EUR/PLN - Daily - Technical analysis published on 07/02/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 4.4370 PLN
My targets
4.4979 PLN (+0.0277)
4.5684 PLN (+0.0982)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on EUR/PLN as long as the price remains well above 4.4370 PLN. The buyers” bullish objective is set at 4.4979 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.5684 PLN. If there is any crossing, the next objective would be the resistance located at 4.6100 PLN. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.4
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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 4.4702 PLN. On the day, this instrument lost -0.12% with the lowest point at 4.4613 PLN and the highest point at 4.4772 PLN. The deviation from the price is +0.20% for the low point and -0.16% for the high point.4.4613
4.4772
4.4702
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/PLN:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of EUR/PLN in Daily shows an overall bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 4.3241 | 4.3904 | 4.4370 | 4.4702 | 4.4979 | 4.5684 | 4.6100 |
| Change (%) | -3.27% | -1.79% | -0.74% | - | +0.62% | +2.20% | +3.13% |
| Change | -0.1461 | -0.0798 | -0.0332 | - | +0.0277 | +0.0982 | +0.1398 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4003 | 4.4173 | 4.4464 | 4.4634 | 4.4925 | 4.5095 | 4.5386 |
| Camarilla | 4.4627 | 4.4670 | 4.4712 | 4.4754 | 4.4796 | 4.4839 | 4.4881 |
| Woodie | 4.4063 | 4.4203 | 4.4524 | 4.4664 | 4.4985 | 4.5125 | 4.5446 |
| Fibonacci | 4.4173 | 4.4349 | 4.4458 | 4.4634 | 4.4810 | 4.4919 | 4.5095 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4007 | 4.4160 | 4.4436 | 4.4589 | 4.4865 | 4.5018 | 4.5294 |
| Camarilla | 4.4594 | 4.4633 | 4.4673 | 4.4712 | 4.4751 | 4.4791 | 4.4830 |
| Woodie | 4.4069 | 4.4191 | 4.4498 | 4.4620 | 4.4927 | 4.5049 | 4.5356 |
| Fibonacci | 4.4160 | 4.4324 | 4.4425 | 4.4589 | 4.4753 | 4.4854 | 4.5018 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2725 | 4.3218 | 4.3841 | 4.4334 | 4.4957 | 4.5450 | 4.6073 |
| Camarilla | 4.4156 | 4.4258 | 4.4361 | 4.4463 | 4.4565 | 4.4668 | 4.4770 |
| Woodie | 4.2789 | 4.3251 | 4.3905 | 4.4367 | 4.5021 | 4.5483 | 4.6137 |
| Fibonacci | 4.3218 | 4.3645 | 4.3908 | 4.4334 | 4.4761 | 4.5024 | 4.5450 |
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): | 51.75 | |
| MACD (12,26,9): | -0.0032 | |
| Directional Movement: | -3.6897 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 4.4507 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4818 | |
| Elder Ray (13): | 0.0113 | |
| Super Trend (3,10): | 4.4895 | |
| Zig ZAG (10): | 4.4700 | |
| VORTEX (21): | 1.1365 | |
| Stochastique (14,3,5): | 76.84 | |
| TEMA (21): | 4.4599 | |
| Williams %R (14): | -13.71 | |
| Chande Momentum Oscillator (20): | 0.0248 | |
| Repulse (5,40,3): | 0.4813 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0316 | |
| Courbe Coppock: | 0.75 |
| MA7: | 4.4609 | |
| MA20: | 4.4517 | |
| MA50: | 4.4888 | |
| MA100: | 4.4661 | |
| MAexp7: | 4.4612 | |
| MAexp20: | 4.4587 | |
| MAexp50: | 4.4686 | |
| MAexp100: | 4.4489 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | +0.42% | |
| Price / MA50: | -0.41% | |
| Price / MA100: | +0.09% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.48% |
Quotes :
2020-07-02 11:55:48
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Real time data
-
Forex
News
Don"t forget to follow the news on EUR/PLN. At the time of publication of this analysis, the latest news was as follows:
-
Where Is EUR/PLN Heading?
-
Volatility Expected For EUR/PLN
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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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