EUR/PLN - Daily - Technical analysis published on 07/27/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 4.4964 PLN
My targets
4.3805 PLN (-0.0430)
4.3196 PLN (-0.1039)
My analysis
All elements being clearly 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 4.4964 PLN. The sellers' bearish objective is set at 4.3805 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.3196 PLN. In case of crossing, the next objective would be the support located at 4.2235 PLN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/PLN rating 4.4235 PLN. The price registered a decrease of -0.01% on the session and was traded between 4.4115 PLN and 4.4310 PLN over the period. The price is currently at +0.27% from its lowest and -0.17% from its highest.4.4115
4.4310
4.4235
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 LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
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
A technical analysis in Daily of this EUR/PLN chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
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 | 4.2235 | 4.3196 | 4.3805 | 4.4235 | 4.4387 | 4.4964 | 4.6369 |
| Change (%) | -4.52% | -2.35% | -0.97% | - | +0.34% | +1.65% | +4.82% |
| Change | -0.2000 | -0.1039 | -0.0430 | - | +0.0152 | +0.0729 | +0.2134 |
| Level | Minor | Minor | Major | - | Intermediate | 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 | 4.3902 | 4.4031 | 4.4136 | 4.4265 | 4.4370 | 4.4499 | 4.4604 |
| Camarilla | 4.4177 | 4.4198 | 4.4220 | 4.4241 | 4.4263 | 4.4284 | 4.4305 |
| Woodie | 4.3890 | 4.4025 | 4.4124 | 4.4259 | 4.4358 | 4.4493 | 4.4592 |
| Fibonacci | 4.4031 | 4.4120 | 4.4176 | 4.4265 | 4.4354 | 4.4410 | 4.4499 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4029 | 4.4168 | 4.4392 | 4.4531 | 4.4755 | 4.4894 | 4.5118 |
| Camarilla | 4.4517 | 4.4551 | 4.4584 | 4.4617 | 4.4650 | 4.4684 | 4.4717 |
| Woodie | 4.4073 | 4.4189 | 4.4436 | 4.4552 | 4.4799 | 4.4915 | 4.5162 |
| Fibonacci | 4.4168 | 4.4306 | 4.4392 | 4.4531 | 4.4669 | 4.4755 | 4.4894 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2587 | 4.3392 | 4.3871 | 4.4676 | 4.5155 | 4.5960 | 4.6439 |
| Camarilla | 4.3998 | 4.4116 | 4.4233 | 4.4351 | 4.4469 | 4.4586 | 4.4704 |
| Woodie | 4.2425 | 4.3311 | 4.3709 | 4.4595 | 4.4993 | 4.5879 | 4.6277 |
| Fibonacci | 4.3392 | 4.3882 | 4.4185 | 4.4676 | 4.5166 | 4.5469 | 4.5960 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 40.30 | |
| MACD (12,26,9): | -0.0084 | |
| Directional Movement: | -3.2551 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 4.4343 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4991 | |
| Elder Ray (13): | -0.0211 | |
| Super Trend (3,10): | 4.4992 | |
| Zig ZAG (10): | 4.4251 | |
| VORTEX (21): | 0.9417 | |
| Stochastique (14,3,5): | 14.67 | |
| TEMA (21): | 4.4399 | |
| Williams %R (14): | -77.21 | |
| Chande Momentum Oscillator (20): | -0.0135 | |
| Repulse (5,40,3): | -0.2192 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0223 | |
| Courbe Coppock: | 0.47 |
| MA7: | 4.4431 | |
| MA20: | 4.4460 | |
| MA50: | 4.4645 | |
| MA100: | 4.5467 | |
| MAexp7: | 4.4376 | |
| MAexp20: | 4.4460 | |
| MAexp50: | 4.4747 | |
| MAexp100: | 4.5293 | |
| Price / MA7: | -0.44% | |
| Price / MA20: | -0.51% | |
| Price / MA50: | -0.92% | |
| Price / MA100: | -2.71% | |
| Price / MAexp7: | -0.32% | |
| Price / MAexp20: | -0.51% | |
| Price / MAexp50: | -1.15% | |
| Price / MAexp100: | -2.34% |
Quotes :
-
Real time data
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Forex
News
The last news published on EUR/PLN at the time of the generation of this analysis was as follows:
-
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.
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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