EUR/PLN
EUR PLN
- PLN (-)
- Real time data - Forex
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Type: Forex
Ticker: EURPLN
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EUR/PLN - 1H - Technical analysis published on 05/14/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 4.5499 PLN
My targets
4.5304 PLN (-0.0053)
4.5211 PLN (-0.0146)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/PLN. As long as you are under the resistance located at 4.5499 PLN, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 4.5304 PLN would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 4.5211 PLN as an objective. Crossing it would then enable sellers to target 4.4967 PLN. If the resistance 4.5499 PLN were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.5

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

EUR/PLN rating 4.5357 PLN. The price has increased by +0.20% since the last closing and was between 4.5253 PLN and 4.5373 PLN. This implies that the price is at +0.23% from its lowest and at -0.04% from its highest.

4.5253
4.5373
4.5357

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

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


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. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

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



An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal support 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 4.4967 4.5211 4.5304 4.5357 4.5381 4.5499 4.5705
Change (%) -0.86% -0.32% -0.12% - +0.05% +0.31% +0.77%
Change -0.0390 -0.0146 -0.0053 - +0.0024 +0.0142 +0.0348
Level Major Intermediate Intermediate - Intermediate Intermediate 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
Standard4.47724.49924.51284.53484.54844.57044.5840
Camarilla4.51674.52004.52324.52654.52984.53304.5363
Woodie4.47314.49714.50874.53274.54434.56834.5799
Fibonacci4.49924.51284.52124.53484.54844.55684.5704


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): 48.52
MACD (12,26,9): -0.0036
Directional Movement: 7.4962
AROON (14): -35.7143
DEMA (21): 4.5258
Parabolic SAR (0,02-0,02-0,2): 4.5445
Elder Ray (13): 0.0007
Super Trend (3,10): 4.5400
Zig ZAG (10): 4.5322
VORTEX (21): 0.8561
Stochastique (14,3,5): 44.71
TEMA (21): 4.5260
Williams %R (14): -8.33
Chande Momentum Oscillator (20): 0.0070
Repulse (5,40,3): 0.2170
ROCnROLL: -1
TRIX (15,9): -0.0160
Courbe Coppock: 0.05
MA7: 4.5478
MA20: 4.5561
MA50: 4.5777
MA100: 4.5494
MAexp7: 4.5272
MAexp20: 4.5308
MAexp50: 4.5380
MAexp100: 4.5451
Price / MA7: -0.27%
Price / MA20: -0.45%
Price / MA50: -0.92%
Price / MA100: -0.30%
Price / MAexp7: +0.19%
Price / MAexp20: +0.11%
Price / MAexp50: -0.05%
Price / MAexp100: -0.21%

Quotes : - Real time data - 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:

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

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