EUR/PLN - 1H - Technical analysis published on 02/24/2021 (GMT)
- 79
- 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:
Neutral
De fond:
Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 4.4997 PLN
My targets
4.5269 PLN (+0.0175)
4.5481 PLN (+0.0387)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 4.4997 PLN remains possible. It is advisable to trade EUR/PLN with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 4.4997 PLN. The next bullish objective for buyers is set at 4.5269 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.5481 PLN. If there is any crossing, the next objective would be the resistance located at 4.5829 PLN. PS: if there is a bearish break in the support located at 4.4997 PLN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.1
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 Maciej Mazur. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/PLN rating is 4.5094 PLN. The price has increased by +0.02% since the last closing and was between 4.5062 PLN and 4.5246 PLN. This implies that the price is at +0.07% from its lowest and at -0.34% from its highest.4.5062
4.5246
4.5094
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
Technical
Technical analysis of EUR/PLN in 1H shows an overall bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
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 : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
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 resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 4.4910 | 4.4997 | 4.5056 | 4.5094 | 4.5098 | 4.5481 | 4.5829 |
| Change (%) | -0.41% | -0.22% | -0.08% | - | +0.01% | +0.86% | +1.63% |
| Change | -0.0184 | -0.0097 | -0.0038 | - | +0.0004 | +0.0387 | +0.0735 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
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): | 65.99 | |
| MACD (12,26,9): | 0.0044 | |
| Directional Movement: | 23.3543 | |
| AROON (14): | 42.8572 | |
| DEMA (21): | 4.5188 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5112 | |
| Elder Ray (13): | 0.0036 | |
| Super Trend (3,10): | 4.5093 | |
| Zig ZAG (10): | 4.5191 | |
| VORTEX (21): | 1.1826 | |
| Stochastique (14,3,5): | 77.72 | |
| TEMA (21): | 4.5201 | |
| Williams %R (14): | -29.89 | |
| Chande Momentum Oscillator (20): | 0.0119 | |
| Repulse (5,40,3): | 0.0743 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0119 | |
| Courbe Coppock: | 0.45 |
| MA7: | 4.4974 | |
| MA20: | 4.4972 | |
| MA50: | 4.5109 | |
| MA100: | 4.5081 | |
| MAexp7: | 4.5171 | |
| MAexp20: | 4.5126 | |
| MAexp50: | 4.5057 | |
| MAexp100: | 4.5003 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | +0.27% | |
| Price / MA50: | -0.03% | |
| Price / MA100: | +0.03% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.20% |
Quotes :
2021-02-24 15:54:52
-
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