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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 4.5059 PLN
My targets
4.5246 PLN (+0.0106)
4.5481 PLN (+0.0341)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/PLN as long as the price remains well above 4.5059 PLN. The buyers” bullish objective is set at 4.5246 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. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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 price is 4.5140 PLN. On the day, this instrument gained +0.17% and was traded between 4.5031 PLN and 4.5165 PLN over the period. The price is currently at +0.24% from its lowest and -0.06% from its highest.4.5031
4.5165
4.5140
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
Here is a more detailed summary of the historical variations registered by EUR/PLN:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/PLN chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed over Bollinger bands
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
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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 | 4.4997 | 4.5059 | 4.5099 | 4.5140 | 4.5246 | 4.5481 | 4.5829 |
| Change (%) | -0.32% | -0.18% | -0.09% | - | +0.23% | +0.76% | +1.53% |
| Change | -0.0143 | -0.0081 | -0.0041 | - | +0.0106 | +0.0341 | +0.0689 |
| 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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.57 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | -0.6804 | |
| AROON (14): | 7.1429 | |
| DEMA (21): | 4.5098 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5034 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 4.4981 | |
| Zig ZAG (10): | 4.5116 | |
| VORTEX (21): | 1.0068 | |
| Stochastique (14,3,5): | 56.72 | |
| TEMA (21): | 4.5094 | |
| Williams %R (14): | -41.04 | |
| Chande Momentum Oscillator (20): | 0.0059 | |
| Repulse (5,40,3): | -0.0150 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0004 | |
| Courbe Coppock: | 0.15 |
| MA7: | 4.4977 | |
| MA20: | 4.4950 | |
| MA50: | 4.5121 | |
| MA100: | 4.5082 | |
| MAexp7: | 4.5092 | |
| MAexp20: | 4.5092 | |
| MAexp50: | 4.5073 | |
| MAexp100: | 4.5033 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | +0.42% | |
| Price / MA50: | +0.04% | |
| Price / MA100: | +0.13% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +0.24% |
Quotes :
2021-02-25 15:09:24
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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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