EUR/PLN - 1H - Technical analysis published on 03/05/2021 (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
78%
0%
22%
My opinion
Bullish above 4.5835 PLN
My targets
4.5990 PLN (+0.0094)
4.6319 PLN (+0.0423)
My analysis
The bullish trend is currently very strong on EUR/PLN. As long as the price remains above the support at 4.5835 PLN, you could try to benefit from the boom. The first bullish objective is located at 4.5990 PLN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.6319 PLN as an objective. Crossing it would then enable buyers to target 4.9093 PLN. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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
8.6
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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 4.5896 PLN. The price has increased by +0.59% since the last closing with the lowest point at 4.5609 PLN and the highest point at 4.5904 PLN. The deviation from the price is +0.63% for the low point and -0.02% for the high point.4.5609
4.5904
4.5896
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
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 this 1H chart of EUR/PLN indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 4.5481 | 4.5693 | 4.5835 | 4.5896 | 4.6319 | 4.9093 |
| Change (%) | -0.90% | -0.44% | -0.13% | - | +0.92% | +6.97% |
| Change | -0.0415 | -0.0203 | -0.0061 | - | +0.0423 | +0.3197 |
| Level | Major | Intermediate | Major | - | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 75.97 | |
| MACD (12,26,9): | 0.0076 | |
| Directional Movement: | 25.5800 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 4.5752 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5628 | |
| Elder Ray (13): | 0.0023 | |
| Super Trend (3,10): | 4.5626 | |
| Zig ZAG (10): | 4.5744 | |
| VORTEX (21): | 1.1516 | |
| Stochastique (14,3,5): | 70.25 | |
| TEMA (21): | 4.5771 | |
| Williams %R (14): | -28.97 | |
| Chande Momentum Oscillator (20): | 0.0126 | |
| Repulse (5,40,3): | 0.0873 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0164 | |
| Courbe Coppock: | 0.48 |
| MA7: | 4.5428 | |
| MA20: | 4.5105 | |
| MA50: | 4.5211 | |
| MA100: | 4.5121 | |
| MAexp7: | 4.5748 | |
| MAexp20: | 4.5694 | |
| MAexp50: | 4.5591 | |
| MAexp100: | 4.5483 | |
| Price / MA7: | +1.03% | |
| Price / MA20: | +1.75% | |
| Price / MA50: | +1.52% | |
| Price / MA100: | +1.72% | |
| Price / MAexp7: | +0.32% | |
| Price / MAexp20: | +0.44% | |
| Price / MAexp50: | +0.67% | |
| Price / MAexp100: | +0.91% |
Quotes :
2021-03-05 14:02:17
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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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