EUR/PLN - 1H - Technical analysis published on 04/07/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 4.5309 PLN
My targets
4.5089 PLN (-0.0159)
4.4979 PLN (-0.0269)
My analysis
EUR/PLN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4.5309 PLN. The next support located at 4.5089 PLN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 4.4979 PLN. Below this support, sellers could then target 4.3904 PLN. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.7
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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
The EUR/PLN rating is 4.5248 PLN. On the day, this instrument lost -0.82% and was between 4.5214 PLN and 4.5631 PLN. This implies that the price is at +0.08% from its lowest and at -0.84% from its highest.4.5214
4.5631
4.5248
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
A study of price movements over other periods shows the following variations:
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
A technical analysis in 1H of this EUR/PLN chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
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.
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 | 4.3904 | 4.4979 | 4.5089 | 4.5248 | 4.5309 | 4.5430 | 4.5580 |
| Change (%) | -2.97% | -0.59% | -0.35% | - | +0.13% | +0.40% | +0.73% |
| Change | -0.1344 | -0.0269 | -0.0159 | - | +0.0061 | +0.0182 | +0.0332 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Intermediate | 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): | 20.56 | |
| MACD (12,26,9): | -0.0092 | |
| Directional Movement: | -30.1664 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 4.5375 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5579 | |
| Elder Ray (13): | -0.0132 | |
| Super Trend (3,10): | 4.5558 | |
| Zig ZAG (10): | 4.5227 | |
| VORTEX (21): | 0.6947 | |
| Stochastique (14,3,5): | 21.44 | |
| TEMA (21): | 4.5323 | |
| Williams %R (14): | -99.04 | |
| Chande Momentum Oscillator (20): | -0.0391 | |
| Repulse (5,40,3): | -0.3927 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0213 | |
| Courbe Coppock: | 1.08 |
| MA7: | 4.5633 | |
| MA20: | 4.5188 | |
| MA50: | 4.3796 | |
| MA100: | 4.3222 | |
| MAexp7: | 4.5374 | |
| MAexp20: | 4.5482 | |
| MAexp50: | 4.5594 | |
| MAexp100: | 4.5647 | |
| Price / MA7: | -0.84% | |
| Price / MA20: | +0.13% | |
| Price / MA50: | +3.32% | |
| Price / MA100: | +4.69% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | -0.51% | |
| Price / MAexp50: | -0.76% | |
| Price / MAexp100: | -0.87% |
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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