EUR/PLN - 1H - Technical analysis published on 07/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bullish
Technical indicators
56%
28%
17%
My opinion
Bullish above 4.4636 PLN
My targets
4.4805 PLN (+0.0124)
4.4979 PLN (+0.0298)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade EUR/PLN with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 4.4636 PLN. The buyers” bullish objective is set at 4.4805 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.4979 PLN. If there is any crossing, the next objective would be the resistance located at 4.5684 PLN. If there is a bearish break in the support located at 4.4636 PLN some indecision would arise.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.3
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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 4.4681 PLN. On the day, this instrument gained +0.11% with the lowest point at 4.4584 PLN and the highest point at 4.4683 PLN. The deviation from the price is +0.22% for the low point and +0.00% for the high point.4.4584
4.4683
4.4681
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 detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of EUR/PLN in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 10 are bullish, 3 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
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 | 4.4563 | 4.4636 | 4.4676 | 4.4681 | 4.4718 | 4.4805 | 4.4979 |
| Change (%) | -0.26% | -0.10% | -0.01% | - | +0.08% | +0.28% | +0.67% |
| Change | -0.0118 | -0.0045 | -0.0005 | - | +0.0037 | +0.0124 | +0.0298 |
| Level | Intermediate | Minor | Minor | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4404 | 4.4483 | 4.4558 | 4.4637 | 4.4712 | 4.4791 | 4.4866 |
| Camarilla | 4.4590 | 4.4604 | 4.4618 | 4.4632 | 4.4646 | 4.4660 | 4.4674 |
| Woodie | 4.4401 | 4.4482 | 4.4555 | 4.4636 | 4.4709 | 4.4790 | 4.4863 |
| Fibonacci | 4.4483 | 4.4542 | 4.4579 | 4.4637 | 4.4696 | 4.4733 | 4.4791 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3921 | 4.4133 | 4.4382 | 4.4594 | 4.4843 | 4.5055 | 4.5304 |
| Camarilla | 4.4505 | 4.4548 | 4.4590 | 4.4632 | 4.4674 | 4.4717 | 4.4759 |
| Woodie | 4.3941 | 4.4142 | 4.4402 | 4.4603 | 4.4863 | 4.5064 | 4.5324 |
| Fibonacci | 4.4133 | 4.4309 | 4.4418 | 4.4594 | 4.4770 | 4.4879 | 4.5055 |
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): | 39.29 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -4.1142 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 4.4629 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4690 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 4.4708 | |
| Zig ZAG (10): | 4.4634 | |
| VORTEX (21): | 0.9274 | |
| Stochastique (14,3,5): | 53.76 | |
| TEMA (21): | 4.4626 | |
| Williams %R (14): | -32.89 | |
| Chande Momentum Oscillator (20): | 0.0001 | |
| Repulse (5,40,3): | 0.0188 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0018 | |
| Courbe Coppock: | 0.11 |
| MA7: | 4.4624 | |
| MA20: | 4.4546 | |
| MA50: | 4.4858 | |
| MA100: | 4.4702 | |
| MAexp7: | 4.4629 | |
| MAexp20: | 4.4633 | |
| MAexp50: | 4.4638 | |
| MAexp100: | 4.4628 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | +0.30% | |
| Price / MA50: | -0.39% | |
| Price / MA100: | -0.05% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.12% |
Quotes :
2020-07-06 07:38:53
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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?
-
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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