EUR/PLN - 15 min. - Technical analysis published on 04/04/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 4.6763 PLN
My targets
4.6664 PLN (-0.0041)
4.6578 PLN (-0.0127)
My analysis
All elements being rather 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 4.6763 PLN. The next bearish objective for sellers is set at 4.6664 PLN. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 4.6578 PLN. If there is any crossing, the next objective would be the support located at 4.6479 PLN. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.4
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This analysis was given by nwbrown2. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/PLN rating is 4.6705 PLN. The price is lower by -0.09% since the last closing and was between 4.6690 PLN and 4.6794 PLN. This implies that the price is at +0.03% from its lowest and at -0.19% from its highest.4.6690
4.6794
4.6705
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
A study of price movements over other periods shows the following variations:
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
A technical analysis in 15 min. of this EUR/PLN chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 15 minutes
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 4.4959 | 4.6369 | 4.6679 | 4.6705 | 4.6707 | 4.6737 | 4.6864 |
| Change (%) | -3.74% | -0.72% | -0.06% | - | +0.00% | +0.07% | +0.34% |
| Change | -0.1746 | -0.0336 | -0.0026 | - | +0.0002 | +0.0032 | +0.0159 |
| Level | Major | Major | Major | - | Major | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6479 | 4.6578 | 4.6664 | 4.6763 | 4.6849 | 4.6948 | 4.7034 |
| Camarilla | 4.6698 | 4.6715 | 4.6732 | 4.6749 | 4.6766 | 4.6783 | 4.6800 |
| Woodie | 4.6472 | 4.6575 | 4.6657 | 4.6760 | 4.6842 | 4.6945 | 4.7027 |
| Fibonacci | 4.6578 | 4.6649 | 4.6693 | 4.6763 | 4.6834 | 4.6878 | 4.6948 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6422 | 4.6552 | 4.6673 | 4.6803 | 4.6924 | 4.7054 | 4.7175 |
| Camarilla | 4.6726 | 4.6749 | 4.6772 | 4.6795 | 4.6818 | 4.6841 | 4.6864 |
| Woodie | 4.6419 | 4.6550 | 4.6670 | 4.6801 | 4.6921 | 4.7052 | 4.7172 |
| Fibonacci | 4.6552 | 4.6648 | 4.6707 | 4.6803 | 4.6899 | 4.6958 | 4.7054 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5934 | 4.6276 | 4.6535 | 4.6877 | 4.7136 | 4.7478 | 4.7737 |
| Camarilla | 4.6630 | 4.6685 | 4.6740 | 4.6795 | 4.6850 | 4.6905 | 4.6960 |
| Woodie | 4.5894 | 4.6255 | 4.6495 | 4.6856 | 4.7096 | 4.7457 | 4.7697 |
| Fibonacci | 4.6276 | 4.6505 | 4.6647 | 4.6877 | 4.7106 | 4.7248 | 4.7478 |
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): | 43.81 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -7.8225 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 4.6740 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.6781 | |
| Elder Ray (13): | -0.0014 | |
| Super Trend (3,10): | 4.6790 | |
| Zig ZAG (10): | 4.6715 | |
| VORTEX (21): | 1.0020 | |
| Stochastique (14,3,5): | 35.74 | |
| TEMA (21): | 4.6733 | |
| Williams %R (14): | -79.38 | |
| Chande Momentum Oscillator (20): | -0.0055 | |
| Repulse (5,40,3): | -0.0555 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0002 | |
| Courbe Coppock: | 0.09 |
| MA7: | 4.6791 | |
| MA20: | 4.6869 | |
| MA50: | 4.7117 | |
| MA100: | 4.7000 | |
| MAexp7: | 4.6735 | |
| MAexp20: | 4.6743 | |
| MAexp50: | 4.6745 | |
| MAexp100: | 4.6749 | |
| Price / MA7: | -0.18% | |
| Price / MA20: | -0.35% | |
| Price / MA50: | -0.87% | |
| Price / MA100: | -0.63% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.09% |
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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