EUR/PLN - 1H - Technical analysis published on 11/19/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 4.4910 PLN
My targets
4.4647 PLN (-0.0104)
4.4576 PLN (-0.0175)
My analysis
In a bearish trend, the price of EUR/PLN tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 4.4910 PLN. A bearish break in the support located at 4.4647 PLN would revive the bearish momentum and fuel the basic trend. Then the price could move towards 4.4576 PLN. Then 4.3940 PLN by extension. It would be safer to wait for a bearish break in the support located at 4.4647 PLN before allowing yourself to re trade short positions (for sale) on EUR/PLN. PS: if there is a bullish break in the resistance located at 4.4910 PLN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.2
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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 4.4751 PLN. The price registered an increase of +0.20% on the session and was traded between 4.4615 PLN and 4.4760 PLN over the period. The price is currently at +0.30% from its lowest and -0.02% from its highest.4.4615
4.4760
4.4751
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 bearish. The signals given by moving averages are at 71.43% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
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
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 4.3940 | 4.4576 | 4.4647 | 4.4751 | 4.4768 | 4.4910 | 4.5017 |
| Change (%) | -1.81% | -0.39% | -0.23% | - | +0.04% | +0.36% | +0.59% |
| Change | -0.0811 | -0.0175 | -0.0104 | - | +0.0017 | +0.0159 | +0.0266 |
| Level | Major | Major | Intermediate | - | Intermediate | Major | 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 | 4.4281 | 4.4463 | 4.4563 | 4.4745 | 4.4845 | 4.5027 | 4.5127 |
| Camarilla | 4.4586 | 4.4612 | 4.4638 | 4.4664 | 4.4690 | 4.4716 | 4.4742 |
| Woodie | 4.4241 | 4.4443 | 4.4523 | 4.4725 | 4.4805 | 4.5007 | 4.5087 |
| Fibonacci | 4.4463 | 4.4570 | 4.4637 | 4.4745 | 4.4852 | 4.4919 | 4.5027 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4063 | 4.4331 | 4.4578 | 4.4846 | 4.5093 | 4.5361 | 4.5608 |
| Camarilla | 4.4684 | 4.4732 | 4.4779 | 4.4826 | 4.4873 | 4.4920 | 4.4968 |
| Woodie | 4.4054 | 4.4326 | 4.4569 | 4.4841 | 4.5084 | 4.5356 | 4.5599 |
| Fibonacci | 4.4331 | 4.4527 | 4.4649 | 4.4846 | 4.5042 | 4.5164 | 4.5361 |
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): | 54.82 | |
| MACD (12,26,9): | -0.0032 | |
| Directional Movement: | 3.4262 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 4.4641 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4622 | |
| Elder Ray (13): | 0.0050 | |
| Super Trend (3,10): | 4.4622 | |
| Zig ZAG (10): | 4.4731 | |
| VORTEX (21): | 1.0668 | |
| Stochastique (14,3,5): | 86.42 | |
| TEMA (21): | 4.4659 | |
| Williams %R (14): | -15.79 | |
| Chande Momentum Oscillator (20): | 0.0066 | |
| Repulse (5,40,3): | 0.1418 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0144 | |
| Courbe Coppock: | 0.00 |
| MA7: | 4.4792 | |
| MA20: | 4.5328 | |
| MA50: | 4.5175 | |
| MA100: | 4.4714 | |
| MAexp7: | 4.4693 | |
| MAexp20: | 4.4691 | |
| MAexp50: | 4.4750 | |
| MAexp100: | 4.4801 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | -1.27% | |
| Price / MA50: | -0.94% | |
| Price / MA100: | +0.08% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | -0.11% |
Quotes :
2020-11-19 08:35:03
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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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