EUR/PLN - 1H - Technical analysis published on 03/02/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 4.5247 PLN
My targets
4.5481 PLN (+0.0082)
4.5835 PLN (+0.0436)
My analysis
EUR/PLN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4.5247 PLN. The next resistance located at 4.5481 PLN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4.5835 PLN. After this resistance, buyers could then target 4.6319 PLN. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.3
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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 4.5399 PLN. The price registered an increase of +0.17% on the session and was between 4.5288 PLN and 4.5442 PLN. This implies that the price is at +0.25% from its lowest and at -0.09% from its highest.4.5288
4.5442
4.5399
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/PLN in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 7 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.5098 | 4.5247 | 4.5373 | 4.5399 | 4.5481 | 4.5835 | 4.6319 |
| Change (%) | -0.66% | -0.33% | -0.06% | - | +0.18% | +0.96% | +2.03% |
| Change | -0.0301 | -0.0152 | -0.0026 | - | +0.0082 | +0.0436 | +0.0920 |
| Level | Major | Intermediate | Intermediate | - | Minor | Major | 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 | 4.4878 | 4.4987 | 4.5154 | 4.5263 | 4.5430 | 4.5539 | 4.5706 |
| Camarilla | 4.5244 | 4.5269 | 4.5295 | 4.5320 | 4.5345 | 4.5371 | 4.5396 |
| Woodie | 4.4906 | 4.5002 | 4.5182 | 4.5278 | 4.5458 | 4.5554 | 4.5734 |
| Fibonacci | 4.4987 | 4.5093 | 4.5158 | 4.5263 | 4.5369 | 4.5434 | 4.5539 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4457 | 4.4631 | 4.4925 | 4.5099 | 4.5393 | 4.5567 | 4.5861 |
| Camarilla | 4.5090 | 4.5133 | 4.5176 | 4.5219 | 4.5262 | 4.5305 | 4.5348 |
| Woodie | 4.4517 | 4.4661 | 4.4985 | 4.5129 | 4.5453 | 4.5597 | 4.5921 |
| Fibonacci | 4.4631 | 4.4810 | 4.4920 | 4.5099 | 4.5278 | 4.5388 | 4.5567 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4295 | 4.4502 | 4.4860 | 4.5067 | 4.5425 | 4.5632 | 4.5990 |
| Camarilla | 4.5064 | 4.5115 | 4.5167 | 4.5219 | 4.5271 | 4.5323 | 4.5374 |
| Woodie | 4.4372 | 4.4540 | 4.4937 | 4.5105 | 4.5502 | 4.5670 | 4.6067 |
| Fibonacci | 4.4502 | 4.4718 | 4.4851 | 4.5067 | 4.5283 | 4.5416 | 4.5632 |
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): | 63.29 | |
| MACD (12,26,9): | 0.0025 | |
| Directional Movement: | 6.6858 | |
| AROON (14): | -42.8572 | |
| DEMA (21): | 4.5364 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5415 | |
| Elder Ray (13): | -0.0016 | |
| Super Trend (3,10): | 4.5296 | |
| Zig ZAG (10): | 4.5328 | |
| VORTEX (21): | 0.9895 | |
| Stochastique (14,3,5): | 32.47 | |
| TEMA (21): | 4.5355 | |
| Williams %R (14): | -69.48 | |
| Chande Momentum Oscillator (20): | -0.0020 | |
| Repulse (5,40,3): | 0.0008 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0087 | |
| Courbe Coppock: | 0.07 |
| MA7: | 4.5172 | |
| MA20: | 4.4994 | |
| MA50: | 4.5173 | |
| MA100: | 4.5098 | |
| MAexp7: | 4.5345 | |
| MAexp20: | 4.5349 | |
| MAexp50: | 4.5296 | |
| MAexp100: | 4.5226 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | +0.90% | |
| Price / MA50: | +0.50% | |
| Price / MA100: | +0.67% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.38% |
Quotes :
2021-03-02 16:05:17
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Real time data
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Forex
News
The last news published on EUR/PLN at the time of the generation of this analysis was as follows:
-
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.
About author
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