EUR/PLN - 1H - Technical analysis published on 04/08/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 4.5586 PLN
My targets
4.5123 PLN (-0.0229)
4.4979 PLN (-0.0373)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 4.5586 PLN remains possible. It is advisable to trade EUR/PLN with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 4.5586 PLN. The next bearish objective for sellers is set at 4.5123 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.4979 PLN. In case of crossing, the next objective would be the support located at 4.3904 PLN. PS: if there is a bullish break in the resistance located at 4.5586 PLN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
2
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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 4.5352 PLN. On the day, this instrument lost +0.19% and was traded between 4.5247 PLN and 4.5471 PLN over the period. The price is currently at +0.23% from its lowest and -0.26% from its highest.4.5247
4.5471
4.5352
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of EUR/PLN indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 7 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 4.4979 | 4.5123 | 4.5310 | 4.5352 | 4.5586 | 4.5767 | 4.5965 |
| Change (%) | -0.82% | -0.50% | -0.09% | - | +0.52% | +0.92% | +1.35% |
| Change | -0.0373 | -0.0229 | -0.0042 | - | +0.0234 | +0.0415 | +0.0613 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 4.4587 | 4.4868 | 4.5068 | 4.5349 | 4.5549 | 4.5830 | 4.6030 |
| Camarilla | 4.5135 | 4.5179 | 4.5223 | 4.5267 | 4.5311 | 4.5355 | 4.5399 |
| Woodie | 4.4546 | 4.4848 | 4.5027 | 4.5329 | 4.5508 | 4.5810 | 4.5989 |
| Fibonacci | 4.4868 | 4.5052 | 4.5166 | 4.5349 | 4.5533 | 4.5647 | 4.5830 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.88 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | 1.6117 | |
| AROON (14): | 7.1428 | |
| DEMA (21): | 4.5321 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5277 | |
| Elder Ray (13): | 0.0019 | |
| Super Trend (3,10): | 4.5458 | |
| Zig ZAG (10): | 4.5352 | |
| VORTEX (21): | 1.0826 | |
| Stochastique (14,3,5): | 49.40 | |
| TEMA (21): | 4.5341 | |
| Williams %R (14): | -75.89 | |
| Chande Momentum Oscillator (20): | -0.0004 | |
| Repulse (5,40,3): | -0.1674 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0096 | |
| Courbe Coppock: | 0.29 |
| MA7: | 4.5626 | |
| MA20: | 4.5295 | |
| MA50: | 4.3847 | |
| MA100: | 4.3246 | |
| MAexp7: | 4.5349 | |
| MAexp20: | 4.5347 | |
| MAexp50: | 4.5420 | |
| MAexp100: | 4.5514 | |
| Price / MA7: | -0.60% | |
| Price / MA20: | +0.13% | |
| Price / MA50: | +3.43% | |
| Price / MA100: | +4.87% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.36% |
News
The latest news and videos published on EUR/PLN at the time of the analysis were 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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