EUR/PLN - 1H - Technical analysis published on 04/07/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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%
56%
22%
My opinion
Bearish under 4.5430 PLN
My targets
4.5089 PLN (-0.0201)
4.4979 PLN (-0.0311)
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 4.5430 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
7.1
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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 4.5290 PLN. The price is lower by -0.73% since the last closing and was between 4.5214 PLN and 4.5631 PLN. This implies that the price is at +0.17% from its lowest and at -0.75% from its highest.4.5214
4.5631
4.5290
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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 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 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.
Other results related to technical indicators were also found by the Central Indicators scanner:
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.
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 | 4.3904 | 4.4979 | 4.5089 | 4.5290 | 4.5309 | 4.5430 | 4.5580 |
| Change (%) | -3.06% | -0.69% | -0.44% | - | +0.04% | +0.31% | +0.64% |
| Change | -0.1386 | -0.0311 | -0.0201 | - | +0.0019 | +0.0140 | +0.0290 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.16 | |
| MACD (12,26,9): | -0.0084 | |
| Directional Movement: | -14.1977 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 4.5330 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5499 | |
| Elder Ray (13): | -0.0053 | |
| Super Trend (3,10): | 4.5533 | |
| Zig ZAG (10): | 4.5309 | |
| VORTEX (21): | 0.8045 | |
| Stochastique (14,3,5): | 33.92 | |
| TEMA (21): | 4.5291 | |
| Williams %R (14): | -78.66 | |
| Chande Momentum Oscillator (20): | -0.0281 | |
| Repulse (5,40,3): | -0.1098 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0254 | |
| Courbe Coppock: | 1.14 |
| MA7: | 4.5642 | |
| MA20: | 4.5193 | |
| MA50: | 4.3798 | |
| MA100: | 4.3223 | |
| MAexp7: | 4.5346 | |
| MAexp20: | 4.5439 | |
| MAexp50: | 4.5558 | |
| MAexp100: | 4.5623 | |
| Price / MA7: | -0.77% | |
| Price / MA20: | +0.21% | |
| Price / MA50: | +3.41% | |
| Price / MA100: | +4.78% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | -0.59% | |
| Price / MAexp100: | -0.73% |
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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