EUR/PLN - 1H - Technical analysis published on 05/12/2021 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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:
Neutral
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 4.5609 PLN
My targets
4.5378 PLN (-0.0099)
4.5304 PLN (-0.0173)
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 4.5609 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 4.5609 PLN. The next bearish objective for sellers is set at 4.5378 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.5304 PLN. In case of crossing, the next objective would be the support located at 4.4967 PLN. PS: if there is a bullish break in the resistance located at 4.5609 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.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.3
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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 4.5477 PLN. The price registered an increase of +0.16% on the session with the lowest point at 4.5363 PLN and the highest point at 4.5486 PLN. The deviation from the price is +0.25% for the low point and -0.02% for the high point.4.5363
4.5486
4.5477
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Aroon indicator bearish trend
Type : Bearish
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
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.4967 | 4.5304 | 4.5378 | 4.5477 | 4.5498 | 4.5609 | 4.5706 |
| Change (%) | -1.12% | -0.38% | -0.22% | - | +0.05% | +0.29% | +0.50% |
| Change | -0.0510 | -0.0173 | -0.0099 | - | +0.0021 | +0.0132 | +0.0229 |
| Level | Major | Intermediate | Intermediate | - | 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 | 4.4972 | 4.5178 | 4.5292 | 4.5498 | 4.5612 | 4.5818 | 4.5932 |
| Camarilla | 4.5317 | 4.5346 | 4.5376 | 4.5405 | 4.5434 | 4.5464 | 4.5493 |
| Woodie | 4.4925 | 4.5155 | 4.5245 | 4.5475 | 4.5565 | 4.5795 | 4.5885 |
| Fibonacci | 4.5178 | 4.5301 | 4.5376 | 4.5498 | 4.5621 | 4.5696 | 4.5818 |
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): | 48.01 | |
| MACD (12,26,9): | -0.0026 | |
| Directional Movement: | -1.9366 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 4.5399 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5514 | |
| Elder Ray (13): | 0.0014 | |
| Super Trend (3,10): | 4.5549 | |
| Zig ZAG (10): | 4.5439 | |
| VORTEX (21): | 0.9560 | |
| Stochastique (14,3,5): | 49.90 | |
| TEMA (21): | 4.5405 | |
| Williams %R (14): | -29.13 | |
| Chande Momentum Oscillator (20): | 0.0027 | |
| Repulse (5,40,3): | 0.0269 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0117 | |
| Courbe Coppock: | 0.02 |
| MA7: | 4.5574 | |
| MA20: | 4.5577 | |
| MA50: | 4.5794 | |
| MA100: | 4.5488 | |
| MAexp7: | 4.5426 | |
| MAexp20: | 4.5440 | |
| MAexp50: | 4.5498 | |
| MAexp100: | 4.5552 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | -0.22% | |
| Price / MA50: | -0.69% | |
| Price / MA100: | -0.02% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.16% |
Quotes :
-
Real time data
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Forex
News
The last news published on EUR/PLN at the time of the generation of this analysis 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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