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 05/17/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 4.5403 PLN
My targets
4.5183 PLN (-0.0096)
4.4967 PLN (-0.0312)
My analysis
The bearish basic trend is very strong on EUR/PLN but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 4.5403 PLN. Crossing the first support at 4.5183 PLN would be a sign of a further potential price plummet. Sellers would then use the next support located at 4.4967 PLN as an objective. Crossing it would then enable sellers to target 4.4747 PLN. Caution, a return to above the resistance located at 4.5403 PLN would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.4

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 4.5279 PLN. On the day, this instrument lost -0.08% and was between 4.5181 PLN and 4.5335 PLN. This implies that the price is at +0.22% from its lowest and at -0.12% from its highest.

4.5181
4.5335
4.5279

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 results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of EUR/PLN indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

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 4.4747 4.4967 4.5183 4.5279 4.5304 4.5403 4.5491
Change (%) -1.17% -0.69% -0.21% - +0.06% +0.27% +0.47%
Change -0.0532 -0.0312 -0.0096 - +0.0025 +0.0124 +0.0212
Level Intermediate Major Major - Intermediate Intermediate Intermediate



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
Standard4.49804.50814.51994.53004.54184.55194.5637
Camarilla4.52564.52764.52964.53164.53364.53564.5376
Woodie4.49884.50854.52074.53044.54264.55234.5645
Fibonacci4.50814.51654.52174.53004.53844.54364.5519


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.44854.48344.50754.54244.56654.60144.6255
Camarilla4.51544.52084.52624.53164.53704.54244.5478
Woodie4.44314.48074.50214.53974.56114.59874.6201
Fibonacci4.48344.50594.51994.54244.56494.57894.6014


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): 33.81
MACD (12,26,9): -0.0016
Directional Movement: -18.6185
AROON (14): -64.2857
DEMA (21): 4.5261
Parabolic SAR (0,02-0,02-0,2): 4.5332
Elder Ray (13): -0.0040
Super Trend (3,10): 4.5365
Zig ZAG (10): 4.5244
VORTEX (21): 0.9608
Stochastique (14,3,5): 39.93
TEMA (21): 4.5264
Williams %R (14): -59.09
Chande Momentum Oscillator (20): -0.0072
Repulse (5,40,3): -0.0368
ROCnROLL: 2
TRIX (15,9): -0.0030
Courbe Coppock: 0.10
MA7: 4.5421
MA20: 4.5549
MA50: 4.5763
MA100: 4.5495
MAexp7: 4.5270
MAexp20: 4.5278
MAexp50: 4.5318
MAexp100: 4.5385
Price / MA7: -0.31%
Price / MA20: -0.59%
Price / MA50: -1.06%
Price / MA100: -0.47%
Price / MAexp7: +0.02%
Price / MAexp20: +0.00%
Price / MAexp50: -0.09%
Price / MAexp100: -0.23%

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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