EUR/PLN - 1H - Technical analysis published on 11/30/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 4.4792 PLN
My targets
4.4614 PLN (-0.0108)
4.4302 PLN (-0.0420)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on EUR/PLN as long as the price remains well below 4.4792 PLN. The next bearish objective for sellers is set at 4.4614 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.4302 PLN. In case of crossing, the next objective would be the support located at 4.3940 PLN.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
3.6
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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 4.4722 PLN. The price is lower by -0.28% since the last closing with the lowest point at 4.4696 PLN and the highest point at 4.4905 PLN. The deviation from the price is +0.06% for the low point and -0.41% for the high point.4.4696
4.4905
4.4722
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 EUR/PLN in 1H shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.3940 | 4.4576 | 4.4614 | 4.4722 | 4.4745 | 4.4792 | 4.4829 |
| Change (%) | -1.75% | -0.33% | -0.24% | - | +0.05% | +0.16% | +0.24% |
| Change | -0.0782 | -0.0146 | -0.0108 | - | +0.0023 | +0.0070 | +0.0107 |
| Level | Major | Major | Minor | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4555 | 4.4650 | 4.4748 | 4.4843 | 4.4941 | 4.5036 | 4.5134 |
| Camarilla | 4.4793 | 4.4811 | 4.4828 | 4.4846 | 4.4864 | 4.4881 | 4.4899 |
| Woodie | 4.4557 | 4.4651 | 4.4750 | 4.4844 | 4.4943 | 4.5037 | 4.5136 |
| Fibonacci | 4.4650 | 4.4724 | 4.4769 | 4.4843 | 4.4917 | 4.4962 | 4.5036 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4302 | 4.4447 | 4.4647 | 4.4792 | 4.4992 | 4.5137 | 4.5337 |
| Camarilla | 4.4751 | 4.4783 | 4.4814 | 4.4846 | 4.4878 | 4.4909 | 4.4941 |
| Woodie | 4.4329 | 4.4461 | 4.4674 | 4.4806 | 4.5019 | 4.5151 | 4.5364 |
| Fibonacci | 4.4447 | 4.4579 | 4.4661 | 4.4792 | 4.4924 | 4.5006 | 4.5137 |
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): | 41.59 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | -5.9609 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 4.4818 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4873 | |
| Elder Ray (13): | -0.0037 | |
| Super Trend (3,10): | 4.4906 | |
| Zig ZAG (10): | 4.4750 | |
| VORTEX (21): | 0.8944 | |
| Stochastique (14,3,5): | 22.52 | |
| TEMA (21): | 4.4775 | |
| Williams %R (14): | -82.16 | |
| Chande Momentum Oscillator (20): | -0.0144 | |
| Repulse (5,40,3): | -0.1343 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0012 | |
| Courbe Coppock: | 0.33 |
| MA7: | 4.4715 | |
| MA20: | 4.4878 | |
| MA50: | 4.5192 | |
| MA100: | 4.4714 | |
| MAexp7: | 4.4771 | |
| MAexp20: | 4.4821 | |
| MAexp50: | 4.4800 | |
| MAexp100: | 4.4766 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | -0.35% | |
| Price / MA50: | -1.04% | |
| Price / MA100: | +0.02% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.10% |
Quotes :
2020-11-30 11:38:51
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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.
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