EUR/PLN
EUR PLN
- PLN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURPLN
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EUR/PLN - 1H - Technical analysis published on 05/10/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 4.5609 PLN
My targets
4.5829 PLN (+0.0110)
4.5931 PLN (+0.0212)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on EUR/PLN. This is a positive signal for buyers. As long as the price remains above 4.5609 PLN, a purchase could be considered. The first bullish objective is located at 4.5829 PLN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.5931 PLN as an objective. Crossing it would then enable buyers to target 4.6100 PLN. In the event of a return below 4.5609 PLN, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.9

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:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/PLN rating is 4.5719 PLN. The price has increased by +0.39% since the last closing and was between 4.5499 PLN and 4.5773 PLN. This implies that the price is at +0.48% from its lowest and at -0.12% from its highest.

4.5499
4.5773
4.5719

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

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 bullish. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

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


S3S2S1PriceR1R2R3
ProTrendLines 4.5524 4.5609 4.5678 4.5719 4.5829 4.5872 4.5931
Change (%) -0.43% -0.24% -0.09% - +0.24% +0.33% +0.46%
Change -0.0195 -0.0110 -0.0041 - +0.0110 +0.0153 +0.0212
Level Intermediate Minor Intermediate - Minor Minor Minor



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
Standard4.50114.52494.53964.56344.57814.60194.6166
Camarilla4.54364.54714.55074.55424.55774.56134.5648
Woodie4.49654.52264.53504.56114.57354.59964.6120
Fibonacci4.52494.53964.54874.56344.57814.58724.6019


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.47774.50774.53104.56104.58434.61434.6376
Camarilla4.53954.54444.54934.55424.55914.56404.5689
Woodie4.47434.50604.52764.55934.58094.61264.6342
Fibonacci4.50774.52814.54074.56104.58144.59404.6143


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.39164.45594.50764.57194.62364.68794.7396
Camarilla4.52734.53794.54864.55924.56984.58054.5911
Woodie4.38524.45284.50124.56884.61724.68484.7332
Fibonacci4.45594.50034.52764.57194.61634.64364.6879

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 66.58
MACD (12,26,9): 0.0002
Directional Movement: 17.7292
AROON (14): 14.2857
DEMA (21): 4.5587
Parabolic SAR (0,02-0,02-0,2): 4.5502
Elder Ray (13): 0.0134
Super Trend (3,10): 4.5574
Zig ZAG (10): 4.5734
VORTEX (21): 1.2004
Stochastique (14,3,5): 69.67
TEMA (21): 4.5578
Williams %R (14): -12.41
Chande Momentum Oscillator (20): 0.0221
Repulse (5,40,3): 0.4156
ROCnROLL: 1
TRIX (15,9): -0.0127
Courbe Coppock: 0.16
MA7: 4.5616
MA20: 4.5601
MA50: 4.5796
MA100: 4.5477
MAexp7: 4.5601
MAexp20: 4.5601
MAexp50: 4.5631
MAexp100: 4.5642
Price / MA7: +0.23%
Price / MA20: +0.26%
Price / MA50: -0.17%
Price / MA100: +0.53%
Price / MAexp7: +0.26%
Price / MAexp20: +0.26%
Price / MAexp50: +0.19%
Price / MAexp100: +0.17%

Quotes : - 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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