GBP/PLN - Daily - Technical analysis published on 07/06/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 4.9793 PLN
My targets
4.8786 PLN (-0.0515)
4.8070 PLN (-0.1231)
My analysis
The bearish trend is currently very strong for GBP/PLN. As long as the price remains below the resistance at 4.9793 PLN, you could try to take advantage of the bearish rally. The first bearish objective is located at 4.8786 PLN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.8070 PLN as an objective. Crossing it would then enable sellers to target 4.7660 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
5.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/PLN price is 4.9301 PLN. On the day, this instrument lost -0.45% and was between 4.9240 PLN and 4.9547 PLN. This implies that the price is at +0.12% from its lowest and at -0.50% from its highest.4.9240
4.9547
4.9301
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 (1st january)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in Daily of this GBP/PLN chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.7660 | 4.8070 | 4.8786 | 4.9301 | 4.9351 | 4.9793 | 5.0591 |
| Change (%) | -3.33% | -2.50% | -1.04% | - | +0.10% | +1.00% | +2.62% |
| Change | -0.1641 | -0.1231 | -0.0515 | - | +0.0050 | +0.0492 | +0.1290 |
| Level | Major | Minor | Major | - | Major | Major | Minor |
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 | 4.9228 | 4.9316 | 4.9421 | 4.9509 | 4.9614 | 4.9702 | 4.9807 |
| Camarilla | 4.9472 | 4.9490 | 4.9507 | 4.9525 | 4.9543 | 4.9560 | 4.9578 |
| Woodie | 4.9236 | 4.9320 | 4.9429 | 4.9513 | 4.9622 | 4.9706 | 4.9815 |
| Fibonacci | 4.9316 | 4.9390 | 4.9436 | 4.9509 | 4.9583 | 4.9629 | 4.9702 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7763 | 4.8181 | 4.8853 | 4.9271 | 4.9943 | 5.0361 | 5.1033 |
| Camarilla | 4.9225 | 4.9325 | 4.9425 | 4.9525 | 4.9625 | 4.9725 | 4.9825 |
| Woodie | 4.7890 | 4.8245 | 4.8980 | 4.9335 | 5.0070 | 5.0425 | 5.1160 |
| Fibonacci | 4.8181 | 4.8597 | 4.8855 | 4.9271 | 4.9687 | 4.9945 | 5.0361 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6779 | 4.7689 | 4.8361 | 4.9271 | 4.9943 | 5.0853 | 5.1525 |
| Camarilla | 4.8598 | 4.8743 | 4.8888 | 4.9033 | 4.9178 | 4.9323 | 4.9468 |
| Woodie | 4.6660 | 4.7630 | 4.8242 | 4.9212 | 4.9824 | 5.0794 | 5.1406 |
| Fibonacci | 4.7689 | 4.8293 | 4.8667 | 4.9271 | 4.9875 | 5.0249 | 5.0853 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.29 | |
| MACD (12,26,9): | -0.0216 | |
| Directional Movement: | -6.6141 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 4.9116 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.8663 | |
| Elder Ray (13): | 0.0033 | |
| Super Trend (3,10): | 5.0242 | |
| Zig ZAG (10): | 4.9297 | |
| VORTEX (21): | 1.0070 | |
| Stochastique (14,3,5): | 63.12 | |
| TEMA (21): | 4.9226 | |
| Williams %R (14): | -47.28 | |
| Chande Momentum Oscillator (20): | -0.0019 | |
| Repulse (5,40,3): | -0.1326 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0888 | |
| Courbe Coppock: | 1.11 |
| MA7: | 4.9267 | |
| MA20: | 4.9410 | |
| MA50: | 5.0271 | |
| MA100: | 5.0495 | |
| MAexp7: | 4.9343 | |
| MAexp20: | 4.9457 | |
| MAexp50: | 4.9951 | |
| MAexp100: | 5.0197 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | -0.22% | |
| Price / MA50: | -1.93% | |
| Price / MA100: | -2.36% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.32% | |
| Price / MAexp50: | -1.30% | |
| Price / MAexp100: | -1.78% |
Quotes :
2020-07-06 17:36:22
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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.
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