EUR/PLN - 1H - Technical analysis published on 02/25/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
17%
61%
22%
My opinion
Bearish under 4.5099 PLN
My targets
4.4910 PLN (-0.0127)
4.4794 PLN (-0.0243)
My analysis
The strong short-term decline in EUR/PLN calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 4.5099 PLN, one could consider taking advantage of the short-term movement. The first bearish objective is located at 4.4910 PLN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.4794 PLN as an objective. Crossing it would then enable sellers to target 4.4165 PLN. Be careful, a return to above 4.5099 PLN could jeopardize the reversal.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
1.8
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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 4.5037 PLN. The price registered a decrease of -0.06% on the session and was between 4.5036 PLN and 4.5075 PLN. This implies that the price is at +0.00% from its lowest and at -0.08% from its highest.4.5036
4.5075
4.5037
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
A study of price movements over other periods shows the following variations:
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 slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
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
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.4794 | 4.4910 | 4.4997 | 4.5037 | 4.5059 | 4.5099 | 4.5246 |
| Change (%) | -0.54% | -0.28% | -0.09% | - | +0.05% | +0.14% | +0.46% |
| Change | -0.0243 | -0.0127 | -0.0040 | - | +0.0022 | +0.0062 | +0.0209 |
| Level | Intermediate | Major | Minor | - | Intermediate | Minor | 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 | 4.4777 | 4.4907 | 4.4986 | 4.5116 | 4.5195 | 4.5325 | 4.5404 |
| Camarilla | 4.5008 | 4.5027 | 4.5046 | 4.5065 | 4.5084 | 4.5103 | 4.5123 |
| Woodie | 4.4752 | 4.4894 | 4.4961 | 4.5103 | 4.5170 | 4.5312 | 4.5379 |
| Fibonacci | 4.4907 | 4.4987 | 4.5036 | 4.5116 | 4.5196 | 4.5245 | 4.5325 |
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): | 41.84 | |
| MACD (12,26,9): | -0.0013 | |
| Directional Movement: | -3.5449 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 4.5059 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5085 | |
| Elder Ray (13): | -0.0020 | |
| Super Trend (3,10): | 4.5122 | |
| Zig ZAG (10): | 4.5038 | |
| VORTEX (21): | 0.8948 | |
| Stochastique (14,3,5): | 6.78 | |
| TEMA (21): | 4.5033 | |
| Williams %R (14): | -96.49 | |
| Chande Momentum Oscillator (20): | -0.0035 | |
| Repulse (5,40,3): | -0.0187 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0013 | |
| Courbe Coppock: | 0.42 |
| MA7: | 4.4972 | |
| MA20: | 4.4946 | |
| MA50: | 4.5120 | |
| MA100: | 4.5081 | |
| MAexp7: | 4.5053 | |
| MAexp20: | 4.5071 | |
| MAexp50: | 4.5059 | |
| MAexp100: | 4.5020 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | +0.20% | |
| Price / MA50: | -0.18% | |
| Price / MA100: | -0.10% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | +0.04% |
Quotes :
2021-02-25 06:33:34
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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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