EUR/PLN - 1H - Technical analysis published on 02/24/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
44%
6%
50%
My opinion
Bullish above 4.5056 PLN
My targets
4.5269 PLN (+0.0167)
4.5481 PLN (+0.0379)
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 4.5056 PLN. The next resistance located at 4.5269 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 4.5481 PLN. After this resistance, buyers could then target 4.5829 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
7.3
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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 4.5102 PLN. On the day, this instrument gained +0.03% and was traded between 4.5062 PLN and 4.5116 PLN over the period. The price is currently at +0.09% from its lowest and -0.03% from its highest.4.5062
4.5116
4.5102
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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
Technical
Technical analysis of this 1H chart of EUR/PLN indicates that the overall trend is strongly bullish. 92.86% 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. 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 : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
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 | 4.4997 | 4.5056 | 4.5098 | 4.5102 | 4.5481 | 4.5829 | 4.6033 |
| Change (%) | -0.23% | -0.10% | -0.01% | - | +0.84% | +1.61% | +2.06% |
| Change | -0.0105 | -0.0046 | -0.0004 | - | +0.0379 | +0.0727 | +0.0931 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Major |
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 | 4.4847 | 4.4900 | 4.4994 | 4.5047 | 4.5141 | 4.5194 | 4.5288 |
| Camarilla | 4.5047 | 4.5060 | 4.5074 | 4.5087 | 4.5101 | 4.5114 | 4.5127 |
| Woodie | 4.4867 | 4.4910 | 4.5014 | 4.5057 | 4.5161 | 4.5204 | 4.5308 |
| Fibonacci | 4.4900 | 4.4957 | 4.4991 | 4.5047 | 4.5104 | 4.5138 | 4.5194 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4456 | 4.4621 | 4.4727 | 4.4892 | 4.4998 | 4.5163 | 4.5269 |
| Camarilla | 4.4759 | 4.4783 | 4.4808 | 4.4833 | 4.4858 | 4.4883 | 4.4908 |
| Woodie | 4.4427 | 4.4606 | 4.4698 | 4.4877 | 4.4969 | 4.5148 | 4.5240 |
| Fibonacci | 4.4621 | 4.4725 | 4.4789 | 4.4892 | 4.4996 | 4.5060 | 4.5163 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4181 | 4.4563 | 4.4892 | 4.5274 | 4.5603 | 4.5985 | 4.6314 |
| Camarilla | 4.5027 | 4.5092 | 4.5157 | 4.5222 | 4.5287 | 4.5352 | 4.5418 |
| Woodie | 4.4156 | 4.4550 | 4.4867 | 4.5261 | 4.5578 | 4.5972 | 4.6289 |
| Fibonacci | 4.4563 | 4.4834 | 4.5002 | 4.5274 | 4.5545 | 4.5713 | 4.5985 |
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): | 66.66 | |
| MACD (12,26,9): | 0.0024 | |
| Directional Movement: | 4.9618 | |
| AROON (14): | 7.1428 | |
| DEMA (21): | 4.5103 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5101 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 4.5017 | |
| Zig ZAG (10): | 4.5112 | |
| VORTEX (21): | 1.0195 | |
| Stochastique (14,3,5): | 79.26 | |
| TEMA (21): | 4.5103 | |
| Williams %R (14): | -20.00 | |
| Chande Momentum Oscillator (20): | 0.0037 | |
| Repulse (5,40,3): | 0.0295 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0087 | |
| Courbe Coppock: | 0.12 |
| MA7: | 4.4967 | |
| MA20: | 4.4967 | |
| MA50: | 4.5107 | |
| MA100: | 4.5080 | |
| MAexp7: | 4.5092 | |
| MAexp20: | 4.5067 | |
| MAexp50: | 4.5017 | |
| MAexp100: | 4.4976 | |
| Price / MA7: | +0.30% | |
| Price / MA20: | +0.30% | |
| Price / MA50: | -0.01% | |
| Price / MA100: | +0.05% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.28% |
Quotes :
2021-02-24 08:34:25
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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.
About author
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