EUR/PLN - 1H - Technical analysis published on 04/09/2020 (GMT)
- Who voted?
- 131
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- 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 bullish
De fond:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 4.5310 PLN
My targets
4.5767 PLN (+0.0298)
4.5965 PLN (+0.0496)
My analysis
EUR/PLN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4.5310 PLN. The next resistance located at 4.5767 PLN is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4.5965 PLN. After this resistance, buyers could then target 4.6046 PLN.
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
5.7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Maciej Mazur. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/PLN rating 4.5469 PLN. The price is lower by +0.35% since the last closing with the lowest point at 4.5180 PLN and the highest point at 4.5623 PLN. The deviation from the price is +0.64% for the low point and -0.34% for the high point.4.5180
4.5623
4.5469
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
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 this 1H chart of EUR/PLN indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
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.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.4979 | 4.5150 | 4.5310 | 4.5469 | 4.5471 | 4.5767 | 4.5965 |
| Change (%) | -1.08% | -0.70% | -0.35% | - | +0.00% | +0.66% | +1.09% |
| Change | -0.0490 | -0.0319 | -0.0159 | - | +0.0002 | +0.0298 | +0.0496 |
| 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 71.69 | |
| MACD (12,26,9): | 0.0047 | |
| Directional Movement: | 11.8171 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 4.5436 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5287 | |
| Elder Ray (13): | 0.0125 | |
| Super Trend (3,10): | 4.5301 | |
| Zig ZAG (10): | 4.5536 | |
| VORTEX (21): | 1.1526 | |
| Stochastique (14,3,5): | 85.46 | |
| TEMA (21): | 4.5486 | |
| Williams %R (14): | -26.41 | |
| Chande Momentum Oscillator (20): | 0.0198 | |
| Repulse (5,40,3): | 0.0113 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0043 | |
| Courbe Coppock: | 0.65 |
| MA7: | 4.5601 | |
| MA20: | 4.5379 | |
| MA50: | 4.3898 | |
| MA100: | 4.3272 | |
| MAexp7: | 4.5460 | |
| MAexp20: | 4.5392 | |
| MAexp50: | 4.5389 | |
| MAexp100: | 4.5456 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | +0.20% | |
| Price / MA50: | +3.58% | |
| Price / MA100: | +5.08% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.03% |
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/PLN - 1H