EUR/PLN - 1H - Technical analysis published on 03/31/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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:
Bearish
De fond:
Slightly bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 4.5659 PLN
My targets
4.5294 PLN (-0.0126)
4.4979 PLN (-0.0441)
My analysis
The basic trend is currently slightly bearish on EUR/PLN and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 4.5659 PLN, sales could be favoured. The first bearish objective would be located at 4.5294 PLN. Sellers would then use the next support located at 4.4979 PLN as an objective. Crossing it would then enable sellers to target 4.4857 PLN. A return to above the resistance at 4.5659 PLN could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.
In the very short term, technical indicators are in opposition with the general bearish 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
0.7
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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 4.5420 PLN. On the day, this instrument lost -0.02% with the lowest point at 4.5372 PLN and the highest point at 4.5764 PLN. The deviation from the price is +0.11% for the low point and -0.75% for the high point.4.5372
4.5764
4.5420
Here is a more detailed summary of the historical variations registered by EUR/PLN:
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
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
A technical analysis in 1H of this EUR/PLN chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.4857 | 4.4979 | 4.5294 | 4.5420 | 4.5450 | 4.5659 | 4.5978 |
| Change (%) | -1.24% | -0.97% | -0.28% | - | +0.07% | +0.53% | +1.23% |
| Change | -0.0563 | -0.0441 | -0.0126 | - | +0.0030 | +0.0239 | +0.0558 |
| Level | Minor | Intermediate | Minor | - | 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 | 4.4896 | 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): | 53.33 | |
| MACD (12,26,9): | 0.0036 | |
| Directional Movement: | 18.8256 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 4.5554 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5478 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 4.5369 | |
| Zig ZAG (10): | 4.5511 | |
| VORTEX (21): | 1.0206 | |
| Stochastique (14,3,5): | 50.00 | |
| TEMA (21): | 4.5564 | |
| Williams %R (14): | -68.62 | |
| Chande Momentum Oscillator (20): | 0.0037 | |
| Repulse (5,40,3): | -0.1968 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0105 | |
| Courbe Coppock: | 0.43 |
| MA7: | 4.5615 | |
| MA20: | 4.4534 | |
| MA50: | 4.3485 | |
| MA100: | 4.3080 | |
| MAexp7: | 4.5539 | |
| MAexp20: | 4.5507 | |
| MAexp50: | 4.5476 | |
| MAexp100: | 4.5501 | |
| Price / MA7: | -0.43% | |
| Price / MA20: | +1.99% | |
| Price / MA50: | +4.45% | |
| Price / MA100: | +5.43% | |
| Price / MAexp7: | -0.26% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.18% |
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.
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