EUR/PLN
EUR PLN
- PLN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURPLN
ISIN:

EUR/PLN - 1H - Technical analysis published on 05/10/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 4.5678 PLN
My targets
4.5524 PLN (-0.0063)
4.5477 PLN (-0.0110)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 4.5678 PLN remains possible. It is advisable to trade EUR/PLN with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 4.5678 PLN. The next bearish objective for sellers is set at 4.5524 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.5477 PLN. In case of crossing, the next objective would be the support located at 4.5423 PLN. PS: if there is a bullish break in the resistance located at 4.5678 PLN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.2

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 price is 4.5587 PLN. The price registered an increase of +0.10% on the session and was traded between 4.5499 PLN and 4.5773 PLN over the period. The price is currently at +0.19% from its lowest and -0.41% from its highest.

4.5499
4.5773
4.5587

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EUR/PLN:
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 EUR/PLN in 1H shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

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 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


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

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



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.5423 4.5477 4.5524 4.5587 4.5609 4.5678 4.5829
Change (%) -0.36% -0.24% -0.14% - +0.05% +0.20% +0.53%
Change -0.0164 -0.0110 -0.0063 - +0.0022 +0.0091 +0.0242
Level Minor Minor Intermediate - Minor Intermediate 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
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 44.80
MACD (12,26,9): 0.0002
Directional Movement: -2.1875
AROON (14): 14.2857
DEMA (21): 4.5595
Parabolic SAR (0,02-0,02-0,2): 4.5524
Elder Ray (13): 0.0021
Super Trend (3,10): 4.5551
Zig ZAG (10): 4.5585
VORTEX (21): 1.0364
Stochastique (14,3,5): 44.28
TEMA (21): 4.5618
Williams %R (14): -74.82
Chande Momentum Oscillator (20): 0.0051
Repulse (5,40,3): -0.2152
ROCnROLL: 2
TRIX (15,9): -0.0055
Courbe Coppock: 0.40
MA7: 4.5595
MA20: 4.5592
MA50: 4.5793
MA100: 4.5475
MAexp7: 4.5621
MAexp20: 4.5602
MAexp50: 4.5629
MAexp100: 4.5641
Price / MA7: -0.02%
Price / MA20: -0.01%
Price / MA50: -0.45%
Price / MA100: +0.25%
Price / MAexp7: -0.07%
Price / MAexp20: -0.03%
Price / MAexp50: -0.09%
Price / MAexp100: -0.12%

Quotes : - Real time data - Forex

News


The latest news and videos published on EUR/PLN at the time of the analysis were as follows:

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

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