EUR/PLN - 1H - Technical analysis published on 10/29/2020 (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
17%
33%
50%
My opinion
Bullish above 4.6033 PLN
My targets
4.6353 PLN (+0.0229)
4.6577 PLN (+0.0453)
My analysis
The basic trend is bullish on EUR/PLN and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 4.6033 PLN. Sellers would then use the next support located at 4.5910 PLN as an objective. Crossing it would then enable sellers to target 4.5688 PLN. If there is a return to above the resistance located at 4.6353 PLN, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 4.6577 PLN and 4.9093 PLN by extension.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
0.9
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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 price is 4.6124 PLN. The price is lower by -0.42% since the last closing with the lowest point at 4.6109 PLN and the highest point at 4.6459 PLN. The deviation from the price is +0.03% for the low point and -0.72% for the high point.4.6109
4.6459
4.6124
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
Technical analysis of EUR/PLN in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 3 are bullish, 9 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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 | 4.6124 | 4.6353 | 4.9093 |
| Change (%) | -0.46% | -0.20% | -0.01% | - | +0.50% | +6.44% |
| Change | -0.0214 | -0.0091 | -0.0006 | - | +0.0229 | +0.2969 |
| 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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.15 | |
| MACD (12,26,9): | 0.0048 | |
| Directional Movement: | -7.6968 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 4.6358 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.6459 | |
| Elder Ray (13): | -0.0061 | |
| Super Trend (3,10): | 4.6199 | |
| Zig ZAG (10): | 4.6223 | |
| VORTEX (21): | 1.0192 | |
| Stochastique (14,3,5): | 41.73 | |
| TEMA (21): | 4.6317 | |
| Williams %R (14): | -86.10 | |
| Chande Momentum Oscillator (20): | -0.0122 | |
| Repulse (5,40,3): | -0.3587 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0217 | |
| Courbe Coppock: | 0.02 |
| MA7: | 4.5901 | |
| MA20: | 4.5382 | |
| MA50: | 4.4900 | |
| MA100: | 4.4627 | |
| MAexp7: | 4.6290 | |
| MAexp20: | 4.6275 | |
| MAexp50: | 4.6145 | |
| MAexp100: | 4.6003 | |
| Price / MA7: | +0.49% | |
| Price / MA20: | +1.64% | |
| Price / MA50: | +2.73% | |
| Price / MA100: | +3.35% | |
| Price / MAexp7: | -0.36% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | +0.26% |
Quotes :
2020-10-29 14:03:30
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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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