EUR/PLN - 1H - Technical analysis published on 09/15/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 4.5445 PLN
My targets
4.5566 PLN (+0.0071)
4.6100 PLN (+0.0605)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 4.5445 PLN remains possible. It is advisable to trade EUR/PLN with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 4.5445 PLN. The next bullish objective for buyers is set at 4.5566 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.6100 PLN. If there is any crossing, the next objective would be the resistance located at 4.6665 PLN. PS: if there is a bearish break in the support located at 4.5445 PLN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.7
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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 4.5495 PLN. The price is lower by -0.06% since the last closing and was between 4.5454 PLN and 4.5572 PLN. This implies that the price is at +0.09% from its lowest and at -0.17% from its highest.4.5454
4.5572
4.5495
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
A technical analysis in 1H of this EUR/PLN chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.5063 | 4.5291 | 4.5445 | 4.5495 | 4.5508 | 4.5566 | 4.6100 |
| Change (%) | -0.95% | -0.45% | -0.11% | - | +0.03% | +0.16% | +1.33% |
| Change | -0.0432 | -0.0204 | -0.0050 | - | +0.0013 | +0.0071 | +0.0605 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5311 | 4.5371 | 4.5447 | 4.5507 | 4.5583 | 4.5643 | 4.5719 |
| Camarilla | 4.5487 | 4.5499 | 4.5512 | 4.5524 | 4.5537 | 4.5549 | 4.5561 |
| Woodie | 4.5320 | 4.5375 | 4.5456 | 4.5511 | 4.5592 | 4.5647 | 4.5728 |
| Fibonacci | 4.5371 | 4.5423 | 4.5455 | 4.5507 | 4.5559 | 4.5591 | 4.5643 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4720 | 4.4891 | 4.5166 | 4.5337 | 4.5612 | 4.5783 | 4.6058 |
| Camarilla | 4.5318 | 4.5359 | 4.5400 | 4.5441 | 4.5482 | 4.5523 | 4.5564 |
| Woodie | 4.4772 | 4.4917 | 4.5218 | 4.5363 | 4.5664 | 4.5809 | 4.6110 |
| Fibonacci | 4.4891 | 4.5061 | 4.5167 | 4.5337 | 4.5507 | 4.5613 | 4.5783 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4133 | 4.4640 | 4.4939 | 4.5446 | 4.5745 | 4.6252 | 4.6551 |
| Camarilla | 4.5016 | 4.5090 | 4.5164 | 4.5238 | 4.5312 | 4.5386 | 4.5460 |
| Woodie | 4.4029 | 4.4588 | 4.4835 | 4.5394 | 4.5641 | 4.6200 | 4.6447 |
| Fibonacci | 4.4640 | 4.4948 | 4.5138 | 4.5446 | 4.5754 | 4.5944 | 4.6252 |
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): | 54.71 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 2.3467 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 4.5519 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5567 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 4.5437 | |
| Zig ZAG (10): | 4.5515 | |
| VORTEX (21): | 0.9802 | |
| Stochastique (14,3,5): | 56.27 | |
| TEMA (21): | 4.5520 | |
| Williams %R (14): | -41.60 | |
| Chande Momentum Oscillator (20): | 0.0053 | |
| Repulse (5,40,3): | 0.0550 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0017 | |
| Courbe Coppock: | 0.18 |
| MA7: | 4.5387 | |
| MA20: | 4.5479 | |
| MA50: | 4.5612 | |
| MA100: | 4.5381 | |
| MAexp7: | 4.5517 | |
| MAexp20: | 4.5510 | |
| MAexp50: | 4.5489 | |
| MAexp100: | 4.5438 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | +0.04% | |
| Price / MA50: | -0.26% | |
| Price / MA100: | +0.25% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.13% |
Quotes :
-
Real time data
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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:
-
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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