EUR/PLN - 1H - Technical analysis published on 11/23/2020 (GMT)
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- 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 bearish
De fond:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 4.4830 PLN
My targets
4.4576 PLN (-0.0076)
4.4318 PLN (-0.0334)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/PLN as long as the price remains well below 4.4830 PLN. The sellers” bearish objective is set at 4.4576 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.4318 PLN. In case of crossing, the next objective would be the support located at 4.3940 PLN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.1
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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 rating is 4.4652 PLN. The price registered a decrease of -0.11% on the session and was between 4.4623 PLN and 4.4712 PLN. This implies that the price is at +0.06% from its lowest and at -0.13% from its highest.4.4623
4.4712
4.4652
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. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Aroon indicator bearish trend
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 : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 4.4615 | 4.4652 | 4.4687 | 4.4830 | 4.4910 |
| Change (%) | -1.59% | -0.17% | -0.08% | - | +0.08% | +0.40% | +0.58% |
| Change | -0.0712 | -0.0076 | -0.0037 | - | +0.0035 | +0.0178 | +0.0258 |
| 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 | 4.4422 | 4.4501 | 4.4600 | 4.4679 | 4.4778 | 4.4857 | 4.4956 |
| Camarilla | 4.4650 | 4.4666 | 4.4683 | 4.4699 | 4.4715 | 4.4732 | 4.4748 |
| Woodie | 4.4432 | 4.4506 | 4.4610 | 4.4684 | 4.4788 | 4.4862 | 4.4966 |
| Fibonacci | 4.4501 | 4.4569 | 4.4611 | 4.4679 | 4.4747 | 4.4789 | 4.4857 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4057 | 4.4318 | 4.4509 | 4.4770 | 4.4961 | 4.5222 | 4.5413 |
| Camarilla | 4.4575 | 4.4616 | 4.4658 | 4.4699 | 4.4740 | 4.4782 | 4.4823 |
| Woodie | 4.4021 | 4.4301 | 4.4473 | 4.4753 | 4.4925 | 4.5205 | 4.5377 |
| Fibonacci | 4.4318 | 4.4491 | 4.4598 | 4.4770 | 4.4943 | 4.5050 | 4.5222 |
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): | 44.91 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -0.3873 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 4.4672 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4724 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 4.4776 | |
| Zig ZAG (10): | 4.4641 | |
| VORTEX (21): | 1.0628 | |
| Stochastique (14,3,5): | 49.52 | |
| TEMA (21): | 4.4679 | |
| Williams %R (14): | -91.01 | |
| Chande Momentum Oscillator (20): | -0.0016 | |
| Repulse (5,40,3): | -0.1696 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0011 | |
| Courbe Coppock: | 0.14 |
| MA7: | 4.4728 | |
| MA20: | 4.5219 | |
| MA50: | 4.5181 | |
| MA100: | 4.4715 | |
| MAexp7: | 4.4673 | |
| MAexp20: | 4.4675 | |
| MAexp50: | 4.4693 | |
| MAexp100: | 4.4728 | |
| Price / MA7: | -0.17% | |
| Price / MA20: | -1.25% | |
| Price / MA50: | -1.17% | |
| Price / MA100: | -0.14% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.17% |
Quotes :
2020-11-23 09:33:52
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Real time data
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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:
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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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