EUR/PLN - 1H - Technical analysis published on 12/22/2020 (GMT)
- 124
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 4.4910 PLN
My targets
4.5191 PLN (+0.0213)
4.5681 PLN (+0.0703)
My analysis
The basic bullish trend is very strong on EUR/PLN but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 4.4910 PLN. Crossing the first resistance at 4.5191 PLN would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 4.5681 PLN as an objective. Crossing it would then enable buyers to target 4.6033 PLN. Caution, a return to below 4.4910 PLN would be a sign of a consolidation phase in the short-term basic trend. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/PLN rating is 4.4978 PLN. The price has increased by +0.10% since the last closing and was between 4.4914 PLN and 4.5031 PLN. This implies that the price is at +0.14% from its lowest and at -0.12% from its highest.4.4914
4.5031
4.4978
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
Technical
A technical analysis in 1H of this EUR/PLN chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by 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 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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 resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.4445 | 4.4576 | 4.4910 | 4.4978 | 4.5191 | 4.5681 | 4.6033 |
| Change (%) | -1.19% | -0.89% | -0.15% | - | +0.47% | +1.56% | +2.35% |
| Change | -0.0533 | -0.0402 | -0.0068 | - | +0.0213 | +0.0703 | +0.1055 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4167 | 4.4449 | 4.4691 | 4.4973 | 4.5215 | 4.5497 | 4.5739 |
| Camarilla | 4.4789 | 4.4837 | 4.4885 | 4.4933 | 4.4981 | 4.5029 | 4.5077 |
| Woodie | 4.4147 | 4.4439 | 4.4671 | 4.4963 | 4.5195 | 4.5487 | 4.5719 |
| Fibonacci | 4.4449 | 4.4649 | 4.4773 | 4.4973 | 4.5173 | 4.5297 | 4.5497 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3352 | 4.3816 | 4.4255 | 4.4719 | 4.5158 | 4.5622 | 4.6061 |
| Camarilla | 4.4446 | 4.4529 | 4.4611 | 4.4694 | 4.4777 | 4.4860 | 4.4942 |
| Woodie | 4.3340 | 4.3810 | 4.4243 | 4.4713 | 4.5146 | 4.5616 | 4.6049 |
| Fibonacci | 4.3816 | 4.4161 | 4.4374 | 4.4719 | 4.5064 | 4.5277 | 4.5622 |
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): | 50.91 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 3.0292 | |
| AROON (14): | 0 | |
| DEMA (21): | 4.4982 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5162 | |
| Elder Ray (13): | -0.0008 | |
| Super Trend (3,10): | 4.5088 | |
| Zig ZAG (10): | 4.4930 | |
| VORTEX (21): | 0.8619 | |
| Stochastique (14,3,5): | 52.29 | |
| TEMA (21): | 4.4936 | |
| Williams %R (14): | -47.86 | |
| Chande Momentum Oscillator (20): | 0.0001 | |
| Repulse (5,40,3): | -0.0050 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0114 | |
| Courbe Coppock: | 0.30 |
| MA7: | 4.4587 | |
| MA20: | 4.4601 | |
| MA50: | 4.5030 | |
| MA100: | 4.4756 | |
| MAexp7: | 4.4947 | |
| MAexp20: | 4.4943 | |
| MAexp50: | 4.4838 | |
| MAexp100: | 4.4699 | |
| Price / MA7: | +0.88% | |
| Price / MA20: | +0.85% | |
| Price / MA50: | -0.12% | |
| Price / MA100: | +0.50% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.62% |
Quotes :
2020-12-22 07:34:09
-
Real time data
-
Forex
News
The latest news and videos published on EUR/PLN at the time of the analysis were as follows:
-
Where Is EUR/PLN Heading?
-
Volatility Expected For EUR/PLN
-
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
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/PLN - 1H