EUR/PLN - 1H - Technical analysis published on 04/02/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 4.5965 PLN
My targets
4.6194 PLN (+0.0161)
4.6352 PLN (+0.0319)
My analysis
The bullish trend is currently very strong on EUR/PLN. As long as the price remains above the support at 4.5965 PLN, you could try to benefit from the boom. The first bullish objective is located at 4.6194 PLN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.6352 PLN as an objective. Crossing it would then enable buyers to target 4.9081 PLN. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.2
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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 4.6033 PLN. On the day, this instrument gained +0.09% and was traded between 4.5985 PLN and 4.6045 PLN over the period. The price is currently at +0.10% from its lowest and -0.03% from its highest.4.5985
4.6045
4.6033
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this 1H chart of EUR/PLN indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 4.5309 | 4.5654 | 4.5965 | 4.6033 | 4.6194 | 4.6352 | 4.9081 |
Change (%) | -1.57% | -0.82% | -0.15% | - | +0.35% | +0.69% | +6.62% |
Change | -0.0724 | -0.0379 | -0.0068 | - | +0.0161 | +0.0319 | +0.3048 |
Level | Minor | Intermediate | Major | - | Minor | Major | Intermediate |
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 | 4.5246 | 4.5413 | 4.5702 | 4.5869 | 4.6158 | 4.6325 | 4.6614 |
Camarilla | 4.5866 | 4.5907 | 4.5949 | 4.5991 | 4.6033 | 4.6075 | 4.6116 |
Woodie | 4.5307 | 4.5444 | 4.5763 | 4.5900 | 4.6219 | 4.6356 | 4.6675 |
Fibonacci | 4.5413 | 4.5587 | 4.5695 | 4.5869 | 4.6043 | 4.6151 | 4.6325 |
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 | 4.0062 | 4.1466 | 4.3545 | 4.4949 | 4.7028 | 4.8432 | 5.0511 |
Camarilla | 4.4666 | 4.4986 | 4.5305 | 4.5624 | 4.5943 | 4.6263 | 4.6582 |
Woodie | 4.0400 | 4.1635 | 4.3883 | 4.5118 | 4.7366 | 4.8601 | 5.0849 |
Fibonacci | 4.1466 | 4.2797 | 4.3619 | 4.4949 | 4.6280 | 4.7102 | 4.8432 |
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): | 69.39 | |
MACD (12,26,9): | 0.0093 | |
Directional Movement: | 18.2135 | |
AROON (14): | 85.7143 | |
DEMA (21): | 4.6062 | |
Parabolic SAR (0,02-0,02-0,2): | 4.6010 | |
Elder Ray (13): | 0.0049 | |
Super Trend (3,10): | 4.5896 | |
Zig ZAG (10): | 4.6032 | |
VORTEX (21): | 1.3046 | |
Stochastique (14,3,5): | 94.70 | |
TEMA (21): | 4.6073 | |
Williams %R (14): | -7.09 | |
Chande Momentum Oscillator (20): | 0.0091 | |
Repulse (5,40,3): | 0.0305 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0321 | |
Courbe Coppock: | 0.82 |
MA7: | 4.5611 | |
MA20: | 4.4839 | |
MA50: | 4.3631 | |
MA100: | 4.3144 | |
MAexp7: | 4.6009 | |
MAexp20: | 4.5936 | |
MAexp50: | 4.5780 | |
MAexp100: | 4.5679 | |
Price / MA7: | +0.93% | |
Price / MA20: | +2.66% | |
Price / MA50: | +5.51% | |
Price / MA100: | +6.70% | |
Price / MAexp7: | +0.05% | |
Price / MAexp20: | +0.21% | |
Price / MAexp50: | +0.55% | |
Price / MAexp100: | +0.77% |
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
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…
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