EUR/PLN
EUR PLN
- PLN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURPLN
ISIN:

EUR/PLN - 1H - Technical analysis published on 10/23/2020 (GMT)

  • 100
  • 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

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 4.5681 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

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Maciej Mazur. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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:

Central Indicators

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

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:

Central Patterns

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:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
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
Standard4.53454.55004.56134.57684.58814.60364.6149
Camarilla4.56514.56764.57004.57254.57504.57744.5799
Woodie4.53234.54904.55914.57584.58594.60264.6127
Fibonacci4.55004.56034.56664.57684.58714.59344.6036


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.34684.40094.47384.52794.60084.65494.7278
Camarilla4.51184.52344.53514.54674.55834.57004.5816
Woodie4.35624.40564.48324.53264.61024.65964.7372
Fibonacci4.40094.44944.47944.52794.57644.60644.6549


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.19834.29114.41134.50414.62434.71714.8373
Camarilla4.47294.49254.51204.53154.55104.57064.5901
Woodie4.21204.29804.42504.51104.63804.72404.8510
Fibonacci4.29114.37254.42274.50414.58554.63574.7171

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 - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Online

Overall rating :
15090
Number of analyses :
Followers :
0
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…

Add a comment

no pic

Comments

0 comments on the analysis EUR/PLN - 1H