EUR/PLN - 1H - Technical analysis published on 10/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 4.3490 PLN
My targets
4.3245 PLN (-0.0158)
4.3100 PLN (-0.0303)
My analysis
The bearish trend is currently very strong for EUR/PLN. As long as the price remains below the resistance at 4.3490 PLN, you could try to take advantage of the bearish rally. The first bearish objective is located at 4.3245 PLN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.3100 PLN as an objective. Crossing it would then enable sellers to target 4.3014 PLN. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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Additional analysis
Quotes
EUR/PLN rating 4.3403 PLN. On the day, this instrument lost -0.01% and was between 4.3395 PLN and 4.3413 PLN. This implies that the price is at +0.02% from its lowest and at -0.02% from its highest.4.3395
4.3413
4.3403
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/PLN in 1H shows a overall strongly bearish trend. The signals given by moving averages are 85.71% 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.
On the 18 technical indicators analysed, 6 are bullish, 5 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
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 | 4.3100 | 4.3245 | 4.3381 | 4.3403 | 4.3437 | 4.3490 | 4.3542 |
| Change (%) | -0.70% | -0.36% | -0.05% | - | +0.08% | +0.20% | +0.32% |
| Change | -0.0303 | -0.0158 | -0.0022 | - | +0.0034 | +0.0087 | +0.0139 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | 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 | 4.3160 | 4.3269 | 4.3337 | 4.3446 | 4.3514 | 4.3623 | 4.3691 |
| Camarilla | 4.3356 | 4.3373 | 4.3389 | 4.3405 | 4.3421 | 4.3438 | 4.3454 |
| Woodie | 4.3140 | 4.3259 | 4.3317 | 4.3436 | 4.3494 | 4.3613 | 4.3671 |
| Fibonacci | 4.3269 | 4.3337 | 4.3378 | 4.3446 | 4.3514 | 4.3555 | 4.3623 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2600 | 4.2809 | 4.3125 | 4.3334 | 4.3650 | 4.3859 | 4.4175 |
| Camarilla | 4.3297 | 4.3345 | 4.3393 | 4.3441 | 4.3489 | 4.3537 | 4.3585 |
| Woodie | 4.2654 | 4.2836 | 4.3179 | 4.3361 | 4.3704 | 4.3886 | 4.4229 |
| Fibonacci | 4.2809 | 4.3010 | 4.3134 | 4.3334 | 4.3535 | 4.3659 | 4.3859 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2054 | 4.2294 | 4.2564 | 4.2804 | 4.3074 | 4.3314 | 4.3584 |
| Camarilla | 4.2695 | 4.2742 | 4.2788 | 4.2835 | 4.2882 | 4.2929 | 4.2975 |
| Woodie | 4.2070 | 4.2302 | 4.2580 | 4.2812 | 4.3090 | 4.3322 | 4.3600 |
| Fibonacci | 4.2294 | 4.2489 | 4.2609 | 4.2804 | 4.2999 | 4.3119 | 4.3314 |
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): | 37.33 | |
| MACD (12,26,9): | -0.0021 | |
| Directional Movement: | -17.6450 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 4.3395 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.3429 | |
| Elder Ray (13): | -0.0010 | |
| Super Trend (3,10): | 4.3459 | |
| Zig ZAG (10): | 4.3401 | |
| VORTEX (21): | 0.7997 | |
| Stochastique (14,3,5): | 43.93 | |
| TEMA (21): | 4.3387 | |
| Williams %R (14): | -47.62 | |
| Chande Momentum Oscillator (20): | -0.0008 | |
| Repulse (5,40,3): | -0.0190 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0078 | |
| Courbe Coppock: | 0.19 |
| MA7: | 4.3412 | |
| MA20: | 4.3174 | |
| MA50: | 4.2940 | |
| MA100: | 4.2955 | |
| MAexp7: | 4.3405 | |
| MAexp20: | 4.3423 | |
| MAexp50: | 4.3448 | |
| MAexp100: | 4.3429 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | +0.53% | |
| Price / MA50: | +1.08% | |
| Price / MA100: | +1.04% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.06% |
Quotes :
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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.
About author
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