EUR/PLN - 1H - Technical analysis published on 04/09/2020 (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 bullish
De fond:
Slightly bearish
Technical indicators
67%
0%
33%
My opinion
Bullish above 4.5310 PLN
My targets
4.5471 PLN (+0.0066)
4.5767 PLN (+0.0362)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for EUR/PLN as long as the price remains well above 4.5310 PLN. The buyers” bullish objective is set at 4.5471 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.5767 PLN. If there is any crossing, the next objective would be the resistance located at 4.5965 PLN. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 4.5471 PLN. On this resistance, against the trend traders who would like to go short on EUR/PLN with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
2.5
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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
EUR/PLN rating 4.5405 PLN. The price is lower by +0.21% since the last closing with the lowest point at 4.5180 PLN and the highest point at 4.5421 PLN. The deviation from the price is +0.50% for the low point and -0.04% for the high point.4.5180
4.5421
4.5405
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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
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 an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
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 over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact 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 | 4.4979 | 4.5150 | 4.5310 | 4.5405 | 4.5471 | 4.5767 | 4.5965 |
| Change (%) | -0.94% | -0.56% | -0.21% | - | +0.15% | +0.80% | +1.23% |
| Change | -0.0426 | -0.0255 | -0.0095 | - | +0.0066 | +0.0362 | +0.0560 |
| Level | Intermediate | Intermediate | Intermediate | - | 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 | 4.4986 | 4.5116 | 4.5212 | 4.5342 | 4.5438 | 4.5568 | 4.5664 |
| Camarilla | 4.5247 | 4.5268 | 4.5288 | 4.5309 | 4.5330 | 4.5350 | 4.5371 |
| Woodie | 4.4970 | 4.5108 | 4.5196 | 4.5334 | 4.5422 | 4.5560 | 4.5648 |
| Fibonacci | 4.5116 | 4.5202 | 4.5255 | 4.5342 | 4.5428 | 4.5481 | 4.5568 |
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): | 60.37 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -5.1907 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 4.5312 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5180 | |
| Elder Ray (13): | 0.0026 | |
| Super Trend (3,10): | 4.5448 | |
| Zig ZAG (10): | 4.5370 | |
| VORTEX (21): | 1.0103 | |
| Stochastique (14,3,5): | 60.33 | |
| TEMA (21): | 4.5310 | |
| Williams %R (14): | -10.28 | |
| Chande Momentum Oscillator (20): | 0.0058 | |
| Repulse (5,40,3): | 0.2200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0042 | |
| Courbe Coppock: | 0.12 |
| MA7: | 4.5577 | |
| MA20: | 4.5371 | |
| MA50: | 4.3895 | |
| MA100: | 4.3270 | |
| MAexp7: | 4.5313 | |
| MAexp20: | 4.5319 | |
| MAexp50: | 4.5363 | |
| MAexp100: | 4.5449 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | +0.07% | |
| Price / MA50: | +3.44% | |
| Price / MA100: | +4.93% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.09% | |
| Price / MAexp100: | -0.10% |
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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