GBP/PLN - 1H - Technical analysis published on 02/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 5.0874 PLN
My targets
5.0561 PLN (-0.0103)
5.0475 PLN (-0.0189)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/PLN as long as the price remains well below 5.0874 PLN. The sellers' bearish objective is set at 5.0561 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.0475 PLN. In case of crossing, the next objective would be the support located at 4.9718 PLN.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.6
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/PLN price is 5.0664 PLN. The price registered an increase of +0.00% on the session with the lowest point at 5.0651 PLN and the highest point at 5.0677 PLN. The deviation from the price is +0.03% for the low point and -0.03% for the high point.5.0651
5.0677
5.0664
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/PLN in 1H shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced 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.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 4 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.0475 | 5.0561 | 5.0629 | 5.0664 | 5.0874 | 5.0979 | 5.1103 |
| Change (%) | -0.37% | -0.20% | -0.07% | - | +0.41% | +0.62% | +0.87% |
| Change | -0.0189 | -0.0103 | -0.0035 | - | +0.0210 | +0.0315 | +0.0439 |
| Level | Intermediate | Major | Minor | - | Major | Minor | Intermediate |
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 | 4.9984 | 5.0228 | 5.0447 | 5.0691 | 5.0910 | 5.1154 | 5.1373 |
| Camarilla | 5.0538 | 5.0580 | 5.0623 | 5.0665 | 5.0707 | 5.0750 | 5.0792 |
| Woodie | 4.9971 | 5.0222 | 5.0434 | 5.0685 | 5.0897 | 5.1148 | 5.1360 |
| Fibonacci | 5.0228 | 5.0405 | 5.0515 | 5.0691 | 5.0868 | 5.0978 | 5.1154 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9281 | 4.9860 | 5.0207 | 5.0786 | 5.1133 | 5.1712 | 5.2059 |
| Camarilla | 5.0299 | 5.0384 | 5.0469 | 5.0554 | 5.0639 | 5.0724 | 5.0809 |
| Woodie | 4.9165 | 4.9802 | 5.0091 | 5.0728 | 5.1017 | 5.1654 | 5.1943 |
| Fibonacci | 4.9860 | 5.0214 | 5.0432 | 5.0786 | 5.1140 | 5.1358 | 5.1712 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8669 | 4.9347 | 5.0081 | 5.0759 | 5.1493 | 5.2171 | 5.2905 |
| Camarilla | 5.0426 | 5.0555 | 5.0685 | 5.0814 | 5.0943 | 5.1073 | 5.1202 |
| Woodie | 4.8696 | 4.9361 | 5.0108 | 5.0773 | 5.1520 | 5.2185 | 5.2932 |
| Fibonacci | 4.9347 | 4.9887 | 5.0220 | 5.0759 | 5.1299 | 5.1632 | 5.2171 |
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): | 34.51 | |
| MACD (12,26,9): | -0.0058 | |
| Directional Movement: | -16.2597 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 5.0638 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.0677 | |
| Elder Ray (13): | -0.0017 | |
| Super Trend (3,10): | 5.0810 | |
| Zig ZAG (10): | 5.0665 | |
| VORTEX (21): | 0.8270 | |
| Stochastique (14,3,5): | 49.37 | |
| TEMA (21): | 5.0612 | |
| Williams %R (14): | -45.30 | |
| Chande Momentum Oscillator (20): | 0.0044 | |
| Repulse (5,40,3): | 0.0729 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0189 | |
| Courbe Coppock: | 0.62 |
| MA7: | 5.0711 | |
| MA20: | 5.0941 | |
| MA50: | 5.0565 | |
| MA100: | 5.1055 | |
| MAexp7: | 5.0666 | |
| MAexp20: | 5.0716 | |
| MAexp50: | 5.0784 | |
| MAexp100: | 5.0802 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | -0.54% | |
| Price / MA50: | +0.20% | |
| Price / MA100: | -0.77% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | -0.27% |
Quotes :
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Real time data
-
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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