EUR/PLN
EUR PLN
- PLN (-)
- Real time data - Forex
Open: -
Change: -
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High / Low range: -
Type: Forex
Ticker: EURPLN
ISIN:

EUR/PLN - 1H - Technical analysis published on 07/07/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 4.4660 PLN
My targets
4.4805 PLN (+0.0092)
4.4979 PLN (+0.0266)
My analysis
The bullish trend is currently very strong on EUR/PLN. As long as the price remains above the support at 4.4660 PLN, you could try to benefit from the boom. The first bullish objective is located at 4.4805 PLN. The bullish momentum would be boosted by a break in this resistance. 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. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Maciej Mazur. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/PLN price is 4.4713 PLN. The price registered an increase of +0.15% on the session and was traded between 4.4617 PLN and 4.4732 PLN over the period. The price is currently at +0.22% from its lowest and -0.04% from its highest.

4.4617
4.4732
4.4713

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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:

Central Volumes

Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


A technical analysis in 1H of this EUR/PLN chart shows a strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

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:

Central Patterns

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


S3S2S1PriceR1R2R3
ProTrendLines 4.4563 4.4605 4.4660 4.4713 4.4740 4.4805 4.4979
Change (%) -0.34% -0.24% -0.12% - +0.06% +0.21% +0.59%
Change -0.0150 -0.0108 -0.0053 - +0.0027 +0.0092 +0.0266
Level Intermediate Intermediate Minor - Major Minor Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.44224.45034.45754.46564.47284.48094.4881
Camarilla4.46054.46194.46334.46474.46614.46754.4689
Woodie4.44184.45014.45714.46544.47244.48074.4877
Fibonacci4.45034.45614.45984.46564.47144.47514.4809


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.39214.41334.43824.45944.48434.50554.5304
Camarilla4.45054.45484.45904.46324.46744.47174.4759
Woodie4.39414.41424.44024.46034.48634.50644.5324
Fibonacci4.41334.43094.44184.45944.47704.48794.5055


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.27254.32184.38414.43344.49574.54504.6073
Camarilla4.41564.42584.43614.44634.45654.46684.4770
Woodie4.27894.32514.39054.43674.50214.54834.6137
Fibonacci4.32184.36454.39084.43344.47614.50244.5450

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): 57.88
MACD (12,26,9): 0.0003
Directional Movement: 6.2463
AROON (14): 50.0000
DEMA (21): 4.4661
Parabolic SAR (0,02-0,02-0,2): 4.4611
Elder Ray (13): 0.0010
Super Trend (3,10): 4.4605
Zig ZAG (10): 4.4710
VORTEX (21): 0.9172
Stochastique (14,3,5): 63.74
TEMA (21): 4.4666
Williams %R (14): -19.05
Chande Momentum Oscillator (20): 0.0056
Repulse (5,40,3): 0.1093
ROCnROLL: 1
TRIX (15,9): 0.0004
Courbe Coppock: 0.07
MA7: 4.4621
MA20: 4.4562
MA50: 4.4843
MA100: 4.4722
MAexp7: 4.4660
MAexp20: 4.4658
MAexp50: 4.4653
MAexp100: 4.4641
Price / MA7: +0.21%
Price / MA20: +0.34%
Price / MA50: -0.29%
Price / MA100: -0.02%
Price / MAexp7: +0.12%
Price / MAexp20: +0.12%
Price / MAexp50: +0.13%
Price / MAexp100: +0.16%

Quotes : 2020-07-07 09:00:26 - Real time data - Forex

News


The last news published on EUR/PLN at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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