EUR/PLN - 1H - Technical analysis published on 12/09/2020 (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
28%
56%
17%
My opinion
Bearish under 4.4576 PLN
My targets
4.4165 PLN (-0.0238)
4.3899 PLN (-0.0504)
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 not called into question, despite technical indicators being neutral.
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 price is 4.4403 PLN. The price is lower by -0.22% since the last closing with the lowest point at 4.4349 PLN and the highest point at 4.4512 PLN. The deviation from the price is +0.12% for the low point and -0.24% for the high point.4.4349
4.4512
4.4403
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/PLN chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 3 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.3241 | 4.3899 | 4.4165 | 4.4403 | 4.4437 | 4.4576 | 4.4680 |
| Change (%) | -2.62% | -1.14% | -0.54% | - | +0.08% | +0.39% | +0.62% |
| Change | -0.1162 | -0.0504 | -0.0238 | - | +0.0034 | +0.0173 | +0.0277 |
| Level | Minor | Major | Intermediate | - | Intermediate | 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 | 4.3901 | 4.4174 | 4.4337 | 4.4610 | 4.4773 | 4.5046 | 4.5209 |
| Camarilla | 4.4380 | 4.4420 | 4.4460 | 4.4500 | 4.4540 | 4.4580 | 4.4620 |
| Woodie | 4.3846 | 4.4147 | 4.4282 | 4.4583 | 4.4718 | 4.5019 | 4.5154 |
| Fibonacci | 4.4174 | 4.4341 | 4.4443 | 4.4610 | 4.4777 | 4.4879 | 4.5046 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3956 | 4.4196 | 4.4442 | 4.4682 | 4.4928 | 4.5168 | 4.5414 |
| Camarilla | 4.4553 | 4.4598 | 4.4642 | 4.4687 | 4.4732 | 4.4776 | 4.4821 |
| Woodie | 4.3958 | 4.4198 | 4.4444 | 4.4684 | 4.4930 | 4.5170 | 4.5416 |
| Fibonacci | 4.4196 | 4.4382 | 4.4497 | 4.4682 | 4.4868 | 4.4983 | 4.5168 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 25.61 | |
| MACD (12,26,9): | -0.0059 | |
| Directional Movement: | -13.7421 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 4.4431 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4512 | |
| Elder Ray (13): | -0.0101 | |
| Super Trend (3,10): | 4.4509 | |
| Zig ZAG (10): | 4.4377 | |
| VORTEX (21): | 0.6707 | |
| Stochastique (14,3,5): | 25.90 | |
| TEMA (21): | 4.4393 | |
| Williams %R (14): | -75.96 | |
| Chande Momentum Oscillator (20): | -0.0085 | |
| Repulse (5,40,3): | 0.1380 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0193 | |
| Courbe Coppock: | 0.44 |
| MA7: | 4.4620 | |
| MA20: | 4.4699 | |
| MA50: | 4.5088 | |
| MA100: | 4.4715 | |
| MAexp7: | 4.4482 | |
| MAexp20: | 4.4512 | |
| MAexp50: | 4.4593 | |
| MAexp100: | 4.4642 | |
| Price / MA7: | -0.49% | |
| Price / MA20: | -0.66% | |
| Price / MA50: | -1.52% | |
| Price / MA100: | -0.70% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | -0.42% | |
| Price / MAexp100: | -0.53% |
Quotes :
2020-12-09 09:08:59
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Real time data
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Forex
News
The latest news and videos published on EUR/PLN at the time of the analysis were 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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