EUR/PLN - 1H - Technical analysis published on 07/02/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 4.4636 PLN
My targets
4.4805 PLN (+0.0075)
4.4979 PLN (+0.0249)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/PLN. As long as you are above the support located at 4.4636 PLN, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 4.4805 PLN would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 4.4979 PLN as an objective. Crossing it would then enable buyers to target 4.5684 PLN. If the support 4.4636 PLN were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
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
4.1
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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
The EUR/PLN price is 4.4730 PLN. On the day, this instrument lost -0.05% with the lowest point at 4.4613 PLN and the highest point at 4.4772 PLN. The deviation from the price is +0.26% for the low point and -0.09% for the high point.4.4613
4.4772
4.4730
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this EUR/PLN chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 4.4548 | 4.4636 | 4.4710 | 4.4730 | 4.4805 | 4.4979 | 4.5684 |
| Change (%) | -0.41% | -0.21% | -0.04% | - | +0.17% | +0.56% | +2.13% |
| Change | -0.0182 | -0.0094 | -0.0020 | - | +0.0075 | +0.0249 | +0.0954 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | 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 | 4.4003 | 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 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): | 52.42 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | -2.5913 | |
| AROON (14): | -7.1428 | |
| DEMA (21): | 4.4733 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4742 | |
| Elder Ray (13): | -0.0029 | |
| Super Trend (3,10): | 4.4638 | |
| Zig ZAG (10): | 4.4701 | |
| VORTEX (21): | 1.0146 | |
| Stochastique (14,3,5): | 46.79 | |
| TEMA (21): | 4.4723 | |
| Williams %R (14): | -38.99 | |
| Chande Momentum Oscillator (20): | -0.0045 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0138 | |
| Courbe Coppock: | 0.23 |
| MA7: | 4.4614 | |
| MA20: | 4.4517 | |
| MA50: | 4.4888 | |
| MA100: | 4.4661 | |
| MAexp7: | 4.4698 | |
| MAexp20: | 4.4697 | |
| MAexp50: | 4.4646 | |
| MAexp100: | 4.4613 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | +0.48% | |
| Price / MA50: | -0.35% | |
| Price / MA100: | +0.15% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.26% |
Quotes :
2020-07-02 12:21:07
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Real time data
-
Forex
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?
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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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