EUR/PLN - 1H - Technical analysis published on 07/10/2020 (GMT)
- 79
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
17%
17%
My opinion
Bullish above 4.4686 PLN
My targets
4.4861 PLN (+0.0086)
4.4979 PLN (+0.0204)
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 4.4686 PLN. The buyers” bullish objective is set at 4.4861 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
7.3
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:
Additional analysis
Quotes
The EUR/PLN price is 4.4775 PLN. On the day, this instrument gained +0.21% with the lowest point at 4.4667 PLN and the highest point at 4.4810 PLN. The deviation from the price is +0.24% for the low point and -0.08% for the high point.4.4667
4.4810
4.4775
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
Abnormal volumes on EUR/PLN were detected by the Central Volumes scanner:
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. 89.29% 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. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 4.4611 | 4.4686 | 4.4736 | 4.4775 | 4.4777 | 4.4861 | 4.4979 |
| Change (%) | -0.37% | -0.20% | -0.09% | - | +0.00% | +0.19% | +0.46% |
| Change | -0.0164 | -0.0089 | -0.0039 | - | +0.0002 | +0.0086 | +0.0204 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | 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 | 4.4382 | 4.4496 | 4.4589 | 4.4703 | 4.4796 | 4.4910 | 4.5003 |
| Camarilla | 4.4626 | 4.4645 | 4.4664 | 4.4683 | 4.4702 | 4.4721 | 4.4740 |
| Woodie | 4.4373 | 4.4491 | 4.4580 | 4.4698 | 4.4787 | 4.4905 | 4.4994 |
| Fibonacci | 4.4496 | 4.4575 | 4.4624 | 4.4703 | 4.4782 | 4.4831 | 4.4910 |
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): | 55.07 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 9.4103 | |
| AROON (14): | -7.1428 | |
| DEMA (21): | 4.4733 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4811 | |
| Elder Ray (13): | 0.0025 | |
| Super Trend (3,10): | 4.4618 | |
| Zig ZAG (10): | 4.4772 | |
| VORTEX (21): | 1.1129 | |
| Stochastique (14,3,5): | 42.21 | |
| TEMA (21): | 4.4735 | |
| Williams %R (14): | -64.94 | |
| Chande Momentum Oscillator (20): | 0.0019 | |
| Repulse (5,40,3): | -0.0315 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0003 | |
| Courbe Coppock: | 0.21 |
| MA7: | 4.4689 | |
| MA20: | 4.4585 | |
| MA50: | 4.4796 | |
| MA100: | 4.4781 | |
| MAexp7: | 4.4734 | |
| MAexp20: | 4.4726 | |
| MAexp50: | 4.4722 | |
| MAexp100: | 4.4709 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | +0.43% | |
| Price / MA50: | -0.05% | |
| Price / MA100: | -0.01% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.15% |
Quotes :
2020-07-10 09:21:12
-
Real time data
-
Forex
News
Don"t forget to follow the news on EUR/PLN. At the time of publication of this analysis, the latest news was as follows:
-
Where Is EUR/PLN Heading?
-
Volatility Expected For EUR/PLN
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/PLN - 1H