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:
Bearish
De fond:
Bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 4.5352 PLN
My targets
4.5912 PLN (+0.0251)
4.6033 PLN (+0.0372)
My analysis
With a bullish background trend, the price of EUR/PLN is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 4.5352 PLN. A bullish break in the resistance located at 4.5912 PLN would boost the bullish momentum and fuel the basic trend. Then the price could move towards 4.6033 PLN. Then by extension. It would be safer to wait for a bullish break in the resistance located at 4.5912 PLN before allowing yourself to re trade long positions (at purchase) on EUR/PLN. PS: if there is a bearish break in the support located at 4.5352 PLN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
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
2.3
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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 price is 4.5661 PLN. On the day, this instrument gained +0.08% with the lowest point at 4.5522 PLN and the highest point at 4.5946 PLN. The deviation from the price is +0.31% for the low point and -0.62% for the high point.4.5522
4.5946
4.5661
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
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 bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of triangle is broken
Type : Bullish
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 | 4.4550 | 4.4910 | 4.5352 | 4.5661 | 4.5681 | 4.5912 | 4.6033 |
| Change (%) | -2.43% | -1.64% | -0.68% | - | +0.04% | +0.55% | +0.81% |
| Change | -0.1111 | -0.0751 | -0.0309 | - | +0.0020 | +0.0251 | +0.0372 |
| Level | Intermediate | Major | Intermediate | - | 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 |
|---|---|---|---|---|---|---|---|
| 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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 50.77 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 4.5872 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 4.5722 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5646 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 4.5610 | |
| Zig ZAG (10): | 4.5722 | |
| VORTEX (21): | 1.0769 | |
| Stochastique (14,3,5): | 48.19 | |
| TEMA (21): | 4.5739 | |
| Williams %R (14): | -50.94 | |
| Chande Momentum Oscillator (20): | 0.0110 | |
| Repulse (5,40,3): | -0.0614 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0012 | |
| Courbe Coppock: | 0.53 |
| MA7: | 4.5446 | |
| MA20: | 4.5217 | |
| MA50: | 4.4658 | |
| MA100: | 4.4538 | |
| MAexp7: | 4.5727 | |
| MAexp20: | 4.5706 | |
| MAexp50: | 4.5673 | |
| MAexp100: | 4.5567 | |
| Price / MA7: | +0.47% | |
| Price / MA20: | +0.98% | |
| Price / MA50: | +2.25% | |
| Price / MA100: | +2.52% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | +0.21% |
Quotes :
2020-10-21 14:46:23
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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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