EUR/PLN - 1H - Technical analysis published on 02/25/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 4.5059 PLN
My targets
4.5246 PLN (+0.0136)
4.5481 PLN (+0.0371)
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 4.5059 PLN. Crossing the first resistance at 4.5246 PLN would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 4.5481 PLN as an objective. Crossing it would then enable buyers to target 4.5829 PLN. Caution, a return to below 4.5059 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, 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
6.8
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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 4.5110 PLN. The price registered an increase of +0.10% on the session with the lowest point at 4.5036 PLN and the highest point at 4.5111 PLN. The deviation from the price is +0.16% for the low point and +0.00% for the high point.4.5036
4.5111
4.5110
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 strongly bullish. The signals given by moving averages are 89.29% 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 several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
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
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 this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.4997 | 4.5059 | 4.5099 | 4.5110 | 4.5246 | 4.5481 | 4.5829 |
| Change (%) | -0.25% | -0.11% | -0.02% | - | +0.30% | +0.82% | +1.59% |
| Change | -0.0113 | -0.0051 | -0.0011 | - | +0.0136 | +0.0371 | +0.0719 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation 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): | 47.95 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | 6.7168 | |
| AROON (14): | 7.1429 | |
| DEMA (21): | 4.5066 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5036 | |
| Elder Ray (13): | 0.0012 | |
| Super Trend (3,10): | 4.5130 | |
| Zig ZAG (10): | 4.5074 | |
| VORTEX (21): | 0.8844 | |
| Stochastique (14,3,5): | 58.72 | |
| TEMA (21): | 4.5050 | |
| Williams %R (14): | -10.00 | |
| Chande Momentum Oscillator (20): | 0.0013 | |
| Repulse (5,40,3): | 0.1166 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0020 | |
| Courbe Coppock: | 0.25 |
| MA7: | 4.4981 | |
| MA20: | 4.4949 | |
| MA50: | 4.5121 | |
| MA100: | 4.5082 | |
| MAexp7: | 4.5051 | |
| MAexp20: | 4.5076 | |
| MAexp50: | 4.5062 | |
| MAexp100: | 4.5022 | |
| Price / MA7: | +0.29% | |
| Price / MA20: | +0.36% | |
| Price / MA50: | -0.02% | |
| Price / MA100: | +0.06% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.20% |
Quotes :
2021-02-25 07:40:59
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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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