EUR/PLN - 1H - Technical analysis published on 11/26/2020 (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:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 4.4665 PLN
My targets
4.4910 PLN (+0.0142)
4.5032 PLN (+0.0264)
My analysis
EUR/PLN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4.4665 PLN. The next resistance located at 4.4910 PLN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4.5032 PLN. After this resistance, buyers could then target 4.5191 PLN. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2
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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 rating is 4.4768 PLN. The price registered an increase of +0.27% on the session with the lowest point at 4.4641 PLN and the highest point at 4.4784 PLN. The deviation from the price is +0.28% for the low point and -0.04% for the high point.4.4641
4.4784
4.4768
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
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 EUR/PLN in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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 is high 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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 | 4.4615 | 4.4665 | 4.4758 | 4.4768 | 4.4910 | 4.5032 | 4.5191 |
| Change (%) | -0.34% | -0.23% | -0.02% | - | +0.32% | +0.59% | +0.94% |
| Change | -0.0153 | -0.0103 | -0.0010 | - | +0.0142 | +0.0264 | +0.0423 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4429 | 4.4516 | 4.4583 | 4.4670 | 4.4737 | 4.4824 | 4.4891 |
| Camarilla | 4.4607 | 4.4621 | 4.4635 | 4.4649 | 4.4663 | 4.4677 | 4.4691 |
| Woodie | 4.4418 | 4.4511 | 4.4572 | 4.4665 | 4.4726 | 4.4819 | 4.4880 |
| Fibonacci | 4.4516 | 4.4575 | 4.4612 | 4.4670 | 4.4729 | 4.4766 | 4.4824 |
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): | 71.58 | |
| MACD (12,26,9): | 0.0025 | |
| Directional Movement: | 19.6017 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 4.4727 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4641 | |
| Elder Ray (13): | 0.0050 | |
| Super Trend (3,10): | 4.4658 | |
| Zig ZAG (10): | 4.4775 | |
| VORTEX (21): | 1.2657 | |
| Stochastique (14,3,5): | 91.80 | |
| TEMA (21): | 4.4758 | |
| Williams %R (14): | -12.59 | |
| Chande Momentum Oscillator (20): | 0.0108 | |
| Repulse (5,40,3): | 0.0628 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0051 | |
| Courbe Coppock: | 0.41 |
| MA7: | 4.4686 | |
| MA20: | 4.5003 | |
| MA50: | 4.5192 | |
| MA100: | 4.4714 | |
| MAexp7: | 4.4731 | |
| MAexp20: | 4.4698 | |
| MAexp50: | 4.4680 | |
| MAexp100: | 4.4687 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | -0.52% | |
| Price / MA50: | -0.94% | |
| Price / MA100: | +0.12% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.18% |
Quotes :
2020-11-26 14:14:24
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Real time data
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Forex
News
The last news published on EUR/PLN at the time of the generation of this analysis 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.
About author
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