EUR/PLN - 1H - Technical analysis published on 07/02/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Slightly bullish
Technical indicators
17%
44%
39%
My opinion
Neutral between 4.4548 PLN and 4.4710 PLN
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 4.4548 PLN. The first resistance is located at 4.4710 PLN. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by EUR/PLN.
In the very short term, technical indicators are bearish and could soon allow change to a bearish sentiment.
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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 4.4617 PLN. The price registered a decrease of -0.31% on the session and was traded between 4.4612 PLN and 4.4772 PLN over the period. The price is currently at +0.01% from its lowest and -0.35% from its highest.4.4612
4.4772
4.4617
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
Abnormal volumes on EUR/PLN were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this EUR/PLN chart shows a slightly bullish trend. 50.00% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that this slightly bullish trend could be reversed. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 4.3904 | 4.4370 | 4.4548 | 4.4617 | 4.4636 | 4.4710 | 4.4805 |
| Change (%) | -1.60% | -0.55% | -0.15% | - | +0.04% | +0.21% | +0.42% |
| Change | -0.0713 | -0.0247 | -0.0069 | - | +0.0019 | +0.0093 | +0.0188 |
| Level | Major | Major | Intermediate | - | Minor | Intermediate | 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): | 46.08 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 0.0520 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 4.4702 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4621 | |
| Elder Ray (13): | -0.0038 | |
| Super Trend (3,10): | 4.4818 | |
| Zig ZAG (10): | 4.4629 | |
| VORTEX (21): | 0.8723 | |
| Stochastique (14,3,5): | 18.24 | |
| TEMA (21): | 4.4671 | |
| Williams %R (14): | -90.57 | |
| Chande Momentum Oscillator (20): | -0.0120 | |
| Repulse (5,40,3): | -0.1925 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0082 | |
| Courbe Coppock: | 0.38 |
| MA7: | 4.4601 | |
| MA20: | 4.4513 | |
| MA50: | 4.4886 | |
| MA100: | 4.4660 | |
| MAexp7: | 4.4663 | |
| MAexp20: | 4.4687 | |
| MAexp50: | 4.4650 | |
| MAexp100: | 4.4618 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | +0.23% | |
| Price / MA50: | -0.60% | |
| Price / MA100: | -0.10% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | +0.00% |
Quotes :
2020-07-02 16:27:05
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Real time data
-
Forex
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
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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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