EUR/PLN

- PLN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURPLN
ISIN:

EUR/PLN - Daily - Technical analysis published on 03/05/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 4.5481 PLN

My targets

4.6319 PLN (+0.0535)

4.9093 PLN (+0.3309)

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 4.5481 PLN. The next resistance located at 4.6319 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 4.9093 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.4

Comment on the analysis

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 4.5784 PLN. The price registered an increase of +0.35% on the session with the lowest point at 4.5609 PLN and the highest point at 4.5823 PLN. The deviation from the price is +0.38% for the low point and -0.09% for the high point.

4.5609

4.5823

4.5784

Here is a more detailed summary of the historical variations registered by EUR/PLN:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of EUR/PLN in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% 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 a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of triangle

Type : Bearish

Timeframe : Daily

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	4.4165	4.4967	4.5481	4.5784	4.5835	4.6319	4.9093
Change (%)	-3.54%	-1.78%	-0.66%	-	+0.11%	+1.17%	+7.23%
Change	-0.1619	-0.0817	-0.0303	-	+0.0051	+0.0535	+0.3309
Level	Intermediate	Major	Major	-	Major	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.5235	4.5339	4.5485	4.5589	4.5735	4.5839	4.5985
Camarilla	4.5562	4.5585	4.5608	4.5631	4.5654	4.5677	4.5700
Woodie	4.5256	4.5350	4.5506	4.5600	4.5756	4.5850	4.6006
Fibonacci	4.5339	4.5435	4.5494	4.5589	4.5685	4.5744	4.5839

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):	73.42
MACD (12,26,9):	0.0131
Directional Movement:	21.5612
AROON (14):	78.5714
DEMA (21):	4.5366
Parabolic SAR (0,02-0,02-0,2):	4.5126
Elder Ray (13):	0.0400
Super Trend (3,10):	4.5099
Zig ZAG (10):	4.5784
VORTEX (21):	1.1916
Stochastique (14,3,5):	92.58
TEMA (21):	4.5484
Williams %R (14):	-5.88
Chande Momentum Oscillator (20):	0.0846
Repulse (5,40,3):	0.8904
ROCnROLL:	1
TRIX (15,9):	0.0083
Courbe Coppock:	2.35

MA7:	4.5429
MA20:	4.5101
MA50:	4.5209
MA100:	4.5120
MAexp7:	4.5466
MAexp20:	4.5238
MAexp50:	4.5139
MAexp100:	4.5049
Price / MA7:	+0.78%
Price / MA20:	+1.51%
Price / MA50:	+1.27%
Price / MA100:	+1.47%
Price / MAexp7:	+0.70%
Price / MAexp20:	+1.21%
Price / MAexp50:	+1.43%
Price / MAexp100:	+1.63%

Quotes : 2021-03-05 11:44:25 - Real time data - Forex

News

The last news published on EUR/PLN at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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