EUR/PLN - 1H - Technical analysis published on 10/29/2020 (GMT)
- 81
- 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:
Neutral
De fond:
Bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 4.6118 PLN
My targets
4.6353 PLN (+0.0067)
4.6577 PLN (+0.0291)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 4.6118 PLN remains possible. It is advisable to trade EUR/PLN with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 4.6118 PLN. The next bullish objective for buyers is set at 4.6353 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.6577 PLN. If there is any crossing, the next objective would be the resistance located at 4.9093 PLN. PS: if there is a bearish break in the support located at 4.6118 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.3
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
EUR/PLN rating 4.6286 PLN. The price is lower by -0.07% since the last closing and was traded between 4.6185 PLN and 4.6459 PLN over the period. The price is currently at +0.22% from its lowest and -0.37% from its highest.4.6185
4.6459
4.6286
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/PLN:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/PLN chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
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 Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 4.5910 | 4.6033 | 4.6118 | 4.6286 | 4.6353 | 4.9093 |
| Change (%) | -0.81% | -0.55% | -0.36% | - | +0.14% | +6.06% |
| Change | -0.0376 | -0.0253 | -0.0168 | - | +0.0067 | +0.2807 |
| Level | Intermediate | Major | Minor | - | Intermediate | 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 | 4.5454 | 4.5640 | 4.5980 | 4.6166 | 4.6506 | 4.6692 | 4.7032 |
| Camarilla | 4.6174 | 4.6223 | 4.6271 | 4.6319 | 4.6367 | 4.6415 | 4.6464 |
| Woodie | 4.5530 | 4.5679 | 4.6056 | 4.6205 | 4.6582 | 4.6731 | 4.7108 |
| Fibonacci | 4.5640 | 4.5841 | 4.5965 | 4.6166 | 4.6367 | 4.6491 | 4.6692 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4798 | 4.5076 | 4.5391 | 4.5669 | 4.5984 | 4.6262 | 4.6577 |
| Camarilla | 4.5544 | 4.5598 | 4.5653 | 4.5707 | 4.5761 | 4.5816 | 4.5870 |
| Woodie | 4.4818 | 4.5085 | 4.5411 | 4.5678 | 4.6004 | 4.6271 | 4.6597 |
| Fibonacci | 4.5076 | 4.5302 | 4.5442 | 4.5669 | 4.5895 | 4.6035 | 4.6262 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.58 | |
| MACD (12,26,9): | 0.0069 | |
| Directional Movement: | 4.8185 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 4.6385 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.6231 | |
| Elder Ray (13): | 0.0059 | |
| Super Trend (3,10): | 4.6199 | |
| Zig ZAG (10): | 4.6330 | |
| VORTEX (21): | 1.1494 | |
| Stochastique (14,3,5): | 76.36 | |
| TEMA (21): | 4.6363 | |
| Williams %R (14): | -58.03 | |
| Chande Momentum Oscillator (20): | -0.0017 | |
| Repulse (5,40,3): | -0.2010 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0234 | |
| Courbe Coppock: | 0.16 |
| MA7: | 4.5920 | |
| MA20: | 4.5391 | |
| MA50: | 4.4903 | |
| MA100: | 4.4629 | |
| MAexp7: | 4.6337 | |
| MAexp20: | 4.6295 | |
| MAexp50: | 4.6146 | |
| MAexp100: | 4.6000 | |
| Price / MA7: | +0.80% | |
| Price / MA20: | +1.97% | |
| Price / MA50: | +3.08% | |
| Price / MA100: | +3.71% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.63% |
Quotes :
2020-10-29 12:53:33
-
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