EUR/PLN - 1H - Technical analysis published on 01/09/2023 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 4.6872 PLN
My targets
4.7083 PLN (+0.0157)
4.7392 PLN (+0.0466)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/PLN as long as the price remains well above 4.6872 PLN. The buyers' bullish objective is set at 4.7083 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.7392 PLN. If there is any crossing, the next objective would be the resistance located at 4.7744 PLN. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
5.7
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Additional analysis
Quotes
EUR/PLN rating 4.6926 PLN. On the day, this instrument lost -0.02% and was between 4.6818 PLN and 4.7020 PLN. This implies that the price is at +0.23% from its lowest and at -0.20% from its highest.4.6818
4.7020
4.6926
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
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 strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. 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, only 7 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.6653 | 4.6731 | 4.6872 | 4.6926 | 4.6947 | 4.7083 | 4.7744 |
| Change (%) | -0.58% | -0.42% | -0.12% | - | +0.04% | +0.33% | +1.74% |
| Change | -0.0273 | -0.0195 | -0.0054 | - | +0.0021 | +0.0157 | +0.0818 |
| Level | Minor | Minor | Intermediate | - | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6516 | 4.6665 | 4.6799 | 4.6948 | 4.7082 | 4.7231 | 4.7365 |
| Camarilla | 4.6855 | 4.6881 | 4.6907 | 4.6933 | 4.6959 | 4.6985 | 4.7011 |
| Woodie | 4.6509 | 4.6661 | 4.6792 | 4.6944 | 4.7075 | 4.7227 | 4.7358 |
| Fibonacci | 4.6665 | 4.6773 | 4.6840 | 4.6948 | 4.7056 | 4.7123 | 4.7231 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6114 | 4.6344 | 4.6638 | 4.6868 | 4.7162 | 4.7392 | 4.7686 |
| Camarilla | 4.6789 | 4.6837 | 4.6885 | 4.6933 | 4.6981 | 4.7029 | 4.7077 |
| Woodie | 4.6147 | 4.6360 | 4.6671 | 4.6884 | 4.7195 | 4.7408 | 4.7719 |
| Fibonacci | 4.6344 | 4.6544 | 4.6668 | 4.6868 | 4.7068 | 4.7192 | 4.7392 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5433 | 4.5865 | 4.6356 | 4.6788 | 4.7279 | 4.7711 | 4.8202 |
| Camarilla | 4.6593 | 4.6678 | 4.6762 | 4.6847 | 4.6932 | 4.7016 | 4.7101 |
| Woodie | 4.5463 | 4.5880 | 4.6386 | 4.6803 | 4.7309 | 4.7726 | 4.8232 |
| Fibonacci | 4.5865 | 4.6218 | 4.6435 | 4.6788 | 4.7141 | 4.7358 | 4.7711 |
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): | 51.86 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | -6.3405 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 4.6952 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.6848 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 4.6773 | |
| Zig ZAG (10): | 4.6938 | |
| VORTEX (21): | 1.0007 | |
| Stochastique (14,3,5): | 63.04 | |
| TEMA (21): | 4.6947 | |
| Williams %R (14): | -46.53 | |
| Chande Momentum Oscillator (20): | 0.0023 | |
| Repulse (5,40,3): | -0.0438 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0033 | |
| Courbe Coppock: | 0.29 |
| MA7: | 4.6804 | |
| MA20: | 4.6757 | |
| MA50: | 4.6875 | |
| MA100: | 4.7272 | |
| MAexp7: | 4.6942 | |
| MAexp20: | 4.6934 | |
| MAexp50: | 4.6901 | |
| MAexp100: | 4.6857 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | +0.36% | |
| Price / MA50: | +0.11% | |
| Price / MA100: | -0.73% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.15% |
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:
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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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