EUR/PLN - Daily - Technical analysis published on 05/26/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 4.5304 PLN
My targets
4.4273 PLN (-0.0579)
4.3940 PLN (-0.0912)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/PLN as long as the price remains well below 4.5304 PLN. The sellers' bearish objective is set at 4.4273 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.3940 PLN. In case of crossing, the next objective would be the support located at 4.3402 PLN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/PLN rating 4.4852 PLN. On the day, this instrument gained +0.06% and was between 4.4793 PLN and 4.4874 PLN. This implies that the price is at +0.13% from its lowest and at -0.05% from its highest.4.4793
4.4874
4.4852
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.
Bullish opening
Type : Bullish
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
Technical
Technical analysis of this Daily chart of EUR/PLN indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.3940 | 4.4273 | 4.4747 | 4.4852 | 4.4967 | 4.5304 | 4.5760 |
| Change (%) | -2.03% | -1.29% | -0.23% | - | +0.26% | +1.01% | +2.02% |
| Change | -0.0912 | -0.0579 | -0.0105 | - | +0.0115 | +0.0452 | +0.0908 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4695 | 4.4739 | 4.4781 | 4.4825 | 4.4867 | 4.4911 | 4.4953 |
| Camarilla | 4.4800 | 4.4808 | 4.4816 | 4.4824 | 4.4832 | 4.4840 | 4.4848 |
| Woodie | 4.4695 | 4.4739 | 4.4781 | 4.4825 | 4.4867 | 4.4911 | 4.4953 |
| Fibonacci | 4.4739 | 4.4772 | 4.4792 | 4.4825 | 4.4858 | 4.4878 | 4.4911 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 30.28 | |
| MACD (12,26,9): | -0.0210 | |
| Directional Movement: | -13.1528 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 4.4986 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5156 | |
| Elder Ray (13): | -0.0298 | |
| Super Trend (3,10): | 4.5456 | |
| Zig ZAG (10): | 4.4806 | |
| VORTEX (21): | 0.8569 | |
| Stochastique (14,3,5): | 2.84 | |
| TEMA (21): | 4.4847 | |
| Williams %R (14): | -96.33 | |
| Chande Momentum Oscillator (20): | -0.0792 | |
| Repulse (5,40,3): | -0.3034 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0472 | |
| Courbe Coppock: | 2.78 |
| MA7: | 4.4980 | |
| MA20: | 4.5328 | |
| MA50: | 4.5642 | |
| MA100: | 4.5465 | |
| MAexp7: | 4.4970 | |
| MAexp20: | 4.5235 | |
| MAexp50: | 4.5430 | |
| MAexp100: | 4.5398 | |
| Price / MA7: | -0.28% | |
| Price / MA20: | -1.05% | |
| Price / MA50: | -1.73% | |
| Price / MA100: | -1.35% | |
| Price / MAexp7: | -0.26% | |
| Price / MAexp20: | -0.85% | |
| Price / MAexp50: | -1.27% | |
| Price / MAexp100: | -1.20% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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