EUR/PLN - 1H - Technical analysis published on 10/31/2022 (GMT)
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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
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 4.7249 PLN
My targets
4.6913 PLN (-0.0260)
4.6651 PLN (-0.0522)
My analysis
The basic trend is very bearish on EUR/PLN but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on EUR/PLN. As long as you stay below the resistance 4.7249 PLN, sellers' retain the upper hand. A break in the support at 4.6913 PLN would be a signal that the basic trend will reverse. Sellers would then use the next support located at 4.6651 PLN as an objective. Crossing it would then enable sellers to target 4.6194 PLN. If the price were to depress the resistance 4.7249 PLN in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.1
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Additional analysis
Quotes
The EUR/PLN price is 4.7173 PLN. On the day, this instrument lost -0.04% and was traded between 4.7057 PLN and 4.7330 PLN over the period. The price is currently at +0.25% from its lowest and -0.33% from its highest.4.7057
4.7330
4.7173
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 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
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/PLN in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the global trend is slowing down. 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 on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.
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 currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.6194 | 4.6651 | 4.7143 | 4.7173 | 4.7249 | 4.7382 | 4.7635 |
| Change (%) | -2.08% | -1.11% | -0.06% | - | +0.16% | +0.44% | +0.98% |
| Change | -0.0979 | -0.0522 | -0.0030 | - | +0.0076 | +0.0209 | +0.0462 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | 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 | 4.6857 | 4.7000 | 4.7096 | 4.7239 | 4.7335 | 4.7478 | 4.7574 |
| Camarilla | 4.7126 | 4.7148 | 4.7170 | 4.7192 | 4.7214 | 4.7236 | 4.7258 |
| Woodie | 4.6834 | 4.6988 | 4.7073 | 4.7227 | 4.7312 | 4.7466 | 4.7551 |
| Fibonacci | 4.7000 | 4.7091 | 4.7148 | 4.7239 | 4.7330 | 4.7387 | 4.7478 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6124 | 4.6633 | 4.6913 | 4.7422 | 4.7702 | 4.8211 | 4.8491 |
| Camarilla | 4.6975 | 4.7047 | 4.7120 | 4.7192 | 4.7264 | 4.7337 | 4.7409 |
| Woodie | 4.6009 | 4.6576 | 4.6798 | 4.7365 | 4.7587 | 4.8154 | 4.8376 |
| Fibonacci | 4.6633 | 4.6935 | 4.7121 | 4.7422 | 4.7724 | 4.7910 | 4.8211 |
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): | 48.71 | |
| MACD (12,26,9): | -0.0027 | |
| Directional Movement: | 0.6938 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 4.7137 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.7272 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 4.7283 | |
| Zig ZAG (10): | 4.7177 | |
| VORTEX (21): | 0.9434 | |
| Stochastique (14,3,5): | 27.72 | |
| TEMA (21): | 4.7139 | |
| Williams %R (14): | -56.41 | |
| Chande Momentum Oscillator (20): | -0.0039 | |
| Repulse (5,40,3): | 0.1788 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0071 | |
| Courbe Coppock: | 0.27 |
| MA7: | 4.7475 | |
| MA20: | 4.7970 | |
| MA50: | 4.7668 | |
| MA100: | 4.7458 | |
| MAexp7: | 4.7144 | |
| MAexp20: | 4.7172 | |
| MAexp50: | 4.7239 | |
| MAexp100: | 4.7366 | |
| Price / MA7: | -0.64% | |
| Price / MA20: | -1.66% | |
| Price / MA50: | -1.04% | |
| Price / MA100: | -0.60% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.41% |
Quotes :
-
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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