EUR/PLN - 1H - Technical analysis published on 03/26/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 4.5442 PLN
My targets
4.4979 PLN (-0.0342)
4.4666 PLN (-0.0655)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/PLN as long as the price remains well below 4.5442 PLN. The sellers” bearish objective is set at 4.4979 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.4666 PLN. In case of crossing, the next objective would be the support located at 4.4314 PLN.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
6.1
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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 price is 4.5321 PLN. The price registered a decrease of -0.67% on the session and was between 4.5285 PLN and 4.5979 PLN. This implies that the price is at +0.08% from its lowest and at -1.43% from its highest.4.5285
4.5979
4.5321
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
Abnormal volumes on EUR/PLN were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of EUR/PLN indicates that the overall trend is bearish. 75% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.3919 | 4.4314 | 4.4979 | 4.5321 | 4.5442 | 4.5778 | 4.6352 |
| Change (%) | -3.09% | -2.22% | -0.75% | - | +0.27% | +1.01% | +2.27% |
| Change | -0.1402 | -0.1007 | -0.0342 | - | +0.0121 | +0.0457 | +0.1031 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.18 | |
| MACD (12,26,9): | -0.0090 | |
| Directional Movement: | -21.9435 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 4.5545 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5897 | |
| Elder Ray (13): | -0.0212 | |
| Super Trend (3,10): | 4.5852 | |
| Zig ZAG (10): | 4.5311 | |
| VORTEX (21): | 0.8760 | |
| Stochastique (14,3,5): | 19.13 | |
| TEMA (21): | 4.5503 | |
| Williams %R (14): | -93.66 | |
| Chande Momentum Oscillator (20): | -0.0385 | |
| Repulse (5,40,3): | -0.4968 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0139 | |
| Courbe Coppock: | 0.62 |
| MA7: | 4.5600 | |
| MA20: | 4.4202 | |
| MA50: | 4.3304 | |
| MA100: | 4.3001 | |
| MAexp7: | 4.5542 | |
| MAexp20: | 4.5654 | |
| MAexp50: | 4.5745 | |
| MAexp100: | 4.5687 | |
| Price / MA7: | -0.61% | |
| Price / MA20: | +2.53% | |
| Price / MA50: | +4.66% | |
| Price / MA100: | +5.40% | |
| Price / MAexp7: | -0.49% | |
| Price / MAexp20: | -0.73% | |
| Price / MAexp50: | -0.93% | |
| 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:
-
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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