EUR/PLN - 1H - Technical analysis published on 10/23/2020 (GMT)
- 92
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- 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 bearish
De fond:
Bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 4.5820 PLN
My targets
4.5521 PLN (-0.0162)
4.5352 PLN (-0.0331)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/PLN as long as the price remains well below 4.5820 PLN. The sellers” bearish objective is set at 4.5521 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.5352 PLN. In case of crossing, the next objective would be the support located at 4.4910 PLN.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.1
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:
Additional analysis
Quotes
The EUR/PLN rating is 4.5683 PLN. The price is lower by -0.09% since the last closing and was between 4.5675 PLN and 4.5908 PLN. This implies that the price is at +0.02% from its lowest and at -0.49% from its highest.4.5675
4.5908
4.5683
Here is a more detailed summary of the historical variations registered by EUR/PLN:
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 an overall bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.5352 | 4.5521 | 4.5681 | 4.5683 | 4.5820 | 4.6033 | 4.9093 |
| Change (%) | -0.72% | -0.35% | +0.00% | - | +0.30% | +0.77% | +7.46% |
| Change | -0.0331 | -0.0162 | -0.0002 | - | +0.0137 | +0.0350 | +0.3410 |
| Level | Minor | Minor | Major | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
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): | 40.48 | |
| MACD (12,26,9): | -0.0020 | |
| Directional Movement: | -10.6356 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 4.5746 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5871 | |
| Elder Ray (13): | -0.0066 | |
| Super Trend (3,10): | 4.5872 | |
| Zig ZAG (10): | 4.5687 | |
| VORTEX (21): | 0.9708 | |
| Stochastique (14,3,5): | 2.43 | |
| TEMA (21): | 4.5723 | |
| Williams %R (14): | -94.85 | |
| Chande Momentum Oscillator (20): | -0.0054 | |
| Repulse (5,40,3): | -0.1326 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0004 | |
| Courbe Coppock: | 0.19 |
| MA7: | 4.5635 | |
| MA20: | 4.5236 | |
| MA50: | 4.4727 | |
| MA100: | 4.4564 | |
| MAexp7: | 4.5716 | |
| MAexp20: | 4.5752 | |
| MAexp50: | 4.5754 | |
| MAexp100: | 4.5698 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | +0.99% | |
| Price / MA50: | +2.14% | |
| Price / MA100: | +2.51% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.03% |
Quotes :
2020-10-23 20:40:56
-
Real time data
-
Forex
News
The latest news and videos published on EUR/PLN at the time of the analysis were 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
Online
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
Comments
0 comments on the analysis EUR/PLN - 1H