EUR/PLN - 1H - Technical analysis published on 11/09/2020 (GMT)
- 100
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 4.5057 PLN
My targets
4.4652 PLN (-0.0325)
4.4576 PLN (-0.0401)
My analysis
EUR/PLN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4.5057 PLN. The next support located at 4.4652 PLN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 4.4576 PLN. Below this support, sellers could then target 4.3940 PLN. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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 4.4977 PLN. On the day, this instrument lost -0.19% and was between 4.4906 PLN and 4.5058 PLN. This implies that the price is at +0.16% from its lowest and at -0.18% from its highest.4.4906
4.5058
4.4977
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:
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 this 1H chart of EUR/PLN indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 6 are bullish, 3 are neutral and 9 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.3241 | 4.3940 | 4.4576 | 4.4977 | 4.5057 | 4.5191 | 4.5422 |
| Change (%) | -3.86% | -2.31% | -0.89% | - | +0.18% | +0.48% | +0.99% |
| Change | -0.1736 | -0.1037 | -0.0401 | - | +0.0080 | +0.0214 | +0.0445 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4479 | 4.4740 | 4.4901 | 4.5162 | 4.5323 | 4.5584 | 4.5745 |
| Camarilla | 4.4947 | 4.4986 | 4.5024 | 4.5063 | 4.5102 | 4.5140 | 4.5179 |
| Woodie | 4.4430 | 4.4715 | 4.4852 | 4.5137 | 4.5274 | 4.5559 | 4.5696 |
| Fibonacci | 4.4740 | 4.4901 | 4.5001 | 4.5162 | 4.5323 | 4.5423 | 4.5584 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3481 | 4.4240 | 4.4652 | 4.5411 | 4.5823 | 4.6582 | 4.6994 |
| Camarilla | 4.4741 | 4.4848 | 4.4956 | 4.5063 | 4.5170 | 4.5278 | 4.5385 |
| Woodie | 4.3307 | 4.4153 | 4.4478 | 4.5324 | 4.5649 | 4.6495 | 4.6820 |
| Fibonacci | 4.4240 | 4.4688 | 4.4964 | 4.5411 | 4.5859 | 4.6135 | 4.6582 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3013 | 4.3782 | 4.4922 | 4.5691 | 4.6831 | 4.7600 | 4.8740 |
| Camarilla | 4.5538 | 4.5713 | 4.5888 | 4.6063 | 4.6238 | 4.6413 | 4.6588 |
| Woodie | 4.3200 | 4.3875 | 4.5109 | 4.5784 | 4.7018 | 4.7693 | 4.8927 |
| Fibonacci | 4.3782 | 4.4511 | 4.4961 | 4.5691 | 4.6420 | 4.6870 | 4.7600 |
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): | 33.74 | |
| MACD (12,26,9): | -0.0065 | |
| Directional Movement: | -13.0747 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 4.4965 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5053 | |
| Elder Ray (13): | -0.0060 | |
| Super Trend (3,10): | 4.5113 | |
| Zig ZAG (10): | 4.4929 | |
| VORTEX (21): | 0.8527 | |
| Stochastique (14,3,5): | 35.87 | |
| TEMA (21): | 4.4965 | |
| Williams %R (14): | -42.68 | |
| Chande Momentum Oscillator (20): | -0.0042 | |
| Repulse (5,40,3): | 0.1372 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0213 | |
| Courbe Coppock: | 0.56 |
| MA7: | 4.5465 | |
| MA20: | 4.5602 | |
| MA50: | 4.5102 | |
| MA100: | 4.4697 | |
| MAexp7: | 4.5000 | |
| MAexp20: | 4.5056 | |
| MAexp50: | 4.5178 | |
| MAexp100: | 4.5354 | |
| Price / MA7: | -1.07% | |
| Price / MA20: | -1.37% | |
| Price / MA50: | -0.28% | |
| Price / MA100: | +0.63% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.45% | |
| Price / MAexp100: | -0.83% |
Quotes :
2020-11-09 07:30:46
-
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