EUR/PLN - 1H - Technical analysis published on 05/24/2021 (GMT)
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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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 4.4967 PLN
My targets
4.4747 PLN (-0.0140)
4.4273 PLN (-0.0614)
My analysis
The bearish trend is currently very strong for EUR/PLN. As long as the price remains below the resistance at 4.4967 PLN, you could try to take advantage of the bearish rally. The first bearish objective is located at 4.4747 PLN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.4273 PLN as an objective. Crossing it would then enable sellers to target 4.3940 PLN. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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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
EUR/PLN rating 4.4887 PLN. The price registered a decrease of -0.17% on the session and was traded between 4.4824 PLN and 4.4955 PLN over the period. The price is currently at +0.14% from its lowest and -0.15% from its highest.4.4824
4.4955
4.4887
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 EUR/PLN in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
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 : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.4273 | 4.4747 | 4.4848 | 4.4887 | 4.4967 | 4.5049 | 4.5182 |
| Change (%) | -1.37% | -0.31% | -0.09% | - | +0.18% | +0.36% | +0.66% |
| Change | -0.0614 | -0.0140 | -0.0039 | - | +0.0080 | +0.0162 | +0.0295 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4658 | 4.4753 | 4.4859 | 4.4954 | 4.5060 | 4.5155 | 4.5261 |
| Camarilla | 4.4910 | 4.4928 | 4.4947 | 4.4965 | 4.4983 | 4.5002 | 4.5020 |
| Woodie | 4.4664 | 4.4756 | 4.4865 | 4.4957 | 4.5066 | 4.5158 | 4.5267 |
| Fibonacci | 4.4753 | 4.4830 | 4.4877 | 4.4954 | 4.5031 | 4.5078 | 4.5155 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4105 | 4.4476 | 4.4721 | 4.5092 | 4.5337 | 4.5708 | 4.5953 |
| Camarilla | 4.4796 | 4.4852 | 4.4909 | 4.4965 | 4.5022 | 4.5078 | 4.5134 |
| Woodie | 4.4041 | 4.4445 | 4.4657 | 4.5061 | 4.5273 | 4.5677 | 4.5889 |
| Fibonacci | 4.4476 | 4.4712 | 4.4857 | 4.5092 | 4.5328 | 4.5473 | 4.5708 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 31.46 | |
| MACD (12,26,9): | -0.0021 | |
| Directional Movement: | -15.1305 | |
| AROON (14): | -85.7142 | |
| DEMA (21): | 4.4903 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4997 | |
| Elder Ray (13): | -0.0063 | |
| Super Trend (3,10): | 4.4969 | |
| Zig ZAG (10): | 4.4856 | |
| VORTEX (21): | 1.0275 | |
| Stochastique (14,3,5): | 24.90 | |
| TEMA (21): | 4.4909 | |
| Williams %R (14): | -78.82 | |
| Chande Momentum Oscillator (20): | -0.0055 | |
| Repulse (5,40,3): | -0.1213 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0045 | |
| Courbe Coppock: | 0.15 |
| MA7: | 4.5127 | |
| MA20: | 4.5420 | |
| MA50: | 4.5688 | |
| MA100: | 4.5475 | |
| MAexp7: | 4.4913 | |
| MAexp20: | 4.4930 | |
| MAexp50: | 4.4983 | |
| MAexp100: | 4.5070 | |
| Price / MA7: | -0.53% | |
| Price / MA20: | -1.17% | |
| Price / MA50: | -1.75% | |
| Price / MA100: | -1.29% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.41% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on EUR/PLN at the time of the analysis were 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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