USD/PLN - 1H - Technical analysis published on 07/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 3.9919 PLN
My targets
4.0210 PLN (+0.0114)
4.0300 PLN (+0.0204)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on USD/PLN. As long as you are above the support located at 3.9919 PLN, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 4.0210 PLN would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 4.0300 PLN as an objective. Crossing it would then enable buyers to target 4.0404 PLN. If the support 3.9919 PLN were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.9
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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 rating is 4.0096 PLN. The price registered a decrease of -0.02% on the session and was traded between 3.9946 PLN and 4.0287 PLN over the period. The price is currently at +0.38% from its lowest and -0.47% from its highest.3.9946
4.0287
4.0096
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
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 bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.9563 | 3.9729 | 3.9919 | 4.0096 | 4.0210 | 4.0300 | 4.0404 |
| Change (%) | -1.33% | -0.92% | -0.44% | - | +0.28% | +0.51% | +0.77% |
| Change | -0.0533 | -0.0367 | -0.0177 | - | +0.0114 | +0.0204 | +0.0308 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.9662 | 3.9790 | 3.9948 | 4.0076 | 4.0234 | 4.0362 | 4.0520 |
| Camarilla | 4.0026 | 4.0053 | 4.0079 | 4.0105 | 4.0131 | 4.0157 | 4.0184 |
| Woodie | 3.9676 | 3.9798 | 3.9962 | 4.0084 | 4.0248 | 4.0370 | 4.0534 |
| Fibonacci | 3.9790 | 3.9900 | 3.9967 | 4.0076 | 4.0186 | 4.0253 | 4.0362 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.8723 | 3.9040 | 3.9572 | 3.9889 | 4.0421 | 4.0738 | 4.1270 |
| Camarilla | 3.9872 | 3.9949 | 4.0027 | 4.0105 | 4.0183 | 4.0261 | 4.0339 |
| Woodie | 3.8832 | 3.9094 | 3.9681 | 3.9943 | 4.0530 | 4.0792 | 4.1379 |
| Fibonacci | 3.9040 | 3.9364 | 3.9564 | 3.9889 | 4.0213 | 4.0413 | 4.0738 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.7477 | 3.8846 | 3.9810 | 4.1179 | 4.2143 | 4.3512 | 4.4476 |
| Camarilla | 4.0131 | 4.0345 | 4.0559 | 4.0773 | 4.0987 | 4.1201 | 4.1415 |
| Woodie | 3.7274 | 3.8745 | 3.9607 | 4.1078 | 4.1940 | 4.3411 | 4.4273 |
| Fibonacci | 3.8846 | 3.9738 | 4.0288 | 4.1179 | 4.2071 | 4.2621 | 4.3512 |
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): | 51.44 | |
| MACD (12,26,9): | 0.0027 | |
| Directional Movement: | -4.4308 | |
| AROON (14): | 0 | |
| DEMA (21): | 4.0154 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.9966 | |
| Elder Ray (13): | -0.0036 | |
| Super Trend (3,10): | 3.9978 | |
| Zig ZAG (10): | 4.0111 | |
| VORTEX (21): | 0.9651 | |
| Stochastique (14,3,5): | 48.09 | |
| TEMA (21): | 4.0134 | |
| Williams %R (14): | -50.73 | |
| Chande Momentum Oscillator (20): | 0.0007 | |
| Repulse (5,40,3): | 0.0050 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0124 | |
| Courbe Coppock: | 0.11 |
| MA7: | 3.9824 | |
| MA20: | 4.0321 | |
| MA50: | 4.1025 | |
| MA100: | 4.1843 | |
| MAexp7: | 4.0127 | |
| MAexp20: | 4.0113 | |
| MAexp50: | 4.0029 | |
| MAexp100: | 3.9935 | |
| Price / MA7: | +0.68% | |
| Price / MA20: | -0.56% | |
| Price / MA50: | -2.26% | |
| Price / MA100: | -4.18% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.40% |
Quotes :
-
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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