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

EUR/PLN - 1H - Technical analysis published on 04/02/2020 (GMT)

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  • Timeframe : 1H
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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

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:
15 min. Daily Weekly

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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:

Central 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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard4.52464.54134.57024.58694.61584.63254.6614
Camarilla4.58664.59074.59494.59914.60334.60754.6116
Woodie4.53074.54444.57634.59004.62194.63564.6675
Fibonacci4.54134.55874.56954.58694.60434.61514.6325


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.32154.40384.47084.55314.62014.70244.7694
Camarilla4.49684.51054.52424.53794.55164.56534.5790
Woodie4.31404.40004.46334.54934.61264.69864.7619
Fibonacci4.40384.46084.49604.55314.61014.64534.7024


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.00624.14664.35454.49494.70284.84325.0511
Camarilla4.46664.49864.53054.56244.59434.62634.6582
Woodie4.04004.16354.38834.51184.73664.86015.0849
Fibonacci4.14664.27974.36194.49494.62804.71024.8432

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:

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

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