EUR/PLN - 1H - Technical analysis published on 06/25/2021 (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
28%
56%
17%
My opinion
Bearish under 4.5155 PLN
My targets
4.5033 PLN (-0.0074)
4.4967 PLN (-0.0140)
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 4.5155 PLN. The sellers' bearish objective is set at 4.5033 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.4967 PLN. In case of crossing, the next objective would be the support located at 4.4568 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 not called into question, despite technical indicators being neutral.
Force
0
10
6.3
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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
The EUR/PLN price is 4.5107 PLN. The price is lower by -0.20% since the last closing with the lowest point at 4.5090 PLN and the highest point at 4.5226 PLN. The deviation from the price is +0.04% for the low point and -0.26% for the high point.4.5090
4.5226
4.5107
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/PLN chart shows a sharp bearish trend. 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. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Long black line
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.4568 | 4.4967 | 4.5033 | 4.5107 | 4.5155 | 4.5234 | 4.5306 |
| Change (%) | -1.19% | -0.31% | -0.16% | - | +0.11% | +0.28% | +0.44% |
| Change | -0.0539 | -0.0140 | -0.0074 | - | +0.0048 | +0.0127 | +0.0199 |
| Level | Major | Major | Intermediate | - | Minor | 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 | 4.4972 | 4.5064 | 4.5131 | 4.5223 | 4.5290 | 4.5382 | 4.5449 |
| Camarilla | 4.5155 | 4.5170 | 4.5184 | 4.5199 | 4.5214 | 4.5228 | 4.5243 |
| Woodie | 4.4961 | 4.5058 | 4.5120 | 4.5217 | 4.5279 | 4.5376 | 4.5438 |
| Fibonacci | 4.5064 | 4.5124 | 4.5162 | 4.5223 | 4.5283 | 4.5321 | 4.5382 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4265 | 4.4568 | 4.5047 | 4.5350 | 4.5829 | 4.6132 | 4.6611 |
| Camarilla | 4.5311 | 4.5383 | 4.5454 | 4.5526 | 4.5598 | 4.5669 | 4.5741 |
| Woodie | 4.4353 | 4.4612 | 4.5135 | 4.5394 | 4.5917 | 4.6176 | 4.6699 |
| Fibonacci | 4.4568 | 4.4867 | 4.5051 | 4.5350 | 4.5649 | 4.5833 | 4.6132 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3272 | 4.4024 | 4.4407 | 4.5159 | 4.5542 | 4.6294 | 4.6677 |
| Camarilla | 4.4478 | 4.4582 | 4.4686 | 4.4790 | 4.4894 | 4.4998 | 4.5102 |
| Woodie | 4.3088 | 4.3932 | 4.4223 | 4.5067 | 4.5358 | 4.6202 | 4.6493 |
| Fibonacci | 4.4024 | 4.4458 | 4.4725 | 4.5159 | 4.5593 | 4.5860 | 4.6294 |
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): | 38.05 | |
| MACD (12,26,9): | -0.0018 | |
| Directional Movement: | -22.0301 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 4.5180 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5366 | |
| Elder Ray (13): | -0.0040 | |
| Super Trend (3,10): | 4.5135 | |
| Zig ZAG (10): | 4.5134 | |
| VORTEX (21): | 0.8730 | |
| Stochastique (14,3,5): | 50.26 | |
| TEMA (21): | 4.5167 | |
| Williams %R (14): | -69.85 | |
| Chande Momentum Oscillator (20): | -0.0072 | |
| Repulse (5,40,3): | -0.1265 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0054 | |
| Courbe Coppock: | 0.17 |
| MA7: | 4.5309 | |
| MA20: | 4.4991 | |
| MA50: | 4.5223 | |
| MA100: | 4.5409 | |
| MAexp7: | 4.5179 | |
| MAexp20: | 4.5206 | |
| MAexp50: | 4.5231 | |
| MAexp100: | 4.5255 | |
| Price / MA7: | -0.45% | |
| Price / MA20: | +0.26% | |
| Price / MA50: | -0.26% | |
| Price / MA100: | -0.67% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.27% | |
| Price / MAexp100: | -0.33% |
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:
-
Where Is EUR/PLN Heading?
-
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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