EUR/PLN
EUR PLN
- PLN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
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 : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 4.4660 PLN
My targets
4.4805 PLN (+0.0067)
4.4979 PLN (+0.0241)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/PLN as long as the price remains well above 4.4660 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. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
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

EUR/PLN rating 4.4738 PLN. The price registered an increase of +0.20% on the session and was between 4.4617 PLN and 4.4756 PLN. This implies that the price is at +0.27% from its lowest and at -0.04% from its highest.

4.4617
4.4756
4.4738

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EUR/PLN:
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


Technical analysis of this 1H chart of EUR/PLN indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Parabolic SAR indicator bearish reversal

Type : Bearish

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:

Central Patterns

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


S3S2S1PriceR1R2R3
ProTrendLines 4.4563 4.4605 4.4660 4.4738 4.4740 4.4805 4.4979
Change (%) -0.39% -0.30% -0.17% - +0.00% +0.15% +0.54%
Change -0.0175 -0.0133 -0.0078 - +0.0002 +0.0067 +0.0241
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 57.72
MACD (12,26,9): 0.0012
Directional Movement: -5.3877
AROON (14): 57.1429
DEMA (21): 4.4691
Parabolic SAR (0,02-0,02-0,2): 4.4730
Elder Ray (13): 0.0013
Super Trend (3,10): 4.4605
Zig ZAG (10): 4.4697
VORTEX (21): 1.0468
Stochastique (14,3,5): 69.51
TEMA (21): 4.4705
Williams %R (14): -12.26
Chande Momentum Oscillator (20): 0.0054
Repulse (5,40,3): 0.1124
ROCnROLL: 1
TRIX (15,9): 0.0025
Courbe Coppock: 0.21
MA7: 4.4628
MA20: 4.4561
MA50: 4.4842
MA100: 4.4722
MAexp7: 4.4696
MAexp20: 4.4674
MAexp50: 4.4662
MAexp100: 4.4647
Price / MA7: +0.25%
Price / MA20: +0.40%
Price / MA50: -0.23%
Price / MA100: +0.04%
Price / MAexp7: +0.09%
Price / MAexp20: +0.14%
Price / MAexp50: +0.17%
Price / MAexp100: +0.20%

Quotes : 2020-07-07 14:55:49 - Real time data - Forex

News


The latest news and videos published on EUR/PLN at the time of the analysis were as follows:

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

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