EUR/PLN - 1H - Technical analysis published on 11/09/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 4.4652 PLN
My targets
4.4576 PLN (-0.0063)
4.4240 PLN (-0.0399)
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 4.4652 PLN. The next support located at 4.4576 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 4.4240 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 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
7.9
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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
EUR/PLN rating 4.4639 PLN. The price registered a decrease of -0.94% on the session and was between 4.4598 PLN and 4.5058 PLN. This implies that the price is at +0.09% from its lowest and at -0.93% from its highest.4.4598
4.5058
4.4639
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.3241 | 4.3940 | 4.4576 | 4.4639 | 4.5057 | 4.5191 | 4.5422 |
| Change (%) | -3.13% | -1.57% | -0.14% | - | +0.94% | +1.24% | +1.75% |
| Change | -0.1398 | -0.0699 | -0.0063 | - | +0.0418 | +0.0552 | +0.0783 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 25.33 | |
| MACD (12,26,9): | -0.0114 | |
| Directional Movement: | -29.4929 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 4.4792 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4909 | |
| Elder Ray (13): | -0.0218 | |
| Super Trend (3,10): | 4.4889 | |
| Zig ZAG (10): | 4.4616 | |
| VORTEX (21): | 0.6485 | |
| Stochastique (14,3,5): | 5.80 | |
| TEMA (21): | 4.4699 | |
| Williams %R (14): | -90.11 | |
| Chande Momentum Oscillator (20): | -0.0365 | |
| Repulse (5,40,3): | -0.3767 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0299 | |
| Courbe Coppock: | 1.19 |
| MA7: | 4.5420 | |
| MA20: | 4.5585 | |
| MA50: | 4.5095 | |
| MA100: | 4.4694 | |
| MAexp7: | 4.4764 | |
| MAexp20: | 4.4933 | |
| MAexp50: | 4.5102 | |
| MAexp100: | 4.5297 | |
| Price / MA7: | -1.72% | |
| Price / MA20: | -2.08% | |
| Price / MA50: | -1.01% | |
| Price / MA100: | -0.12% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | -0.65% | |
| Price / MAexp50: | -1.03% | |
| Price / MAexp100: | -1.45% |
Quotes :
2020-11-09 13:29:23
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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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