EUR/PLN - 1H - Technical analysis published on 04/21/2021 (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
Short term:
Bearish
Underlying:
Bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 4.5580 PLN
My targets
4.5397 PLN (-0.0102)
4.5306 PLN (-0.0193)
My analysis
There is a bearish trend on EUR/PLN both at the basic level and in the short term. A sale could be considered, so long as the price remains below 4.5580 PLN. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 4.5397 PLN. Then the price could move towards 4.5306 PLN. Then 4.5203 PLN by extension. Be careful, a return to above the resistance 4.5580 PLN would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.4
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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 4.5499 PLN. The price registered a decrease of -0.05% on the session and was between 4.5494 PLN and 4.5544 PLN. This implies that the price is at +0.01% from its lowest and at -0.10% from its highest.4.5494
4.5544
4.5499
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/PLN indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
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 Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 7 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.5306 | 4.5397 | 4.5487 | 4.5499 | 4.5580 | 4.5624 | 4.5678 |
| Change (%) | -0.42% | -0.22% | -0.03% | - | +0.18% | +0.27% | +0.39% |
| Change | -0.0193 | -0.0102 | -0.0012 | - | +0.0081 | +0.0125 | +0.0179 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Minor |
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 | 4.5342 | 4.5401 | 4.5461 | 4.5520 | 4.5580 | 4.5639 | 4.5699 |
| Camarilla | 4.5487 | 4.5498 | 4.5509 | 4.5520 | 4.5531 | 4.5542 | 4.5553 |
| Woodie | 4.5342 | 4.5401 | 4.5461 | 4.5520 | 4.5580 | 4.5639 | 4.5699 |
| Fibonacci | 4.5401 | 4.5447 | 4.5475 | 4.5520 | 4.5566 | 4.5594 | 4.5639 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4635 | 4.4919 | 4.5171 | 4.5455 | 4.5707 | 4.5991 | 4.6243 |
| Camarilla | 4.5276 | 4.5325 | 4.5374 | 4.5423 | 4.5472 | 4.5521 | 4.5570 |
| Woodie | 4.4619 | 4.4911 | 4.5155 | 4.5447 | 4.5691 | 4.5983 | 4.6227 |
| Fibonacci | 4.4919 | 4.5124 | 4.5250 | 4.5455 | 4.5660 | 4.5786 | 4.5991 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3624 | 4.4360 | 4.5334 | 4.6070 | 4.7044 | 4.7780 | 4.8754 |
| Camarilla | 4.5837 | 4.5994 | 4.6150 | 4.6307 | 4.6464 | 4.6621 | 4.6777 |
| Woodie | 4.3742 | 4.4420 | 4.5452 | 4.6130 | 4.7162 | 4.7840 | 4.8872 |
| Fibonacci | 4.4360 | 4.5014 | 4.5417 | 4.6070 | 4.6724 | 4.7127 | 4.7780 |
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): | 47.18 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -0.8269 | |
| AROON (14): | -7.1428 | |
| DEMA (21): | 4.5519 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5544 | |
| Elder Ray (13): | -0.0007 | |
| Super Trend (3,10): | 4.5607 | |
| Zig ZAG (10): | 4.5503 | |
| VORTEX (21): | 0.9679 | |
| Stochastique (14,3,5): | 42.71 | |
| TEMA (21): | 4.5513 | |
| Williams %R (14): | -67.19 | |
| Chande Momentum Oscillator (20): | -0.0045 | |
| Repulse (5,40,3): | -0.0374 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0002 | |
| Courbe Coppock: | 0.03 |
| MA7: | 4.5527 | |
| MA20: | 4.5822 | |
| MA50: | 4.5636 | |
| MA100: | 4.5328 | |
| MAexp7: | 4.5514 | |
| MAexp20: | 4.5520 | |
| MAexp50: | 4.5517 | |
| MAexp100: | 4.5516 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | -0.70% | |
| Price / MA50: | -0.30% | |
| Price / MA100: | +0.38% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.04% |
Quotes :
-
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?
-
Volatility Expected For EUR/PLN
-
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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