EUR/PLN - 1H - Technical analysis published on 07/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 4.4563 PLN
My targets
4.4718 PLN (+0.0056)
4.4805 PLN (+0.0143)
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 4.4563 PLN. The buyers” bullish objective is set at 4.4718 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.4805 PLN. If there is any crossing, the next objective would be the resistance located at 4.4979 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
5.7
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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 4.4662 PLN. The price has increased by +0.07% since the last closing and was between 4.4584 PLN and 4.4737 PLN. This implies that the price is at +0.17% from its lowest and at -0.17% from its highest.4.4584
4.4737
4.4662
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
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 : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of EUR/PLN indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
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 support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.4492 | 4.4563 | 4.4636 | 4.4662 | 4.4676 | 4.4718 | 4.4805 |
| Change (%) | -0.38% | -0.22% | -0.06% | - | +0.03% | +0.13% | +0.32% |
| Change | -0.0170 | -0.0099 | -0.0026 | - | +0.0014 | +0.0056 | +0.0143 |
| Level | Minor | Intermediate | Minor | - | Minor | Major | Major |
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 | 4.4404 | 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 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): | 54.35 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 4.4070 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 4.4680 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4609 | |
| Elder Ray (13): | 0.0012 | |
| Super Trend (3,10): | 4.4605 | |
| Zig ZAG (10): | 4.4688 | |
| VORTEX (21): | 1.0399 | |
| Stochastique (14,3,5): | 79.09 | |
| TEMA (21): | 4.4698 | |
| Williams %R (14): | -22.88 | |
| Chande Momentum Oscillator (20): | 0.0081 | |
| Repulse (5,40,3): | 0.0423 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0019 | |
| Courbe Coppock: | 0.25 |
| MA7: | 4.4632 | |
| MA20: | 4.4549 | |
| MA50: | 4.4859 | |
| MA100: | 4.4703 | |
| MAexp7: | 4.4687 | |
| MAexp20: | 4.4667 | |
| MAexp50: | 4.4653 | |
| MAexp100: | 4.4638 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | +0.25% | |
| Price / MA50: | -0.44% | |
| Price / MA100: | -0.09% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.05% |
Quotes :
2020-07-06 13:38:57
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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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