EUR/PLN - 1H - Technical analysis published on 10/23/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 4.5681 PLN
My targets
4.6033 PLN (+0.0211)
4.6549 PLN (+0.0727)
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 4.5681 PLN. The buyers” bullish objective is set at 4.6033 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.6549 PLN. If there is any crossing, the next objective would be the resistance located at 4.9093 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
7.9
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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 4.5822 PLN. On the day, this instrument gained +0.21% with the lowest point at 4.5708 PLN and the highest point at 4.5902 PLN. The deviation from the price is +0.25% for the low point and -0.17% for the high point.4.5708
4.5902
4.5822
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. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
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
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 4.5521 | 4.5681 | 4.5820 | 4.5822 | 4.6033 | 4.9093 |
Change (%) | -0.66% | -0.31% | +0.00% | - | +0.46% | +7.14% |
Change | -0.0301 | -0.0141 | -0.0002 | - | +0.0211 | +0.3271 |
Level | Minor | 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 | 4.5345 | 4.5500 | 4.5613 | 4.5768 | 4.5881 | 4.6036 | 4.6149 |
Camarilla | 4.5651 | 4.5676 | 4.5700 | 4.5725 | 4.5750 | 4.5774 | 4.5799 |
Woodie | 4.5323 | 4.5490 | 4.5591 | 4.5758 | 4.5859 | 4.6026 | 4.6127 |
Fibonacci | 4.5500 | 4.5603 | 4.5666 | 4.5768 | 4.5871 | 4.5934 | 4.6036 |
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): | 62.13 | |
MACD (12,26,9): | 0.0017 | |
Directional Movement: | 1.6113 | |
AROON (14): | 21.4286 | |
DEMA (21): | 4.5809 | |
Parabolic SAR (0,02-0,02-0,2): | 4.5707 | |
Elder Ray (13): | 0.0060 | |
Super Trend (3,10): | 4.5690 | |
Zig ZAG (10): | 4.5899 | |
VORTEX (21): | 1.1132 | |
Stochastique (14,3,5): | 70.70 | |
TEMA (21): | 4.5832 | |
Williams %R (14): | -13.92 | |
Chande Momentum Oscillator (20): | 0.0118 | |
Repulse (5,40,3): | 0.1433 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0029 | |
Courbe Coppock: | 0.32 |
MA7: | 4.5655 | |
MA20: | 4.5246 | |
MA50: | 4.4731 | |
MA100: | 4.4566 | |
MAexp7: | 4.5816 | |
MAexp20: | 4.5787 | |
MAexp50: | 4.5761 | |
MAexp100: | 4.5691 | |
Price / MA7: | +0.37% | |
Price / MA20: | +1.27% | |
Price / MA50: | +2.44% | |
Price / MA100: | +2.82% | |
Price / MAexp7: | +0.01% | |
Price / MAexp20: | +0.08% | |
Price / MAexp50: | +0.13% | |
Price / MAexp100: | +0.29% |
Quotes :
2020-10-23 12:21:30
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Real time data
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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
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…
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