EUR/PLN - 1H - Technical analysis published on 08/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
56%
28%
17%
My opinion
Bearish under 4.4311 PLN
My targets
4.4149 PLN (-0.0106)
4.4053 PLN (-0.0202)
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 4.4311 PLN. The sellers' bearish objective is set at 4.4149 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.4053 PLN. In case of crossing, the next objective would be the support located at 4.3984 PLN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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Additional analysis
Quotes
The EUR/PLN price is 4.4255 PLN. On the day, this instrument gained +0.00% with the lowest point at 4.4251 PLN and the highest point at 4.4260 PLN. The deviation from the price is +0.01% for the low point and -0.01% for the high point.4.4251
4.4260
4.4255
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/PLN chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 10 are bullish, 3 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 4.4053 | 4.4149 | 4.4238 | 4.4255 | 4.4311 | 4.4467 | 4.4617 |
| Change (%) | -0.46% | -0.24% | -0.04% | - | +0.13% | +0.48% | +0.82% |
| Change | -0.0202 | -0.0106 | -0.0017 | - | +0.0056 | +0.0212 | +0.0362 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | 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 | 4.3778 | 4.3948 | 4.4100 | 4.4270 | 4.4422 | 4.4592 | 4.4744 |
| Camarilla | 4.4165 | 4.4194 | 4.4224 | 4.4253 | 4.4283 | 4.4312 | 4.4342 |
| Woodie | 4.3770 | 4.3944 | 4.4092 | 4.4266 | 4.4414 | 4.4588 | 4.4736 |
| Fibonacci | 4.3948 | 4.4071 | 4.4147 | 4.4270 | 4.4393 | 4.4469 | 4.4592 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3222 | 4.3603 | 4.3968 | 4.4349 | 4.4714 | 4.5095 | 4.5460 |
| Camarilla | 4.4128 | 4.4196 | 4.4265 | 4.4333 | 4.4401 | 4.4470 | 4.4538 |
| Woodie | 4.3214 | 4.3599 | 4.3960 | 4.4345 | 4.4706 | 4.5091 | 4.5452 |
| Fibonacci | 4.3603 | 4.3888 | 4.4064 | 4.4349 | 4.4634 | 4.4810 | 4.5095 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2617 | 4.3301 | 4.3675 | 4.4359 | 4.4733 | 4.5417 | 4.5791 |
| Camarilla | 4.3759 | 4.3856 | 4.3953 | 4.4050 | 4.4147 | 4.4244 | 4.4341 |
| Woodie | 4.2463 | 4.3224 | 4.3521 | 4.4282 | 4.4579 | 4.5340 | 4.5637 |
| Fibonacci | 4.3301 | 4.3705 | 4.3955 | 4.4359 | 4.4763 | 4.5013 | 4.5417 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.93 | |
| MACD (12,26,9): | -0.0032 | |
| Directional Movement: | -10.0619 | |
| AROON (14): | 21.4285 | |
| DEMA (21): | 4.4229 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4147 | |
| Elder Ray (13): | -0.0021 | |
| Super Trend (3,10): | 4.4379 | |
| Zig ZAG (10): | 4.4255 | |
| VORTEX (21): | 0.9172 | |
| Stochastique (14,3,5): | 61.11 | |
| TEMA (21): | 4.4237 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | 0.0108 | |
| Repulse (5,40,3): | 0.0474 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0124 | |
| Courbe Coppock: | 0.07 |
| MA7: | 4.4327 | |
| MA20: | 4.4398 | |
| MA50: | 4.4533 | |
| MA100: | 4.5282 | |
| MAexp7: | 4.4252 | |
| MAexp20: | 4.4276 | |
| MAexp50: | 4.4340 | |
| MAexp100: | 4.4367 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | -0.32% | |
| Price / MA50: | -0.62% | |
| Price / MA100: | -2.27% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.25% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on EUR/PLN at the time of the analysis were as follows:
-
Where Is EUR/PLN Heading?
-
Volatility Expected For EUR/PLN
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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
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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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