EUR/PLN - 1H - Technical analysis published on 09/18/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 4.4534 PLN
My targets
4.4918 PLN (+0.0311)
4.4999 PLN (+0.0392)
My analysis
EUR/PLN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4.4534 PLN. The next resistance located at 4.4918 PLN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4.4999 PLN. After this resistance, buyers could then target 4.5681 PLN. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/PLN price is 4.4607 PLN. On the day, this instrument gained +0.14% with the lowest point at 4.4479 PLN and the highest point at 4.4607 PLN. The deviation from the price is +0.29% for the low point and 0% for the high point.4.4479
4.4607
4.4607
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
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/PLN in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.4477 | 4.4534 | 4.4578 | 4.4607 | 4.4612 | 4.4918 | 4.5681 |
| Change (%) | -0.29% | -0.16% | -0.07% | - | +0.01% | +0.70% | +2.41% |
| Change | -0.0130 | -0.0073 | -0.0029 | - | +0.0005 | +0.0311 | +0.1074 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4345 | 4.4411 | 4.4479 | 4.4545 | 4.4613 | 4.4679 | 4.4747 |
| Camarilla | 4.4510 | 4.4522 | 4.4535 | 4.4547 | 4.4559 | 4.4572 | 4.4584 |
| Woodie | 4.4346 | 4.4412 | 4.4480 | 4.4546 | 4.4614 | 4.4680 | 4.4748 |
| Fibonacci | 4.4411 | 4.4462 | 4.4494 | 4.4545 | 4.4596 | 4.4628 | 4.4679 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3973 | 4.4148 | 4.4315 | 4.4490 | 4.4657 | 4.4832 | 4.4999 |
| Camarilla | 4.4388 | 4.4419 | 4.4451 | 4.4482 | 4.4513 | 4.4545 | 4.4576 |
| Woodie | 4.3969 | 4.4146 | 4.4311 | 4.4488 | 4.4653 | 4.4830 | 4.4995 |
| Fibonacci | 4.4148 | 4.4279 | 4.4359 | 4.4490 | 4.4621 | 4.4701 | 4.4832 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3214 | 4.3480 | 4.3727 | 4.3993 | 4.4240 | 4.4506 | 4.4753 |
| Camarilla | 4.3834 | 4.3881 | 4.3928 | 4.3975 | 4.4022 | 4.4069 | 4.4116 |
| Woodie | 4.3206 | 4.3475 | 4.3719 | 4.3988 | 4.4232 | 4.4501 | 4.4745 |
| Fibonacci | 4.3480 | 4.3676 | 4.3797 | 4.3993 | 4.4189 | 4.4310 | 4.4506 |
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): | 58.96 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 8.0537 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 4.4561 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4487 | |
| Elder Ray (13): | 0.0040 | |
| Super Trend (3,10): | 4.4482 | |
| Zig ZAG (10): | 4.4598 | |
| VORTEX (21): | 1.1014 | |
| Stochastique (14,3,5): | 94.16 | |
| TEMA (21): | 4.4566 | |
| Williams %R (14): | -2.36 | |
| Chande Momentum Oscillator (20): | 0.0056 | |
| Repulse (5,40,3): | 0.1204 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0012 | |
| Courbe Coppock: | 0.06 |
| MA7: | 4.4525 | |
| MA20: | 4.4297 | |
| MA50: | 4.4235 | |
| MA100: | 4.4514 | |
| MAexp7: | 4.4565 | |
| MAexp20: | 4.4550 | |
| MAexp50: | 4.4537 | |
| MAexp100: | 4.4522 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | +0.70% | |
| Price / MA50: | +0.84% | |
| Price / MA100: | +0.21% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.19% |
Quotes :
2020-09-18 12:32:56
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Real time data
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Forex
News
The latest news and videos published on EUR/PLN at the time of the analysis were as follows:
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Where Is EUR/PLN Heading?
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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.
About author
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