GBP/PLN - 1H - Technical analysis published on 08/28/2023 (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 bearish
Underlying:
Strongly bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 5.2191 PLN
My targets
5.1992 PLN (-0.0068)
5.1888 PLN (-0.0172)
My analysis
The bearish trend is currently very strong for GBP/PLN. As long as the price remains below the resistance at 5.2191 PLN, you could try to take advantage of the bearish rally. The first bearish objective is located at 5.1992 PLN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5.1888 PLN as an objective. Crossing it would then enable sellers to target 5.1647 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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Additional analysis
Quotes
GBP/PLN rating 5.2060 PLN. The price is lower by -0.01% since the last closing and was traded between 5.1997 PLN and 5.2171 PLN over the period. The price is currently at +0.12% from its lowest and -0.21% from its highest.5.1997
5.2171
5.2060
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/PLN:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/PLN indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 8 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 5.1647 | 5.1888 | 5.1992 | 5.2060 | 5.2191 | 5.2351 | 5.2443 |
| Change (%) | -0.79% | -0.33% | -0.13% | - | +0.25% | +0.56% | +0.74% |
| Change | -0.0413 | -0.0172 | -0.0068 | - | +0.0131 | +0.0291 | +0.0383 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Minor |
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 | 5.1721 | 5.1857 | 5.1960 | 5.2096 | 5.2199 | 5.2335 | 5.2438 |
| Camarilla | 5.1998 | 5.2020 | 5.2042 | 5.2064 | 5.2086 | 5.2108 | 5.2130 |
| Woodie | 5.1706 | 5.1849 | 5.1945 | 5.2088 | 5.2184 | 5.2327 | 5.2423 |
| Fibonacci | 5.1857 | 5.1948 | 5.2004 | 5.2096 | 5.2187 | 5.2243 | 5.2335 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.1175 | 5.1583 | 5.1824 | 5.2232 | 5.2473 | 5.2881 | 5.3122 |
| Camarilla | 5.1886 | 5.1945 | 5.2005 | 5.2064 | 5.2124 | 5.2183 | 5.2243 |
| Woodie | 5.1091 | 5.1541 | 5.1740 | 5.2190 | 5.2389 | 5.2839 | 5.3038 |
| Fibonacci | 5.1583 | 5.1831 | 5.1984 | 5.2232 | 5.2480 | 5.2633 | 5.2881 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9068 | 5.0050 | 5.0725 | 5.1707 | 5.2382 | 5.3364 | 5.4039 |
| Camarilla | 5.0944 | 5.1096 | 5.1248 | 5.1400 | 5.1552 | 5.1704 | 5.1856 |
| Woodie | 4.8915 | 4.9973 | 5.0572 | 5.1630 | 5.2229 | 5.3287 | 5.3886 |
| Fibonacci | 5.0050 | 5.0683 | 5.1074 | 5.1707 | 5.2340 | 5.2731 | 5.3364 |
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): | 46.04 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -8.6511 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 5.2091 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.2156 | |
| Elder Ray (13): | 0.0012 | |
| Super Trend (3,10): | 5.2228 | |
| Zig ZAG (10): | 5.2067 | |
| VORTEX (21): | 1.0303 | |
| Stochastique (14,3,5): | 59.00 | |
| TEMA (21): | 5.2107 | |
| Williams %R (14): | -59.77 | |
| Chande Momentum Oscillator (20): | 0.0018 | |
| Repulse (5,40,3): | -0.1659 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0014 | |
| Courbe Coppock: | 0.06 |
| MA7: | 5.2250 | |
| MA20: | 5.1931 | |
| MA50: | 5.1819 | |
| MA100: | 5.1996 | |
| MAexp7: | 5.2099 | |
| MAexp20: | 5.2099 | |
| MAexp50: | 5.2130 | |
| MAexp100: | 5.2179 | |
| Price / MA7: | -0.36% | |
| Price / MA20: | +0.25% | |
| Price / MA50: | +0.47% | |
| Price / MA100: | +0.12% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.23% |
Quotes :
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Real time data
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Forex
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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