EUR/PLN - 1H - Technical analysis published on 04/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 4.5656 PLN
My targets
4.5498 PLN (-0.0071)
4.5309 PLN (-0.0260)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/PLN as long as the price remains well below 4.5656 PLN. The sellers” bearish objective is set at 4.5498 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.5309 PLN. In case of crossing, the next objective would be the support located at 4.5089 PLN.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
4.5
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This analysis was given by Maciej Mazur. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/PLN price is 4.5569 PLN. The price registered an increase of -0.64% on the session with the lowest point at 4.5430 PLN and the highest point at 4.5952 PLN. The deviation from the price is +0.31% for the low point and -0.83% for the high point.4.5430
4.5952
4.5569
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 EUR/PLN:
Near a new HIGH record (5 years)
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
Abnormal volumes on EUR/PLN were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of EUR/PLN in 1H shows an overall bearish trend. The signals given by moving averages are 64.29% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.5089 | 4.5309 | 4.5498 | 4.5569 | 4.5656 | 4.5882 | 4.5965 |
| Change (%) | -1.05% | -0.57% | -0.16% | - | +0.19% | +0.69% | +0.87% |
| Change | -0.0480 | -0.0260 | -0.0071 | - | +0.0087 | +0.0313 | +0.0396 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
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 | 4.5324 | 4.5452 | 4.5657 | 4.5785 | 4.5990 | 4.6118 | 4.6323 |
| Camarilla | 4.5769 | 4.5800 | 4.5831 | 4.5861 | 4.5892 | 4.5922 | 4.5953 |
| Woodie | 4.5362 | 4.5471 | 4.5695 | 4.5804 | 4.6028 | 4.6137 | 4.6361 |
| Fibonacci | 4.5452 | 4.5580 | 4.5658 | 4.5785 | 4.5913 | 4.5991 | 4.6118 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4669 | 4.4982 | 4.5421 | 4.5734 | 4.6173 | 4.6486 | 4.6925 |
| Camarilla | 4.5654 | 4.5723 | 4.5792 | 4.5861 | 4.5930 | 4.5999 | 4.6068 |
| Woodie | 4.4733 | 4.5014 | 4.5485 | 4.5766 | 4.6237 | 4.6518 | 4.6989 |
| Fibonacci | 4.4982 | 4.5269 | 4.5446 | 4.5734 | 4.6021 | 4.6198 | 4.6486 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.0062 | 4.1466 | 4.3545 | 4.4949 | 4.7028 | 4.8432 | 5.0511 |
| Camarilla | 4.4666 | 4.4986 | 4.5305 | 4.5624 | 4.5943 | 4.6263 | 4.6582 |
| Woodie | 4.0400 | 4.1635 | 4.3883 | 4.5118 | 4.7366 | 4.8601 | 5.0849 |
| Fibonacci | 4.1466 | 4.2797 | 4.3619 | 4.4949 | 4.6280 | 4.7102 | 4.8432 |
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): | 39.68 | |
| MACD (12,26,9): | -0.0040 | |
| Directional Movement: | -12.6032 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 4.5696 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5874 | |
| Elder Ray (13): | -0.0093 | |
| Super Trend (3,10): | 4.5830 | |
| Zig ZAG (10): | 4.5577 | |
| VORTEX (21): | 0.9433 | |
| Stochastique (14,3,5): | 27.46 | |
| TEMA (21): | 4.5646 | |
| Williams %R (14): | -73.37 | |
| Chande Momentum Oscillator (20): | -0.0311 | |
| Repulse (5,40,3): | -0.3955 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0011 | |
| Courbe Coppock: | 0.35 |
| MA7: | 4.5662 | |
| MA20: | 4.5082 | |
| MA50: | 4.3746 | |
| MA100: | 4.3198 | |
| MAexp7: | 4.5708 | |
| MAexp20: | 4.5742 | |
| MAexp50: | 4.5759 | |
| MAexp100: | 4.5728 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | +1.08% | |
| Price / MA50: | +4.17% | |
| Price / MA100: | +5.49% | |
| Price / MAexp7: | -0.30% | |
| Price / MAexp20: | -0.38% | |
| Price / MAexp50: | -0.42% | |
| Price / MAexp100: | -0.35% |
News
The last news published on EUR/PLN at the time of the generation of this analysis was as follows:
-
Where Is EUR/PLN Heading?
-
Volatility Expected For EUR/PLN
-
Poland: Political risks, and the EUR/PLN range-break
This member declared not having a position on this financial instrument or a related financial instrument.
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