%) | -1.34% | -0.87% | -0.51% | - | +0.12% | +2.98% | +5.63% |
| Change | -0.0596 | -0.0387 | -0.0229 | - | +0.0053 | +0.1326 | +0.2507 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | 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 | 4.3425 | 4.3663 | 4.4082 | 4.4320 | 4.4739 | 4.4977 | 4.5396 |
| Camarilla | 4.4320 | 4.4381 | 4.4441 | 4.4501 | 4.4561 | 4.4622 | 4.4682 |
| Woodie | 4.3516 | 4.3708 | 4.4173 | 4.4365 | 4.4830 | 4.5022 | 4.5487 |
| Fibonacci | 4.3663 | 4.3914 | 4.4069 | 4.4320 | 4.4571 | 4.4726 | 4.4977 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2717 | 4.3130 | 4.3444 | 4.3857 | 4.4171 | 4.4584 | 4.4898 |
| Camarilla | 4.3557 | 4.3624 | 4.3690 | 4.3757 | 4.3824 | 4.3890 | 4.3957 |
| Woodie | 4.2667 | 4.3105 | 4.3394 | 4.3832 | 4.4121 | 4.4559 | 4.4848 |
| Fibonacci | 4.3130 | 4.3408 | 4.3580 | 4.3857 | 4.4135 | 4.4307 | 4.4584 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.1539 | 4.2542 | 4.3149 | 4.4152 | 4.4759 | 4.5762 | 4.6369 |
| Camarilla | 4.3314 | 4.3462 | 4.3609 | 4.3757 | 4.3905 | 4.4052 | 4.4200 |
| Woodie | 4.1342 | 4.2443 | 4.2952 | 4.4053 | 4.4562 | 4.5663 | 4.6172 |
| Fibonacci | 4.2542 | 4.3157 | 4.3537 | 4.4152 | 4.4767 | 4.5147 | 4.5762 |
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): | 61.87 | |
| MACD (12,26,9): | 0.0098 | |
| Directional Movement: | 8.4760 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 4.4522 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4341 | |
| Elder Ray (13): | 0.0018 | |
| Super Trend (3,10): | 4.4230 | |
| Zig ZAG (10): | 4.4478 | |
| VORTEX (21): | 1.2338 | |
| Stochastique (14,3,5): | 73.30 | |
| TEMA (21): | 4.4562 | |
| Williams %R (14): | -34.78 | |
| Chande Momentum Oscillator (20): | -0.0066 | |
| Repulse (5,40,3): | 0.0416 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0359 | |
| Courbe Coppock: | 1.13 |
| MA7: | 4.4100 | |
| MA20: | 4.4048 | |
| MA50: | 4.5060 | |
| MA100: | 4.6638 | |
| MAexp7: | 4.4477 | |
| MAexp20: | 4.4392 | |
| MAexp50: | 4.4250 | |
| MAexp100: | 4.4141 | |
| Price / MA7: | +0.91% | |
| Price / MA20: | +1.03% | |
| Price / MA50: | -1.24% | |
| Price / MA100: | -4.58% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +0.56% | |
| Price / MAexp100: | +0.81% |
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.
About author
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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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