EUR/PLN

- PLN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURPLN
ISIN:

EUR/PLN - Daily - Technical analysis published on 05/15/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 4.5678 PLN

My targets

4.4964 PLN (-0.0219)

4.3805 PLN (-0.1378)

My analysis

EUR/PLN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4.5678 PLN. The next support located at 4.4964 PLN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 4.3805 PLN. Below this support, sellers could then target 4.2235 PLN. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/PLN rating is 4.5183 PLN. The price has increased by +0.00% since the last closing with the lowest point at 4.5134 PLN and the highest point at 4.5275 PLN. The deviation from the price is +0.11% for the low point and -0.20% for the high point.

4.5134

4.5275

4.5183

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

Technical

Technical analysis of EUR/PLN in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	4.2235	4.3805	4.4964	4.5183	4.5678	4.6369	4.6723
Change (%)	-6.52%	-3.05%	-0.48%	-	+1.10%	+2.62%	+3.41%
Change	-0.2948	-0.1378	-0.0219	-	+0.0495	+0.1186	+0.1540
Level	Minor	Minor	Major	-	Major	Intermediate	Major

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	4.4747	4.4949	4.5067	4.5269	4.5387	4.5589	4.5707
Camarilla	4.5097	4.5126	4.5156	4.5185	4.5214	4.5244	4.5273
Woodie	4.4705	4.4928	4.5025	4.5248	4.5345	4.5568	4.5665
Fibonacci	4.4949	4.5071	4.5147	4.5269	4.5391	4.5467	4.5589

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.4291	4.4721	4.4953	4.5383	4.5615	4.6045	4.6277
Camarilla	4.5003	4.5064	4.5124	4.5185	4.5246	4.5306	4.5367
Woodie	4.4192	4.4672	4.4854	4.5334	4.5516	4.5996	4.6178
Fibonacci	4.4721	4.4974	4.5130	4.5383	4.5636	4.5792	4.6045

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.4195	4.4963	4.5409	4.6177	4.6623	4.7391	4.7837
Camarilla	4.5520	4.5631	4.5743	4.5854	4.5965	4.6077	4.6188
Woodie	4.4033	4.4883	4.5247	4.6097	4.6461	4.7311	4.7675
Fibonacci	4.4963	4.5427	4.5714	4.6177	4.6641	4.6928	4.7391

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):	29.74
MACD (12,26,9):	-0.0340
Directional Movement:	-19.2618
AROON (14):	-71.4285
DEMA (21):	4.5263
Parabolic SAR (0,02-0,02-0,2):	4.5765
Elder Ray (13):	-0.0345
Super Trend (3,10):	4.5855
Zig ZAG (10):	4.5189
VORTEX (21):	0.7824
Stochastique (14,3,5):	3.74
TEMA (21):	4.5146
Williams %R (14):	-94.72
Chande Momentum Oscillator (20):	-0.0665
Repulse (5,40,3):	-0.5164
ROCnROLL:	2
TRIX (15,9):	-0.0949
Courbe Coppock:	2.89

MA7:	4.5324
MA20:	4.5720
MA50:	4.6357
MA100:	4.6750
MAexp7:	4.5335
MAexp20:	4.5698
MAexp50:	4.6193
MAexp100:	4.6543
Price / MA7:	-0.31%
Price / MA20:	-1.17%
Price / MA50:	-2.53%
Price / MA100:	-3.35%
Price / MAexp7:	-0.34%
Price / MAexp20:	-1.13%
Price / MAexp50:	-2.19%
Price / MAexp100:	-2.92%

Quotes : - Real time data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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