EUR/PLN - 1H - Technical analysis published on 01/28/2020 (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
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 4.2632 PLN
My targets
4.2764 PLN (+0.0046)
4.2911 PLN (+0.0193)
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 4.2632 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 4.2632 PLN. The next bullish objective for buyers is set at 4.2764 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.2911 PLN. If there is any crossing, the next objective would be the resistance located at 4.3244 PLN. PS: if there is a bearish break in the support located at 4.2632 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, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
1.8
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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
The EUR/PLN rating is 4.2718 PLN. The price has increased by -0.14% since the last closing and was between 4.2660 PLN and 4.2831 PLN. This implies that the price is at +0.14% from its lowest and at -0.26% from its highest.4.2660
4.2831
4.2718
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
Here is a more detailed summary of the historical variations registered by EUR/PLN:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/PLN chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 4.2376 | 4.2486 | 4.2632 | 4.2718 | 4.2764 | 4.2911 | 4.3244 |
| Change (%) | -0.80% | -0.54% | -0.20% | - | +0.11% | +0.45% | +1.23% |
| Change | -0.0342 | -0.0232 | -0.0086 | - | +0.0046 | +0.0193 | +0.0526 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2351 | 4.2443 | 4.2611 | 4.2703 | 4.2871 | 4.2963 | 4.3131 |
| Camarilla | 4.2708 | 4.2731 | 4.2755 | 4.2779 | 4.2803 | 4.2827 | 4.2851 |
| Woodie | 4.2389 | 4.2462 | 4.2649 | 4.2722 | 4.2909 | 4.2982 | 4.3169 |
| Fibonacci | 4.2443 | 4.2542 | 4.2604 | 4.2703 | 4.2802 | 4.2864 | 4.2963 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2021 | 4.2146 | 4.2361 | 4.2486 | 4.2701 | 4.2826 | 4.3041 |
| Camarilla | 4.2482 | 4.2513 | 4.2544 | 4.2575 | 4.2606 | 4.2637 | 4.2669 |
| Woodie | 4.2065 | 4.2169 | 4.2405 | 4.2509 | 4.2745 | 4.2849 | 4.3085 |
| Fibonacci | 4.2146 | 4.2276 | 4.2357 | 4.2486 | 4.2616 | 4.2697 | 4.2826 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.1655 | 4.2081 | 4.2311 | 4.2737 | 4.2967 | 4.3393 | 4.3623 |
| Camarilla | 4.2360 | 4.2420 | 4.2480 | 4.2540 | 4.2600 | 4.2660 | 4.2720 |
| Woodie | 4.1556 | 4.2032 | 4.2212 | 4.2688 | 4.2868 | 4.3344 | 4.3524 |
| Fibonacci | 4.2081 | 4.2332 | 4.2487 | 4.2737 | 4.2988 | 4.3143 | 4.3393 |
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): | 45.55 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -15.8039 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 4.2749 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.2806 | |
| Elder Ray (13): | -0.0014 | |
| Super Trend (3,10): | 4.2798 | |
| Zig ZAG (10): | 4.2718 | |
| VORTEX (21): | 0.9059 | |
| Stochastique (14,3,5): | 32.55 | |
| TEMA (21): | 4.2717 | |
| Williams %R (14): | -66.08 | |
| Chande Momentum Oscillator (20): | -0.0057 | |
| Repulse (5,40,3): | -0.0124 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0047 | |
| Courbe Coppock: | 0.25 |
| MA7: | 4.2526 | |
| MA20: | 4.2429 | |
| MA50: | 4.2648 | |
| MA100: | 4.2867 | |
| MAexp7: | 4.2725 | |
| MAexp20: | 4.2739 | |
| MAexp50: | 4.2692 | |
| MAexp100: | 4.2610 | |
| Price / MA7: | +0.45% | |
| Price / MA20: | +0.68% | |
| Price / MA50: | +0.16% | |
| Price / MA100: | -0.35% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +0.25% |
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
-
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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