EUR/PLN - 1H - Technical analysis published on 10/10/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
33%
44%
22%
My opinion
Bearish under 4.8815 PLN
My targets
4.8524 PLN (-0.0052)
4.8347 PLN (-0.0229)
My analysis
The strong short-term decrease of EUR/PLN should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 4.8815 PLN, a sale could be considered. The first bearish objective is located at 4.8524 PLN. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 4.8347 PLN. If there is any crossing, the next objective would be support 4.8090 PLN. Caution, if there is a return to above 4.8815 PLN, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.8
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Additional analysis
Quotes
The EUR/PLN price is 4.8576 PLN. On the day, this instrument lost -0.03% and was traded between 4.8437 PLN and 4.8844 PLN over the period. The price is currently at +0.29% from its lowest and -0.55% from its highest.4.8437
4.8844
4.8576
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
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 (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/PLN in 1H shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish 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.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 4.8090 | 4.8347 | 4.8524 | 4.8576 | 4.8815 | 4.8910 | 4.9802 |
| Change (%) | -1.00% | -0.47% | -0.11% | - | +0.49% | +0.69% | +2.52% |
| Change | -0.0486 | -0.0229 | -0.0052 | - | +0.0239 | +0.0334 | +0.1226 |
| Level | Minor | Intermediate | Minor | - | Minor | Major | Major |
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 | 4.8062 | 4.8293 | 4.8442 | 4.8673 | 4.8822 | 4.9053 | 4.9202 |
| Camarilla | 4.8487 | 4.8521 | 4.8556 | 4.8591 | 4.8626 | 4.8661 | 4.8696 |
| Woodie | 4.8021 | 4.8273 | 4.8401 | 4.8653 | 4.8781 | 4.9033 | 4.9161 |
| Fibonacci | 4.8293 | 4.8438 | 4.8528 | 4.8673 | 4.8818 | 4.8908 | 4.9053 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7016 | 4.7460 | 4.8026 | 4.8470 | 4.9036 | 4.9480 | 5.0046 |
| Camarilla | 4.8313 | 4.8406 | 4.8498 | 4.8591 | 4.8684 | 4.8776 | 4.8869 |
| Woodie | 4.7076 | 4.7491 | 4.8086 | 4.8501 | 4.9096 | 4.9511 | 5.0106 |
| Fibonacci | 4.7460 | 4.7846 | 4.8085 | 4.8470 | 4.8856 | 4.9095 | 4.9480 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5208 | 4.6046 | 4.7304 | 4.8142 | 4.9400 | 5.0238 | 5.1496 |
| Camarilla | 4.7987 | 4.8179 | 4.8371 | 4.8563 | 4.8755 | 4.8947 | 4.9139 |
| Woodie | 4.5419 | 4.6151 | 4.7515 | 4.8247 | 4.9611 | 5.0343 | 5.1707 |
| Fibonacci | 4.6046 | 4.6846 | 4.7341 | 4.8142 | 4.8942 | 4.9437 | 5.0238 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.89 | |
| MACD (12,26,9): | -0.0025 | |
| Directional Movement: | 0.8170 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 4.8570 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.8778 | |
| Elder Ray (13): | -0.0020 | |
| Super Trend (3,10): | 4.8756 | |
| Zig ZAG (10): | 4.8575 | |
| VORTEX (21): | 0.9819 | |
| Stochastique (14,3,5): | 28.83 | |
| TEMA (21): | 4.8544 | |
| Williams %R (14): | -66.09 | |
| Chande Momentum Oscillator (20): | -0.0149 | |
| Repulse (5,40,3): | 0.0451 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0048 | |
| Courbe Coppock: | 0.31 |
| MA7: | 4.8459 | |
| MA20: | 4.7863 | |
| MA50: | 4.7438 | |
| MA100: | 4.7179 | |
| MAexp7: | 4.8564 | |
| MAexp20: | 4.8598 | |
| MAexp50: | 4.8597 | |
| MAexp100: | 4.8516 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | +1.49% | |
| Price / MA50: | +2.40% | |
| Price / MA100: | +2.96% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | +0.12% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on EUR/PLN. At the time of publication of this analysis, the latest news was 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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