EUR/PLN - 1H - Technical analysis published on 03/26/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 4.5442 PLN
My targets
4.6352 PLN (+0.0533)
4.6472 PLN (+0.0653)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. 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 4.5442 PLN. The buyers” bullish objective is set at 4.6352 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.6472 PLN. If there is any crossing, the next objective would be the resistance located at 4.9081 PLN. If there is a bearish break in the support located at 4.5442 PLN some indecision would arise.
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
3.4
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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 4.5819 PLN. The price registered an increase of +0.43% on the session with the lowest point at 4.5616 PLN and the highest point at 4.5826 PLN. The deviation from the price is +0.45% for the low point and -0.02% for the high point.4.5616
4.5826
4.5819
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of EUR/PLN in 1H shows an overall slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 4.4979 | 4.5442 | 4.5778 | 4.5819 | 4.6352 | 4.9081 |
| Change (%) | -1.83% | -0.82% | -0.09% | - | +1.16% | +7.12% |
| Change | -0.0840 | -0.0377 | -0.0041 | - | +0.0533 | +0.3262 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor |
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 | 4.4718 | 4.5078 | 4.5352 | 4.5712 | 4.5986 | 4.6346 | 4.6620 |
| Camarilla | 4.5451 | 4.5509 | 4.5567 | 4.5625 | 4.5683 | 4.5741 | 4.5799 |
| Woodie | 4.4674 | 4.5057 | 4.5308 | 4.5691 | 4.5942 | 4.6325 | 4.6576 |
| Fibonacci | 4.5078 | 4.5321 | 4.5470 | 4.5712 | 4.5955 | 4.6104 | 4.6346 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.1500 | 4.2596 | 4.3986 | 4.5082 | 4.6472 | 4.7568 | 4.8958 |
| Camarilla | 4.4691 | 4.4919 | 4.5147 | 4.5375 | 4.5603 | 4.5831 | 4.6059 |
| Woodie | 4.1646 | 4.2670 | 4.4132 | 4.5156 | 4.6618 | 4.7642 | 4.9104 |
| Fibonacci | 4.2596 | 4.3546 | 4.4133 | 4.5082 | 4.6032 | 4.6619 | 4.7568 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.1636 | 4.2000 | 4.2646 | 4.3010 | 4.3656 | 4.4020 | 4.4666 |
| Camarilla | 4.3015 | 4.3108 | 4.3200 | 4.3293 | 4.3386 | 4.3478 | 4.3571 |
| Woodie | 4.1778 | 4.2071 | 4.2788 | 4.3081 | 4.3798 | 4.4091 | 4.4808 |
| Fibonacci | 4.2000 | 4.2386 | 4.2624 | 4.3010 | 4.3396 | 4.3634 | 4.4020 |
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): | 47.29 | |
| MACD (12,26,9): | -0.0039 | |
| Directional Movement: | -4.2731 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 4.5678 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5507 | |
| Elder Ray (13): | 0.0025 | |
| Super Trend (3,10): | 4.5938 | |
| Zig ZAG (10): | 4.5716 | |
| VORTEX (21): | 0.9896 | |
| Stochastique (14,3,5): | 81.67 | |
| TEMA (21): | 4.5680 | |
| Williams %R (14): | -19.77 | |
| Chande Momentum Oscillator (20): | 0.0048 | |
| Repulse (5,40,3): | -0.0502 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0196 | |
| Courbe Coppock: | 0.03 |
| MA7: | 4.5650 | |
| MA20: | 4.4222 | |
| MA50: | 4.3312 | |
| MA100: | 4.3004 | |
| MAexp7: | 4.5730 | |
| MAexp20: | 4.5741 | |
| MAexp50: | 4.5798 | |
| MAexp100: | 4.5694 | |
| Price / MA7: | +0.37% | |
| Price / MA20: | +3.61% | |
| Price / MA50: | +5.79% | |
| Price / MA100: | +6.55% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.27% |
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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