EUR/PLN - 1H - Technical analysis published on 11/10/2020 (GMT)
- 86
- 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 bullish
De fond:
Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Bullish above 4.4652 PLN
My targets
4.5187 PLN (+0.0176)
4.5422 PLN (+0.0411)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for EUR/PLN as long as the price remains well above 4.4652 PLN. The buyers” bullish objective is set at 4.5187 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.5422 PLN. If there is any crossing, the next objective would be the resistance located at 4.5681 PLN. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 4.5187 PLN. On this resistance, against the trend traders who would like to go short on EUR/PLN with a bearish signal from their trading strategy, should not hesitate to act.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.2
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 price is 4.5011 PLN. The price has increased by +0.38% since the last closing and was between 4.4777 PLN and 4.5113 PLN. This implies that the price is at +0.52% from its lowest and at -0.23% from its highest.4.4777
4.5113
4.5011
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. 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 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.3241 | 4.3940 | 4.4576 | 4.5011 | 4.5187 | 4.5422 | 4.5681 |
| Change (%) | -3.93% | -2.38% | -0.97% | - | +0.39% | +0.91% | +1.49% |
| Change | -0.1770 | -0.1071 | -0.0435 | - | +0.0176 | +0.0411 | +0.0670 |
| Level | Intermediate | Major | Major | - | Major | Minor | Intermediate |
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 | 4.4145 | 4.4372 | 4.4605 | 4.4832 | 4.5065 | 4.5292 | 4.5525 |
| Camarilla | 4.4713 | 4.4755 | 4.4797 | 4.4839 | 4.4881 | 4.4923 | 4.4966 |
| Woodie | 4.4149 | 4.4374 | 4.4609 | 4.4834 | 4.5069 | 4.5294 | 4.5529 |
| Fibonacci | 4.4372 | 4.4547 | 4.4656 | 4.4832 | 4.5007 | 4.5116 | 4.5292 |
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): | 54.05 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 8.3550 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 4.4903 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4777 | |
| Elder Ray (13): | 0.0110 | |
| Super Trend (3,10): | 4.4759 | |
| Zig ZAG (10): | 4.4961 | |
| VORTEX (21): | 1.1784 | |
| Stochastique (14,3,5): | 72.28 | |
| TEMA (21): | 4.4977 | |
| Williams %R (14): | -28.94 | |
| Chande Momentum Oscillator (20): | 0.0174 | |
| Repulse (5,40,3): | 0.1953 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0033 | |
| Courbe Coppock: | 0.50 |
| MA7: | 4.5307 | |
| MA20: | 4.5597 | |
| MA50: | 4.5121 | |
| MA100: | 4.4701 | |
| MAexp7: | 4.4968 | |
| MAexp20: | 4.4905 | |
| MAexp50: | 4.4973 | |
| MAexp100: | 4.5148 | |
| Price / MA7: | -0.65% | |
| Price / MA20: | -1.29% | |
| Price / MA50: | -0.24% | |
| Price / MA100: | +0.69% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | -0.30% |
Quotes :
2020-11-10 11:08:56
-
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