EUR/PLN
EUR PLN
- PLN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: EURPLN
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EUR/PLN - 1H - Technical analysis published on 11/17/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 4.4910 PLN
My targets
4.5241 PLN (+0.0243)
4.5478 PLN (+0.0480)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on EUR/PLN as long as the price remains well above 4.4910 PLN. The buyers” bullish objective is set at 4.5241 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.5478 PLN. If there is any crossing, the next objective would be the resistance located at 4.5681 PLN.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5

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:
15 min. Daily Weekly

Additional analysis

Quotes

EUR/PLN rating 4.4998 PLN. The price has increased by +0.66% since the last closing and was traded between 4.4692 PLN and 4.5032 PLN over the period. The price is currently at +0.68% from its lowest and -0.08% from its highest.

4.4692
4.5032
4.4998

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this EUR/PLN chart shows a slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced 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.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.4576 4.4773 4.4910 4.4998 4.5016 4.5241 4.5478
Change (%) -0.94% -0.50% -0.20% - +0.04% +0.54% +1.07%
Change -0.0422 -0.0225 -0.0088 - +0.0018 +0.0243 +0.0480
Level Major Intermediate Intermediate - Major 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
Standard4.42064.44104.45574.47614.49084.51124.5259
Camarilla4.46074.46394.46714.47034.47354.47674.4800
Woodie4.41774.43964.45284.47474.48794.50984.5230
Fibonacci4.44104.45444.46274.47614.48954.49784.5112


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.40634.43314.45784.48464.50934.53614.5608
Camarilla4.46844.47324.47794.48264.48734.49204.4968
Woodie4.40544.43264.45694.48414.50844.53564.5599
Fibonacci4.43314.45274.46494.48464.50424.51644.5361


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.30134.37824.49224.56914.68314.76004.8740
Camarilla4.55384.57134.58884.60634.62384.64134.6588
Woodie4.32004.38754.51094.57844.70184.76934.8927
Fibonacci4.37824.45114.49614.56914.64204.68704.7600

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): 63.10
MACD (12,26,9): 0.0029
Directional Movement: 1.9014
AROON (14): 71.4285
DEMA (21): 4.4850
Parabolic SAR (0,02-0,02-0,2): 4.4744
Elder Ray (13): 0.0050
Super Trend (3,10): 4.4687
Zig ZAG (10): 4.4901
VORTEX (21): 1.1850
Stochastique (14,3,5): 96.10
TEMA (21): 4.4899
Williams %R (14): -4.48
Chande Momentum Oscillator (20): 0.0183
Repulse (5,40,3): 0.2443
ROCnROLL: 1
TRIX (15,9): 0.0028
Courbe Coppock: 0.63
MA7: 4.4856
MA20: 4.5430
MA50: 4.5164
MA100: 4.4714
MAexp7: 4.4880
MAexp20: 4.4810
MAexp50: 4.4817
MAexp100: 4.4865
Price / MA7: +0.32%
Price / MA20: -0.95%
Price / MA50: -0.37%
Price / MA100: +0.64%
Price / MAexp7: +0.26%
Price / MAexp20: +0.42%
Price / MAexp50: +0.40%
Price / MAexp100: +0.29%

Quotes : 2020-11-17 09:36:55 - Real time data - Forex

News


Don"t forget to follow the news on EUR/PLN. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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