EUR/PLN - 1H - Technical analysis published on 02/24/2020 (GMT)
- 138
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 4.2853 PLN
My targets
4.3244 PLN (+0.0232)
4.3408 PLN (+0.0396)
My analysis
The bullish trend is currently very strong on EUR/PLN. As long as the price remains above the support at 4.2853 PLN, you could try to benefit from the boom. The first bullish objective is located at 4.3244 PLN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.3408 PLN as an objective. Crossing it would then enable buyers to target 4.3919 PLN. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.9
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 Maciej Mazur. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/PLN rating 4.3012 PLN. The price has increased by +0.32% since the last closing with the lowest point at 4.2920 PLN and the highest point at 4.3052 PLN. The deviation from the price is +0.21% for the low point and -0.09% for the high point.4.2920
4.3052
4.3012
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.2768 | 4.2853 | 4.2985 | 4.3012 | 4.3244 | 4.3408 | 4.3919 |
| Change (%) | -0.57% | -0.37% | -0.06% | - | +0.54% | +0.92% | +2.11% |
| Change | -0.0244 | -0.0159 | -0.0027 | - | +0.0232 | +0.0396 | +0.0907 |
| Level | Intermediate | Minor | Major | - | Major | 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 | 4.2607 | 4.2687 | 4.2782 | 4.2862 | 4.2957 | 4.3037 | 4.3132 |
| Camarilla | 4.2828 | 4.2844 | 4.2860 | 4.2876 | 4.2892 | 4.2908 | 4.2924 |
| Woodie | 4.2614 | 4.2691 | 4.2789 | 4.2866 | 4.2964 | 4.3041 | 4.3139 |
| Fibonacci | 4.2687 | 4.2754 | 4.2796 | 4.2862 | 4.2929 | 4.2971 | 4.3037 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2078 | 4.2265 | 4.2570 | 4.2757 | 4.3062 | 4.3249 | 4.3554 |
| Camarilla | 4.2741 | 4.2786 | 4.2831 | 4.2876 | 4.2921 | 4.2966 | 4.3011 |
| Woodie | 4.2138 | 4.2295 | 4.2630 | 4.2787 | 4.3122 | 4.3279 | 4.3614 |
| Fibonacci | 4.2265 | 4.2453 | 4.2569 | 4.2757 | 4.2945 | 4.3061 | 4.3249 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.1159 | 4.1564 | 4.2267 | 4.2672 | 4.3375 | 4.3780 | 4.4483 |
| Camarilla | 4.2666 | 4.2768 | 4.2869 | 4.2971 | 4.3073 | 4.3174 | 4.3276 |
| Woodie | 4.1309 | 4.1639 | 4.2417 | 4.2747 | 4.3525 | 4.3855 | 4.4633 |
| Fibonacci | 4.1564 | 4.1987 | 4.2248 | 4.2672 | 4.3095 | 4.3356 | 4.3780 |
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): | 63.11 | |
| MACD (12,26,9): | 0.0041 | |
| Directional Movement: | 25.0849 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 4.2988 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.2946 | |
| Elder Ray (13): | 0.0020 | |
| Super Trend (3,10): | 4.2895 | |
| Zig ZAG (10): | 4.2986 | |
| VORTEX (21): | 1.1528 | |
| Stochastique (14,3,5): | 69.58 | |
| TEMA (21): | 4.3002 | |
| Williams %R (14): | -21.91 | |
| Chande Momentum Oscillator (20): | 0.0137 | |
| Repulse (5,40,3): | 0.0752 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0139 | |
| Courbe Coppock: | 0.36 |
| MA7: | 4.2728 | |
| MA20: | 4.2714 | |
| MA50: | 4.2576 | |
| MA100: | 4.2710 | |
| MAexp7: | 4.2967 | |
| MAexp20: | 4.2932 | |
| MAexp50: | 4.2864 | |
| MAexp100: | 4.2791 | |
| Price / MA7: | +0.66% | |
| Price / MA20: | +0.70% | |
| Price / MA50: | +1.02% | |
| Price / MA100: | +0.71% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +0.52% |
News
The latest news and videos published on EUR/PLN at the time of the analysis were as follows:
-
Where Is EUR/PLN Heading?
-
Volatility Expected For EUR/PLN
-
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
Online
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…
Add a comment
Comments
0 comments on the analysis EUR/PLN - 1H