EUR/PLN - 1H - Technical analysis published on 03/31/2020 (GMT)
- Who voted?
- 107
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 4.5450 PLN
My targets
4.5659 PLN (+0.0136)
4.5978 PLN (+0.0455)
My analysis
EUR/PLN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4.5450 PLN. The next resistance located at 4.5659 PLN is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4.5978 PLN. After this resistance, buyers could then target 4.6100 PLN.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
5.7
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.
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 4.5523 PLN. The price registered a decrease of +0.20% on the session and was between 4.5372 PLN and 4.5621 PLN. This implies that the price is at +0.33% from its lowest and at -0.21% from its highest.4.5372
4.5621
4.5523
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a 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:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of EUR/PLN in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.4979 | 4.5294 | 4.5450 | 4.5523 | 4.5659 | 4.5978 | 4.6100 |
| Change (%) | -1.20% | -0.50% | -0.16% | - | +0.30% | +1.00% | +1.27% |
| Change | -0.0544 | -0.0229 | -0.0073 | - | +0.0136 | +0.0455 | +0.0577 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4896 | 4.5095 | 4.5263 | 4.5462 | 4.5630 | 4.5829 | 4.5997 |
| Camarilla | 4.5330 | 4.5364 | 4.5397 | 4.5431 | 4.5465 | 4.5498 | 4.5532 |
| Woodie | 4.4881 | 4.5087 | 4.5248 | 4.5454 | 4.5615 | 4.5821 | 4.5982 |
| Fibonacci | 4.5095 | 4.5235 | 4.5322 | 4.5462 | 4.5602 | 4.5689 | 4.5829 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3215 | 4.4038 | 4.4708 | 4.5531 | 4.6201 | 4.7024 | 4.7694 |
| Camarilla | 4.4968 | 4.5105 | 4.5242 | 4.5379 | 4.5516 | 4.5653 | 4.5790 |
| Woodie | 4.3140 | 4.4000 | 4.4633 | 4.5493 | 4.6126 | 4.6986 | 4.7619 |
| Fibonacci | 4.4038 | 4.4608 | 4.4960 | 4.5531 | 4.6101 | 4.6453 | 4.7024 |
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): | 55.12 | |
| MACD (12,26,9): | 0.0033 | |
| Directional Movement: | 9.5071 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 4.5522 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5401 | |
| Elder Ray (13): | 0.0026 | |
| Super Trend (3,10): | 4.5349 | |
| Zig ZAG (10): | 4.5520 | |
| VORTEX (21): | 1.0987 | |
| Stochastique (14,3,5): | 67.33 | |
| TEMA (21): | 4.5544 | |
| Williams %R (14): | -40.96 | |
| Chande Momentum Oscillator (20): | 0.0108 | |
| Repulse (5,40,3): | -0.0627 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0086 | |
| Courbe Coppock: | 0.17 |
| MA7: | 4.5618 | |
| MA20: | 4.4534 | |
| MA50: | 4.3485 | |
| MA100: | 4.3080 | |
| MAexp7: | 4.5541 | |
| MAexp20: | 4.5481 | |
| MAexp50: | 4.5462 | |
| MAexp100: | 4.5495 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | +2.22% | |
| Price / MA50: | +4.69% | |
| Price / MA100: | +5.67% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.06% |
News
The last news published on EUR/PLN at the time of the generation of this analysis 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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/PLN - 1H