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
28%
33%
39%
My opinion
Bearish under 4.5099 PLN
My targets
4.4910 PLN (-0.0132)
4.4794 PLN (-0.0248)
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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
0.9
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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 rating is 4.5042 PLN. The price is lower by -0.05% since the last closing and was traded between 4.5036 PLN and 4.5165 PLN over the period. The price is currently at +0.01% from its lowest and -0.27% from its highest.4.5036
4.5165
4.5042
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 EUR/PLN in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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, 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 | 4.5042 | 4.5059 | 4.5099 | 4.5246 |
| Change (%) | -0.55% | -0.29% | -0.10% | - | +0.04% | +0.13% | +0.45% |
| Change | -0.0248 | -0.0132 | -0.0045 | - | +0.0017 | +0.0057 | +0.0204 |
| Level | Intermediate | Major | Minor | - | 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 | 4.4777 | 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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.33 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 4.6853 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 4.5084 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5055 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 4.5130 | |
| Zig ZAG (10): | 4.5077 | |
| VORTEX (21): | 0.8901 | |
| Stochastique (14,3,5): | 37.98 | |
| TEMA (21): | 4.5069 | |
| Williams %R (14): | -92.25 | |
| Chande Momentum Oscillator (20): | -0.0019 | |
| Repulse (5,40,3): | -0.1910 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0012 | |
| Courbe Coppock: | 0.05 |
| MA7: | 4.4985 | |
| MA20: | 4.4949 | |
| MA50: | 4.5120 | |
| MA100: | 4.5081 | |
| MAexp7: | 4.5105 | |
| MAexp20: | 4.5084 | |
| MAexp50: | 4.5067 | |
| MAexp100: | 4.5027 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | +0.21% | |
| Price / MA50: | -0.17% | |
| Price / MA100: | -0.09% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | +0.03% |
Quotes :
2021-02-25 11:09:42
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Real time data
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Forex
News
Don"t forget to follow the news on EUR/PLN. At the time of publication of this analysis, the latest news was 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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