EUR/PLN - 1H - Technical analysis published on 11/25/2020 (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 bullish
De fond:
Slightly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 4.4615 PLN
My targets
4.4832 PLN (+0.0089)
4.4910 PLN (+0.0167)
My analysis
The strong short-term increase for EUR/PLN reinforces the current slightly bullish trend. As long as the price remains above 4.4615 PLN, you could take advantage of this bullish acceleration. The first bullish objective is located at 4.4832 PLN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.4910 PLN as an objective. Crossing it would then enable buyers to target 4.5032 PLN. A return to 4.4615 PLN would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
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
4.5
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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
EUR/PLN rating 4.4743 PLN. On the day, this instrument gained +0.23% and was traded between 4.4604 PLN and 4.4758 PLN over the period. The price is currently at +0.31% from its lowest and -0.03% from its highest.4.4604
4.4758
4.4743
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
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 EUR/PLN in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
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
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle 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 | 4.4743 | 4.4744 | 4.4832 | 4.4910 |
| Change (%) | -1.79% | -0.37% | -0.29% | - | +0.00% | +0.20% | +0.37% |
| Change | -0.0803 | -0.0167 | -0.0128 | - | +0.0001 | +0.0089 | +0.0167 |
| Level | Major | Major | Intermediate | - | Minor | Intermediate | 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 | 4.4424 | 4.4509 | 4.4575 | 4.4660 | 4.4726 | 4.4811 | 4.4877 |
| Camarilla | 4.4601 | 4.4614 | 4.4628 | 4.4642 | 4.4656 | 4.4670 | 4.4684 |
| Woodie | 4.4416 | 4.4504 | 4.4567 | 4.4655 | 4.4718 | 4.4806 | 4.4869 |
| Fibonacci | 4.4509 | 4.4566 | 4.4602 | 4.4660 | 4.4717 | 4.4753 | 4.4811 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.61 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | 3.5576 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 4.4626 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4606 | |
| Elder Ray (13): | 0.0025 | |
| Super Trend (3,10): | 4.4719 | |
| Zig ZAG (10): | 4.4672 | |
| VORTEX (21): | 1.0342 | |
| Stochastique (14,3,5): | 58.19 | |
| TEMA (21): | 4.4636 | |
| Williams %R (14): | -37.74 | |
| Chande Momentum Oscillator (20): | 0.0042 | |
| Repulse (5,40,3): | 0.0436 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0048 | |
| Courbe Coppock: | 0.06 |
| MA7: | 4.4708 | |
| MA20: | 4.5078 | |
| MA50: | 4.5187 | |
| MA100: | 4.4713 | |
| MAexp7: | 4.4648 | |
| MAexp20: | 4.4641 | |
| MAexp50: | 4.4661 | |
| MAexp100: | 4.4689 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | -0.74% | |
| Price / MA50: | -0.98% | |
| Price / MA100: | +0.07% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.12% |
Quotes :
2020-11-25 09:42:24
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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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