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EUR/PLN
EUR PLN
- PLN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURPLN
ISIN:

EUR/PLN - 1H - Technical analysis published on 03/26/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 4.5442 PLN
My targets
4.4979 PLN (-0.0361)
4.4666 PLN (-0.0674)
My analysis
In the short term, we can see an acceleration in the bearish trend on EUR/PLN, which is a positive signal for sellers. As long as the price remains above 4.5442 PLN, a sale could be considered. The first bearish objective is located at 4.4979 PLN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.4666 PLN as an objective. Crossing it would then enable sellers to target 4.4314 PLN. If the price were to return above 4.5442 PLN, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
5

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Maciej Mazur
This analysis was given by Maciej Mazur. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

EUR/PLN rating 4.5340 PLN. On the day, this instrument lost -0.63% with the lowest point at 4.5325 PLN and the highest point at 4.5979 PLN. The deviation from the price is +0.03% for the low point and -1.39% for the high point.

4.5325
4.5979
4.5340

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days

Technical


Technical analysis of EUR/PLN in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.3919 4.4314 4.4979 4.5340 4.5442 4.5778 4.6352
Change (%) -3.13% -2.26% -0.80% - +0.22% +0.97% +2.23%
Change -0.1421 -0.1026 -0.0361 - +0.0102 +0.0438 +0.1012
Level Major Minor Intermediate - Intermediate Intermediate Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.47184.50784.53524.57124.59864.63464.6620
Camarilla4.54514.55094.55674.56254.56834.57414.5799
Woodie4.46744.50574.53084.56914.59424.63254.6576
Fibonacci4.50784.53214.54704.57124.59554.61044.6346


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.15004.25964.39864.50824.64724.75684.8958
Camarilla4.46914.49194.51474.53754.56034.58314.6059
Woodie4.16464.26704.41324.51564.66184.76424.9104
Fibonacci4.25964.35464.41334.50824.60324.66194.7568


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.16364.20004.26464.30104.36564.40204.4666
Camarilla4.30154.31084.32004.32934.33864.34784.3571
Woodie4.17784.20714.27884.30814.37984.40914.4808
Fibonacci4.20004.23864.26244.30104.33964.36344.4020

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): 37.50
MACD (12,26,9): -0.0032
Directional Movement: -12.4444
AROON (14): -35.7143
DEMA (21): 4.5701
Parabolic SAR (0,02-0,02-0,2): 4.5971
Elder Ray (13): -0.0175
Super Trend (3,10): 4.5476
Zig ZAG (10): 4.5484
VORTEX (21): 0.9304
Stochastique (14,3,5): 17.93
TEMA (21): 4.5691
Williams %R (14): -98.73
Chande Momentum Oscillator (20): -0.0364
Repulse (5,40,3): -0.8848
ROCnROLL: 2
TRIX (15,9): -0.0077
Courbe Coppock: 0.13
MA7: 4.5592
MA20: 4.4213
MA50: 4.3309
MA100: 4.3003
MAexp7: 4.5584
MAexp20: 4.5747
MAexp50: 4.5791
MAexp100: 4.5705
Price / MA7: -0.55%
Price / MA20: +2.55%
Price / MA50: +4.69%
Price / MA100: +5.43%
Price / MAexp7: -0.54%
Price / MAexp20: -0.89%
Price / MAexp50: -0.98%
Price / MAexp100: -0.80%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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