EUR/PLN - 1H - Technical analysis published on 10/21/2020 (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
61%
6%
33%
My opinion
Bullish above 4.5681 PLN
My targets
4.5912 PLN (+0.0168)
4.6033 PLN (+0.0289)
My analysis
The bullish trend is currently very strong on EUR/PLN. As long as the price remains above the support at 4.5681 PLN, you could try to benefit from the boom. The first bullish objective is located at 4.5912 PLN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.6033 PLN as an objective. Crossing it would then enable buyers to target 4.9093 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
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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
The EUR/PLN rating is 4.5744 PLN. On the day, this instrument gained +0.26% and was traded between 4.5522 PLN and 4.5946 PLN over the period. The price is currently at +0.49% from its lowest and -0.44% from its highest.4.5522
4.5946
4.5744
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/PLN chart shows a strongly bullish trend. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 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 this result:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.4910 | 4.5352 | 4.5681 | 4.5744 | 4.5912 | 4.6033 | 4.9093 |
| Change (%) | -1.82% | -0.86% | -0.14% | - | +0.37% | +0.63% | +7.32% |
| Change | -0.0834 | -0.0392 | -0.0063 | - | +0.0168 | +0.0289 | +0.3349 |
| Level | Major | Intermediate | Major | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5193 | 4.5394 | 4.5510 | 4.5711 | 4.5827 | 4.6028 | 4.6144 |
| Camarilla | 4.5539 | 4.5568 | 4.5597 | 4.5626 | 4.5655 | 4.5684 | 4.5713 |
| Woodie | 4.5151 | 4.5373 | 4.5468 | 4.5690 | 4.5785 | 4.6007 | 4.6102 |
| Fibonacci | 4.5394 | 4.5515 | 4.5590 | 4.5711 | 4.5832 | 4.5907 | 4.6028 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3468 | 4.4009 | 4.4738 | 4.5279 | 4.6008 | 4.6549 | 4.7278 |
| Camarilla | 4.5118 | 4.5234 | 4.5351 | 4.5467 | 4.5583 | 4.5700 | 4.5816 |
| Woodie | 4.3562 | 4.4056 | 4.4832 | 4.5326 | 4.6102 | 4.6596 | 4.7372 |
| Fibonacci | 4.4009 | 4.4494 | 4.4794 | 4.5279 | 4.5764 | 4.6064 | 4.6549 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.1983 | 4.2911 | 4.4113 | 4.5041 | 4.6243 | 4.7171 | 4.8373 |
| Camarilla | 4.4729 | 4.4925 | 4.5120 | 4.5315 | 4.5510 | 4.5706 | 4.5901 |
| Woodie | 4.2120 | 4.2980 | 4.4250 | 4.5110 | 4.6380 | 4.7240 | 4.8510 |
| Fibonacci | 4.2911 | 4.3725 | 4.4227 | 4.5041 | 4.5855 | 4.6357 | 4.7171 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.75 | |
| MACD (12,26,9): | 0.0021 | |
| Directional Movement: | 1.9690 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 4.5715 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5584 | |
| Elder Ray (13): | 0.0053 | |
| Super Trend (3,10): | 4.5610 | |
| Zig ZAG (10): | 4.5742 | |
| VORTEX (21): | 1.0312 | |
| Stochastique (14,3,5): | 68.24 | |
| TEMA (21): | 4.5732 | |
| Williams %R (14): | -48.82 | |
| Chande Momentum Oscillator (20): | 0.0114 | |
| Repulse (5,40,3): | -0.1164 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0023 | |
| Courbe Coppock: | 0.48 |
| MA7: | 4.5450 | |
| MA20: | 4.5217 | |
| MA50: | 4.4659 | |
| MA100: | 4.4538 | |
| MAexp7: | 4.5743 | |
| MAexp20: | 4.5700 | |
| MAexp50: | 4.5668 | |
| MAexp100: | 4.5561 | |
| Price / MA7: | +0.65% | |
| Price / MA20: | +1.17% | |
| Price / MA50: | +2.43% | |
| Price / MA100: | +2.71% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.40% |
Quotes :
2020-10-21 12:09:57
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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.
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