EUR/PLN - 1H - Technical analysis published on 11/20/2020 (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:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 4.4830 PLN
My targets
4.4615 PLN (-0.0054)
4.4331 PLN (-0.0338)
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 4.4830 PLN. The next support located at 4.4615 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 4.4331 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 4.4669 PLN. The price is lower by -0.05% since the last closing with the lowest point at 4.4610 PLN and the highest point at 4.4758 PLN. The deviation from the price is +0.13% for the low point and -0.20% for the high point.4.4610
4.4758
4.4669
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.
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:
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. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
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 | 4.3940 | 4.4576 | 4.4615 | 4.4669 | 4.4700 | 4.4830 | 4.4910 |
| Change (%) | -1.63% | -0.21% | -0.12% | - | +0.07% | +0.36% | +0.54% |
| Change | -0.0729 | -0.0093 | -0.0054 | - | +0.0031 | +0.0161 | +0.0241 |
| Level | Major | Major | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4380 | 4.4497 | 4.4594 | 4.4711 | 4.4808 | 4.4925 | 4.5022 |
| Camarilla | 4.4631 | 4.4651 | 4.4670 | 4.4690 | 4.4710 | 4.4729 | 4.4749 |
| Woodie | 4.4369 | 4.4492 | 4.4583 | 4.4706 | 4.4797 | 4.4920 | 4.5011 |
| Fibonacci | 4.4497 | 4.4579 | 4.4630 | 4.4711 | 4.4793 | 4.4844 | 4.4925 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.77 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -13.6092 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 4.4701 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4758 | |
| Elder Ray (13): | -0.0059 | |
| Super Trend (3,10): | 4.4806 | |
| Zig ZAG (10): | 4.4664 | |
| VORTEX (21): | 0.9397 | |
| Stochastique (14,3,5): | 45.49 | |
| TEMA (21): | 4.4710 | |
| Williams %R (14): | -47.30 | |
| Chande Momentum Oscillator (20): | -0.0003 | |
| Repulse (5,40,3): | -0.0039 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0003 | |
| Courbe Coppock: | 0.02 |
| MA7: | 4.4759 | |
| MA20: | 4.5275 | |
| MA50: | 4.5177 | |
| MA100: | 4.4714 | |
| MAexp7: | 4.4710 | |
| MAexp20: | 4.4708 | |
| MAexp50: | 4.4727 | |
| MAexp100: | 4.4766 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | -1.34% | |
| Price / MA50: | -1.12% | |
| Price / MA100: | -0.10% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.22% |
Quotes :
2020-11-20 10:06:04
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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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