EUR/PLN - 1H - Technical analysis published on 05/10/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 4.5609 PLN
My targets
4.5423 PLN (-0.0086)
4.5304 PLN (-0.0205)
My analysis
EUR/PLN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4.5609 PLN. The next support located at 4.5423 PLN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 4.5304 PLN. Below this support, sellers could then target 4.4967 PLN.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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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 4.5509 PLN. On the day, this instrument lost -0.07% and was between 4.5499 PLN and 4.5603 PLN. This implies that the price is at +0.02% from its lowest and at -0.21% from its highest.4.5499
4.5603
4.5509
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
Technical
A technical analysis in 1H of this EUR/PLN chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 4 are neutral and 9 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
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.5378 | 4.5423 | 4.5477 | 4.5509 | 4.5524 | 4.5609 | 4.5678 |
| Change (%) | -0.29% | -0.19% | -0.07% | - | +0.03% | +0.22% | +0.37% |
| Change | -0.0131 | -0.0086 | -0.0032 | - | +0.0015 | +0.0100 | +0.0169 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | 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 | 4.5011 | 4.5249 | 4.5396 | 4.5634 | 4.5781 | 4.6019 | 4.6166 |
| Camarilla | 4.5436 | 4.5471 | 4.5507 | 4.5542 | 4.5577 | 4.5613 | 4.5648 |
| Woodie | 4.4965 | 4.5226 | 4.5350 | 4.5611 | 4.5735 | 4.5996 | 4.6120 |
| Fibonacci | 4.5249 | 4.5396 | 4.5487 | 4.5634 | 4.5781 | 4.5872 | 4.6019 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4777 | 4.5077 | 4.5310 | 4.5610 | 4.5843 | 4.6143 | 4.6376 |
| Camarilla | 4.5395 | 4.5444 | 4.5493 | 4.5542 | 4.5591 | 4.5640 | 4.5689 |
| Woodie | 4.4743 | 4.5060 | 4.5276 | 4.5593 | 4.5809 | 4.6126 | 4.6342 |
| Fibonacci | 4.5077 | 4.5281 | 4.5407 | 4.5610 | 4.5814 | 4.5940 | 4.6143 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3916 | 4.4559 | 4.5076 | 4.5719 | 4.6236 | 4.6879 | 4.7396 |
| Camarilla | 4.5273 | 4.5379 | 4.5486 | 4.5592 | 4.5698 | 4.5805 | 4.5911 |
| Woodie | 4.3852 | 4.4528 | 4.5012 | 4.5688 | 4.6172 | 4.6848 | 4.7332 |
| Fibonacci | 4.4559 | 4.5003 | 4.5276 | 4.5719 | 4.6163 | 4.6436 | 4.6879 |
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): | 38.25 | |
| MACD (12,26,9): | -0.0041 | |
| Directional Movement: | -14.7022 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 4.5505 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5573 | |
| Elder Ray (13): | -0.0019 | |
| Super Trend (3,10): | 4.5644 | |
| Zig ZAG (10): | 4.5514 | |
| VORTEX (21): | 0.7798 | |
| Stochastique (14,3,5): | 15.49 | |
| TEMA (21): | 4.5494 | |
| Williams %R (14): | -92.93 | |
| Chande Momentum Oscillator (20): | -0.0032 | |
| Repulse (5,40,3): | -0.0969 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0153 | |
| Courbe Coppock: | 0.16 |
| MA7: | 4.5584 | |
| MA20: | 4.5590 | |
| MA50: | 4.5792 | |
| MA100: | 4.5475 | |
| MAexp7: | 4.5527 | |
| MAexp20: | 4.5562 | |
| MAexp50: | 4.5621 | |
| MAexp100: | 4.5639 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | -0.18% | |
| Price / MA50: | -0.62% | |
| Price / MA100: | +0.07% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -0.28% |
Quotes :
-
Real time data
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Forex
News
Don't forget to follow the news on EUR/PLN. At the time of publication of this analysis, the latest news was 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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