EUR/PLN - 1H - Technical analysis published on 08/02/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
33%
33%
My opinion
Bullish above 4.4339 PLN
My targets
4.4537 PLN (+0.0048)
4.4590 PLN (+0.0101)
My analysis
EUR/PLN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4.4339 PLN. The next resistance located at 4.4537 PLN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4.4590 PLN. After this resistance, buyers could then target 4.4676 PLN. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.1
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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 4.4489 PLN. The price is lower by -0.01% since the last closing with the lowest point at 4.4370 PLN and the highest point at 4.4622 PLN. The deviation from the price is +0.27% for the low point and -0.30% for the high point.4.4370
4.4622
4.4489
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
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 this 1H chart of EUR/PLN indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 | 4.4149 | 4.4238 | 4.4339 | 4.4489 | 4.4537 | 4.4590 | 4.4676 |
| Change (%) | -0.76% | -0.56% | -0.34% | - | +0.11% | +0.23% | +0.42% |
| Change | -0.0340 | -0.0251 | -0.0150 | - | +0.0048 | +0.0101 | +0.0187 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3669 | 4.3841 | 4.4168 | 4.4340 | 4.4667 | 4.4839 | 4.5166 |
| Camarilla | 4.4357 | 4.4403 | 4.4448 | 4.4494 | 4.4540 | 4.4586 | 4.4631 |
| Woodie | 4.3746 | 4.3880 | 4.4245 | 4.4379 | 4.4744 | 4.4878 | 4.5243 |
| Fibonacci | 4.3841 | 4.4032 | 4.4150 | 4.4340 | 4.4531 | 4.4649 | 4.4839 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3267 | 4.3660 | 4.3894 | 4.4287 | 4.4521 | 4.4914 | 4.5148 |
| Camarilla | 4.3956 | 4.4013 | 4.4071 | 4.4128 | 4.4186 | 4.4243 | 4.4300 |
| Woodie | 4.3188 | 4.3620 | 4.3815 | 4.4247 | 4.4442 | 4.4874 | 4.5069 |
| Fibonacci | 4.3660 | 4.3900 | 4.4048 | 4.4287 | 4.4527 | 4.4675 | 4.4914 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2617 | 4.3301 | 4.3675 | 4.4359 | 4.4733 | 4.5417 | 4.5791 |
| Camarilla | 4.3759 | 4.3856 | 4.3953 | 4.4050 | 4.4147 | 4.4244 | 4.4341 |
| Woodie | 4.2463 | 4.3224 | 4.3521 | 4.4282 | 4.4579 | 4.5340 | 4.5637 |
| Fibonacci | 4.3301 | 4.3705 | 4.3955 | 4.4359 | 4.4763 | 4.5013 | 4.5417 |
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): | 59.03 | |
| MACD (12,26,9): | 0.0047 | |
| Directional Movement: | 9.4572 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 4.4513 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4590 | |
| Elder Ray (13): | 0.0010 | |
| Super Trend (3,10): | 4.4414 | |
| Zig ZAG (10): | 4.4471 | |
| VORTEX (21): | 1.0716 | |
| Stochastique (14,3,5): | 28.78 | |
| TEMA (21): | 4.4497 | |
| Williams %R (14): | -56.35 | |
| Chande Momentum Oscillator (20): | -0.0026 | |
| Repulse (5,40,3): | 0.0911 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0235 | |
| Courbe Coppock: | 0.04 |
| MA7: | 4.4279 | |
| MA20: | 4.4432 | |
| MA50: | 4.4580 | |
| MA100: | 4.5361 | |
| MAexp7: | 4.4463 | |
| MAexp20: | 4.4439 | |
| MAexp50: | 4.4336 | |
| MAexp100: | 4.4287 | |
| Price / MA7: | +0.47% | |
| Price / MA20: | +0.13% | |
| Price / MA50: | -0.20% | |
| Price / MA100: | -1.92% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +0.46% |
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:
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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.
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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