EUR/PLN - 1H - Technical analysis published on 12/01/2020 (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:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 4.4576 PLN
My targets
4.4165 PLN (-0.0315)
4.3899 PLN (-0.0581)
My analysis
The bearish trend is currently very strong for EUR/PLN. As long as the price remains below the resistance at 4.4576 PLN, you could try to take advantage of the bearish rally. The first bearish objective is located at 4.4165 PLN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.3899 PLN as an objective. Crossing it would then enable sellers to target 4.3241 PLN. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7
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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 4.4480 PLN. The price is lower by -0.68% since the last closing and was between 4.4480 PLN and 4.4839 PLN. This implies that the price is at 0% from its lowest and at -0.80% from its highest.4.4480
4.4839
4.4480
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/PLN in 1H shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
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 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 2
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.3241 | 4.3899 | 4.4165 | 4.4480 | 4.4576 | 4.4642 | 4.4679 |
| Change (%) | -2.79% | -1.31% | -0.71% | - | +0.22% | +0.36% | +0.45% |
| Change | -0.1239 | -0.0581 | -0.0315 | - | +0.0096 | +0.0162 | +0.0199 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4448 | 4.4563 | 4.4674 | 4.4789 | 4.4900 | 4.5015 | 4.5126 |
| Camarilla | 4.4722 | 4.4743 | 4.4763 | 4.4784 | 4.4805 | 4.4825 | 4.4846 |
| Woodie | 4.4445 | 4.4562 | 4.4671 | 4.4788 | 4.4897 | 4.5014 | 4.5123 |
| Fibonacci | 4.4563 | 4.4650 | 4.4703 | 4.4789 | 4.4876 | 4.4929 | 4.5015 |
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 | 4.2595 | 4.3587 | 4.4186 | 4.5178 | 4.5777 | 4.6769 | 4.7368 |
| Camarilla | 4.4347 | 4.4492 | 4.4638 | 4.4784 | 4.4930 | 4.5076 | 4.5222 |
| Woodie | 4.2398 | 4.3489 | 4.3989 | 4.5080 | 4.5580 | 4.6671 | 4.7171 |
| Fibonacci | 4.3587 | 4.4195 | 4.4571 | 4.5178 | 4.5786 | 4.6162 | 4.6769 |
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): | 24.98 | |
| MACD (12,26,9): | -0.0048 | |
| Directional Movement: | -29.6402 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 4.4667 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4819 | |
| Elder Ray (13): | -0.0159 | |
| Super Trend (3,10): | 4.4748 | |
| Zig ZAG (10): | 4.4513 | |
| VORTEX (21): | 0.7471 | |
| Stochastique (14,3,5): | 6.94 | |
| TEMA (21): | 4.4679 | |
| Williams %R (14): | -99.30 | |
| Chande Momentum Oscillator (20): | -0.0229 | |
| Repulse (5,40,3): | -0.4241 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0044 | |
| Courbe Coppock: | 0.37 |
| MA7: | 4.4708 | |
| MA20: | 4.4836 | |
| MA50: | 4.5187 | |
| MA100: | 4.4712 | |
| MAexp7: | 4.4662 | |
| MAexp20: | 4.4723 | |
| MAexp50: | 4.4760 | |
| MAexp100: | 4.4758 | |
| Price / MA7: | -0.51% | |
| Price / MA20: | -0.79% | |
| Price / MA50: | -1.56% | |
| Price / MA100: | -0.52% | |
| Price / MAexp7: | -0.41% | |
| Price / MAexp20: | -0.54% | |
| Price / MAexp50: | -0.63% | |
| Price / MAexp100: | -0.62% |
Quotes :
2020-12-01 16:57:04
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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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