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 03/02/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
83%
0%
17%
My opinion
Bullish above 4.3810 PLN
My targets
4.4333 PLN (+0.0129)
4.4539 PLN (+0.0335)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for USD/PLN as long as the price remains well above 4.3810 PLN. The buyers' bullish objective is set at 4.4333 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.4539 PLN. If there is any crossing, the next objective would be the resistance located at 4.4659 PLN. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 4.4333 PLN. On this resistance, against the trend traders who would like to go short on USD/PLN with a bearish signal from their trading strategy, should not hesitate to act.

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
3

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

The USD/PLN price is 4.4204 PLN. The price registered an increase of +0.94% on the session and was traded between 4.3789 PLN and 4.4218 PLN over the period. The price is currently at +0.95% from its lowest and -0.03% from its highest.

4.3789
4.4218
4.4204

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



Here is a more detailed summary of the historical variations registered by USD/PLN:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 this 1H chart of USD/PLN indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


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

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 3.9673 4.2750 4.3639 4.4204 4.4333 4.4539 4.4659
Change (%) -10.25% -3.29% -1.28% - +0.29% +0.76% +1.03%
Change -0.4531 -0.1454 -0.0565 - +0.0129 +0.0335 +0.0455
Level Intermediate Major Major - Intermediate 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
Standard4.25944.31344.34634.40034.43324.48724.5201
Camarilla4.35544.36344.37134.37934.38734.39524.4032
Woodie4.24904.30814.33594.39504.42284.48194.5097
Fibonacci4.31344.34664.36714.40034.43354.45404.4872


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.38104.40704.44144.46744.50184.52784.5622
Camarilla4.45934.46484.47044.47594.48144.48704.4925
Woodie4.38534.40914.44574.46954.50614.52994.5665
Fibonacci4.40704.43004.44434.46744.49044.50474.5278


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.07214.16844.30924.40554.54634.64264.7834
Camarilla4.38494.40664.42844.45014.47184.49364.5153
Woodie4.09454.17954.33164.41664.56874.65374.8058
Fibonacci4.16844.25894.31494.40554.49604.55204.6426

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): 58.69
MACD (12,26,9): 0.0002
Directional Movement: 5.3367
AROON (14): 92.8571
DEMA (21): 4.3957
Parabolic SAR (0,02-0,02-0,2): 4.3913
Elder Ray (13): 0.0088
Super Trend (3,10): 4.3796
Zig ZAG (10): 4.4118
VORTEX (21): 1.2033
Stochastique (14,3,5): 94.78
TEMA (21): 4.4050
Williams %R (14): -4.27
Chande Momentum Oscillator (20): 0.0272
Repulse (5,40,3): 0.3901
ROCnROLL: -1
TRIX (15,9): -0.0165
Courbe Coppock: 1.00
MA7: 4.4436
MA20: 4.4417
MA50: 4.3922
MA100: 4.4961
MAexp7: 4.4054
MAexp20: 4.3984
MAexp50: 4.4099
MAexp100: 4.4265
Price / MA7: -0.52%
Price / MA20: -0.48%
Price / MA50: +0.64%
Price / MA100: -1.68%
Price / MAexp7: +0.34%
Price / MAexp20: +0.50%
Price / MAexp50: +0.23%
Price / MAexp100: -0.14%

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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