EUR/PLN - 1H - Technical analysis published on 08/04/2020 (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:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 4.4132 PLN
My targets
4.3990 PLN (-0.0062)
4.3899 PLN (-0.0153)
My analysis
The bearish trend is currently very strong for EUR/PLN. As long as the price remains below the resistance at 4.4132 PLN, you could try to take advantage of the bearish rally. The first bearish objective is located at 4.3990 PLN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.3899 PLN as an objective. Crossing it would then enable sellers to target 4.3241 PLN. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5
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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
EUR/PLN rating 4.4052 PLN. The price registered a decrease of -0.17% on the session and was between 4.3979 PLN and 4.4136 PLN. This implies that the price is at +0.17% from its lowest and at -0.19% from its highest.4.3979
4.4136
4.4052
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on EUR/PLN were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of EUR/PLN indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 4 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle 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 | 4.3241 | 4.3899 | 4.3990 | 4.4052 | 4.4068 | 4.4132 | 4.4162 |
| Change (%) | -1.84% | -0.35% | -0.14% | - | +0.04% | +0.18% | +0.25% |
| Change | -0.0811 | -0.0153 | -0.0062 | - | +0.0016 | +0.0080 | +0.0110 |
| Level | Intermediate | Major | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3853 | 4.3960 | 4.4043 | 4.4150 | 4.4233 | 4.4340 | 4.4423 |
| Camarilla | 4.4073 | 4.4090 | 4.4108 | 4.4125 | 4.4142 | 4.4160 | 4.4177 |
| Woodie | 4.3840 | 4.3954 | 4.4030 | 4.4144 | 4.4220 | 4.4334 | 4.4410 |
| Fibonacci | 4.3960 | 4.4033 | 4.4078 | 4.4150 | 4.4223 | 4.4268 | 4.4340 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3573 | 4.3733 | 4.3945 | 4.4105 | 4.4317 | 4.4477 | 4.4689 |
| Camarilla | 4.4054 | 4.4088 | 4.4122 | 4.4156 | 4.4190 | 4.4224 | 4.4258 |
| Woodie | 4.3598 | 4.3746 | 4.3970 | 4.4118 | 4.4342 | 4.4490 | 4.4714 |
| Fibonacci | 4.3733 | 4.3875 | 4.3963 | 4.4105 | 4.4247 | 4.4335 | 4.4477 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2653 | 4.3273 | 4.3715 | 4.4335 | 4.4777 | 4.5397 | 4.5839 |
| Camarilla | 4.3864 | 4.3961 | 4.4059 | 4.4156 | 4.4253 | 4.4351 | 4.4448 |
| Woodie | 4.2563 | 4.3229 | 4.3625 | 4.4291 | 4.4687 | 4.5353 | 4.5749 |
| Fibonacci | 4.3273 | 4.3679 | 4.3930 | 4.4335 | 4.4741 | 4.4992 | 4.5397 |
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): | 38.15 | |
| MACD (12,26,9): | -0.0027 | |
| Directional Movement: | -20.5467 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 4.4071 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4196 | |
| Elder Ray (13): | -0.0048 | |
| Super Trend (3,10): | 4.4112 | |
| Zig ZAG (10): | 4.4086 | |
| VORTEX (21): | 0.7295 | |
| Stochastique (14,3,5): | 25.87 | |
| TEMA (21): | 4.4047 | |
| Williams %R (14): | -45.86 | |
| Chande Momentum Oscillator (20): | -0.0058 | |
| Repulse (5,40,3): | 0.0150 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0057 | |
| Courbe Coppock: | 0.29 |
| MA7: | 4.4080 | |
| MA20: | 4.4394 | |
| MA50: | 4.4437 | |
| MA100: | 4.4944 | |
| MAexp7: | 4.4068 | |
| MAexp20: | 4.4101 | |
| MAexp50: | 4.4120 | |
| MAexp100: | 4.4121 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | -0.77% | |
| Price / MA50: | -0.87% | |
| Price / MA100: | -1.98% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.16% |
Quotes :
2020-08-04 11:21:51
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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.
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