Londinia Opportunities Analyses - 11/14/2024 (GMT) CAD/PLN - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 2.9332 PLN
My targets
2.9718 PLN (+0.0250)
2.9753 PLN (+0.0285)
My analysis
CAD/PLN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.9332 PLN. The next resistance located at 2.9718 PLN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.9753 PLN. After this resistance, buyers could then target 2.9944 PLN. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.9
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The CAD/PLN price is 2.9468 PLN. On the day, this instrument gained +0.38% and was traded between 2.9328 PLN and 2.9481 PLN over the period. The price is currently at +0.48% from its lowest and -0.04% from its highest.2.9328
2.9481
2.9468
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/PLN indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.8960 | 2.9136 | 2.9332 | 2.9468 | 2.9483 | 2.9753 | 2.9944 |
| Change (%) | -1.72% | -1.13% | -0.46% | - | +0.05% | +0.97% | +1.62% |
| Change | -0.0508 | -0.0332 | -0.0136 | - | +0.0015 | +0.0285 | +0.0476 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.8966 | 2.9082 | 2.9220 | 2.9336 | 2.9474 | 2.9590 | 2.9728 |
| Camarilla | 2.9287 | 2.9310 | 2.9334 | 2.9357 | 2.9380 | 2.9404 | 2.9427 |
| Woodie | 2.8976 | 2.9088 | 2.9230 | 2.9342 | 2.9484 | 2.9596 | 2.9738 |
| Fibonacci | 2.9082 | 2.9179 | 2.9239 | 2.9336 | 2.9433 | 2.9493 | 2.9590 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.7866 | 2.8224 | 2.8613 | 2.8971 | 2.9360 | 2.9718 | 3.0107 |
| Camarilla | 2.8796 | 2.8864 | 2.8933 | 2.9001 | 2.9070 | 2.9138 | 2.9206 |
| Woodie | 2.7881 | 2.8232 | 2.8628 | 2.8979 | 2.9375 | 2.9726 | 3.0122 |
| Fibonacci | 2.8224 | 2.8510 | 2.8686 | 2.8971 | 2.9257 | 2.9433 | 2.9718 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.7571 | 2.7992 | 2.8346 | 2.8767 | 2.9121 | 2.9542 | 2.9896 |
| Camarilla | 2.8487 | 2.8558 | 2.8629 | 2.8700 | 2.8771 | 2.8842 | 2.8913 |
| Woodie | 2.7538 | 2.7975 | 2.8313 | 2.8750 | 2.9088 | 2.9525 | 2.9863 |
| Fibonacci | 2.7992 | 2.8288 | 2.8471 | 2.8767 | 2.9063 | 2.9246 | 2.9542 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 63.34 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 9.0507 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 2.9397 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.9322 | |
| Elder Ray (13): | 0.0046 | |
| Super Trend (3,10): | 2.9303 | |
| Zig ZAG (10): | 2.9439 | |
| VORTEX (21): | 1.2377 | |
| Stochastique (14,3,5): | 79.66 | |
| TEMA (21): | 2.9405 | |
| Williams %R (14): | -8.33 | |
| Chande Momentum Oscillator (20): | 0.0083 | |
| Repulse (5,40,3): | 0.1985 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0029 | |
| Courbe Coppock: | 0.27 |
| MA7: | 2.9211 | |
| MA20: | 2.8995 | |
| MA50: | 2.8722 | |
| MA100: | 2.8691 | |
| MAexp7: | 2.9406 | |
| MAexp20: | 2.9381 | |
| MAexp50: | 2.9353 | |
| MAexp100: | 2.9275 | |
| Price / MA7: | +0.88% | |
| Price / MA20: | +1.63% | |
| Price / MA50: | +2.60% | |
| Price / MA100: | +2.71% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | +0.39% | |
| Price / MAexp100: | +0.66% |
Quotes :
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Real time data
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Forex