EUR/PLN - 1H - Technical analysis published on 11/28/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 4.7015 PLN
My targets
4.6828 PLN (-0.0069)
4.6651 PLN (-0.0246)
My analysis
With a strongly bearish trend, the price of EUR/PLN is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 4.7015 PLN remains possible. It would be possible for traders to only trade short positions (for sale) on EUR/PLN as long as the price remains well below 4.7015 PLN. The next bearish objective for sellers is set at 4.6828 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.6651 PLN. In case of crossing, the next objective would be the support located at 4.6176 PLN.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/PLN rating is 4.6897 PLN. The price registered a decrease of -0.03% on the session and was between 4.6750 PLN and 4.6979 PLN. This implies that the price is at +0.31% from its lowest and at -0.17% from its highest.4.6750
4.6979
4.6897
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/PLN:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
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. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
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 several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.6176 | 4.6651 | 4.6828 | 4.6897 | 4.6933 | 4.7015 | 4.7249 |
| Change (%) | -1.54% | -0.52% | -0.15% | - | +0.08% | +0.25% | +0.75% |
| Change | -0.0721 | -0.0246 | -0.0069 | - | +0.0036 | +0.0118 | +0.0352 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor | 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 | 4.6666 | 4.6757 | 4.6834 | 4.6925 | 4.7002 | 4.7093 | 4.7170 |
| Camarilla | 4.6864 | 4.6879 | 4.6895 | 4.6910 | 4.6925 | 4.6941 | 4.6956 |
| Woodie | 4.6658 | 4.6754 | 4.6826 | 4.6922 | 4.6994 | 4.7090 | 4.7162 |
| Fibonacci | 4.6757 | 4.6822 | 4.6861 | 4.6925 | 4.6990 | 4.7029 | 4.7093 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6451 | 4.6650 | 4.6780 | 4.6979 | 4.7109 | 4.7308 | 4.7438 |
| Camarilla | 4.6820 | 4.6850 | 4.6880 | 4.6910 | 4.6940 | 4.6970 | 4.7001 |
| Woodie | 4.6417 | 4.6633 | 4.6746 | 4.6962 | 4.7075 | 4.7291 | 4.7404 |
| Fibonacci | 4.6650 | 4.6776 | 4.6853 | 4.6979 | 4.7105 | 4.7182 | 4.7308 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4652 | 4.5854 | 4.6510 | 4.7712 | 4.8368 | 4.9570 | 5.0226 |
| Camarilla | 4.6654 | 4.6824 | 4.6995 | 4.7165 | 4.7335 | 4.7506 | 4.7676 |
| Woodie | 4.4378 | 4.5718 | 4.6236 | 4.7576 | 4.8094 | 4.9434 | 4.9952 |
| Fibonacci | 4.5854 | 4.6564 | 4.7003 | 4.7712 | 4.8422 | 4.8861 | 4.9570 |
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): | 50.99 | |
| MACD (12,26,9): | -0.0018 | |
| Directional Movement: | 2.7966 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 4.6870 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.6754 | |
| Elder Ray (13): | 0.0048 | |
| Super Trend (3,10): | 4.6971 | |
| Zig ZAG (10): | 4.6904 | |
| VORTEX (21): | 1.0148 | |
| Stochastique (14,3,5): | 62.69 | |
| TEMA (21): | 4.6867 | |
| Williams %R (14): | -35.81 | |
| Chande Momentum Oscillator (20): | -0.0050 | |
| Repulse (5,40,3): | 0.0090 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0061 | |
| Courbe Coppock: | 0.23 |
| MA7: | 4.6988 | |
| MA20: | 4.6997 | |
| MA50: | 4.7567 | |
| MA100: | 4.7444 | |
| MAexp7: | 4.6880 | |
| MAexp20: | 4.6896 | |
| MAexp50: | 4.6931 | |
| MAexp100: | 4.6966 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | -0.21% | |
| Price / MA50: | -1.41% | |
| Price / MA100: | -1.15% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.15% |
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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