EUR/PLN - 1H - Technical analysis published on 04/07/2020 (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:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 4.5430 PLN
My targets
4.5309 PLN (-0.0056)
4.5089 PLN (-0.0276)
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 4.5430 PLN. The sellers” bearish objective is set at 4.5309 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.5089 PLN. In case of crossing, the next objective would be the support located at 4.4979 PLN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
7
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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
EUR/PLN rating 4.5365 PLN. The price registered a decrease of -0.57% on the session with the lowest point at 4.5274 PLN and the highest point at 4.5631 PLN. The deviation from the price is +0.20% for the low point and -0.58% for the high point.4.5274
4.5631
4.5365
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
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
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of EUR/PLN in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Long black line
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.4979 | 4.5089 | 4.5309 | 4.5365 | 4.5430 | 4.5580 | 4.5657 |
| Change (%) | -0.85% | -0.61% | -0.12% | - | +0.14% | +0.47% | +0.64% |
| Change | -0.0386 | -0.0276 | -0.0056 | - | +0.0065 | +0.0215 | +0.0292 |
| Level | Intermediate | Intermediate | Intermediate | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4863 | 4.5146 | 4.5385 | 4.5668 | 4.5907 | 4.6190 | 4.6429 |
| Camarilla | 4.5480 | 4.5527 | 4.5575 | 4.5623 | 4.5671 | 4.5719 | 4.5767 |
| Woodie | 4.4840 | 4.5135 | 4.5362 | 4.5657 | 4.5884 | 4.6179 | 4.6406 |
| Fibonacci | 4.5146 | 4.5346 | 4.5469 | 4.5668 | 4.5868 | 4.5991 | 4.6190 |
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): | 22.23 | |
| MACD (12,26,9): | -0.0066 | |
| Directional Movement: | -31.8566 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 4.5473 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5633 | |
| Elder Ray (13): | -0.0125 | |
| Super Trend (3,10): | 4.5560 | |
| Zig ZAG (10): | 4.5375 | |
| VORTEX (21): | 0.8385 | |
| Stochastique (14,3,5): | 25.02 | |
| TEMA (21): | 4.5430 | |
| Williams %R (14): | -78.22 | |
| Chande Momentum Oscillator (20): | -0.0278 | |
| Repulse (5,40,3): | -0.1732 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0153 | |
| Courbe Coppock: | 0.61 |
| MA7: | 4.5651 | |
| MA20: | 4.5192 | |
| MA50: | 4.3798 | |
| MA100: | 4.3223 | |
| MAexp7: | 4.5460 | |
| MAexp20: | 4.5567 | |
| MAexp50: | 4.5647 | |
| MAexp100: | 4.5677 | |
| Price / MA7: | -0.63% | |
| Price / MA20: | +0.38% | |
| Price / MA50: | +3.58% | |
| Price / MA100: | +4.96% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.44% | |
| Price / MAexp50: | -0.62% | |
| Price / MAexp100: | -0.68% |
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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