EUR/PLN - 1H - Technical analysis published on 11/16/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 4.6943 PLN
My targets
4.7249 PLN (+0.0076)
4.7491 PLN (+0.0318)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 4.6943 PLN remains possible. It is advisable to trade EUR/PLN with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 4.6943 PLN. The next bullish objective for buyers is set at 4.7249 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.7491 PLN. If there is any crossing, the next objective would be the resistance located at 4.7744 PLN. PS: if there is a bearish break in the support located at 4.6943 PLN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3
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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 rating is 4.7173 PLN. On the day, this instrument lost -0.53% with the lowest point at 4.7148 PLN and the highest point at 4.7847 PLN. The deviation from the price is +0.05% for the low point and -1.41% for the high point.4.7148
4.7847
4.7173
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/PLN in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.6651 | 4.6764 | 4.6943 | 4.7173 | 4.7185 | 4.7249 | 4.7491 |
| Change (%) | -1.11% | -0.87% | -0.49% | - | +0.03% | +0.16% | +0.67% |
| Change | -0.0522 | -0.0409 | -0.0230 | - | +0.0012 | +0.0076 | +0.0318 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6345 | 4.6588 | 4.7006 | 4.7249 | 4.7667 | 4.7910 | 4.8328 |
| Camarilla | 4.7243 | 4.7304 | 4.7364 | 4.7425 | 4.7486 | 4.7546 | 4.7607 |
| Woodie | 4.6434 | 4.6632 | 4.7095 | 4.7293 | 4.7756 | 4.7954 | 4.8417 |
| Fibonacci | 4.6588 | 4.6840 | 4.6996 | 4.7249 | 4.7501 | 4.7657 | 4.7910 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6053 | 4.6376 | 4.6615 | 4.6938 | 4.7177 | 4.7500 | 4.7739 |
| Camarilla | 4.6699 | 4.6750 | 4.6802 | 4.6853 | 4.6905 | 4.6956 | 4.7008 |
| Woodie | 4.6010 | 4.6355 | 4.6572 | 4.6917 | 4.7134 | 4.7479 | 4.7696 |
| Fibonacci | 4.6376 | 4.6591 | 4.6724 | 4.6938 | 4.7153 | 4.7286 | 4.7500 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4652 | 4.5854 | 4.6510 | 4.7712 | 4.8368 | 4.9570 | 5.0226 |
| Camarilla | 4.6654 | 4.6824 | 4.6995 | 4.7165 | 4.7335 | 4.7506 | 4.7676 |
| Woodie | 4.4378 | 4.5718 | 4.6236 | 4.7576 | 4.8094 | 4.9434 | 4.9952 |
| Fibonacci | 4.5854 | 4.6564 | 4.7003 | 4.7712 | 4.8422 | 4.8861 | 4.9570 |
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): | 49.90 | |
| MACD (12,26,9): | 0.0087 | |
| Directional Movement: | 1.9768 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 4.7416 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.7124 | |
| Elder Ray (13): | -0.0087 | |
| Super Trend (3,10): | 4.7031 | |
| Zig ZAG (10): | 4.7241 | |
| VORTEX (21): | 1.0624 | |
| Stochastique (14,3,5): | 43.32 | |
| TEMA (21): | 4.7438 | |
| Williams %R (14): | -60.22 | |
| Chande Momentum Oscillator (20): | 0.0043 | |
| Repulse (5,40,3): | -0.3589 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0314 | |
| Courbe Coppock: | 1.62 |
| MA7: | 4.7080 | |
| MA20: | 4.7215 | |
| MA50: | 4.7589 | |
| MA100: | 4.7484 | |
| MAexp7: | 4.7354 | |
| MAexp20: | 4.7297 | |
| MAexp50: | 4.7160 | |
| MAexp100: | 4.7069 | |
| Price / MA7: | +0.20% | |
| Price / MA20: | -0.09% | |
| Price / MA50: | -0.87% | |
| Price / MA100: | -0.65% | |
| Price / MAexp7: | -0.38% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.22% |
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:
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Where Is EUR/PLN Heading?
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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.
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