GBP/PLN - 1H - Technical analysis published on 02/01/2021 (GMT)
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- 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 bearish
De fond:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 5.1220 PLN
My targets
5.0877 PLN (-0.0175)
5.0591 PLN (-0.0461)
My analysis
GBP/PLN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 5.1220 PLN. The next support located at 5.0877 PLN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 5.0591 PLN. Below this support, sellers could then target 4.9793 PLN. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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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
GBP/PLN rating 5.1052 PLN. The price has increased by +0.00% since the last closing with the lowest point at 5.0966 PLN and the highest point at 5.1296 PLN. The deviation from the price is +0.17% for the low point and -0.48% for the high point.5.0966
5.1296
5.1052
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
Here is a more detailed summary of the historical variations registered by GBP/PLN:
Technical
Technical analysis of GBP/PLN in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.9793 | 5.0591 | 5.0877 | 5.1052 | 5.1094 | 5.1220 | 5.1293 |
| Change (%) | -2.47% | -0.90% | -0.34% | - | +0.08% | +0.33% | +0.47% |
| Change | -0.1259 | -0.0461 | -0.0175 | - | +0.0042 | +0.0168 | +0.0241 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | Major |
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 | 5.0392 | 5.0690 | 5.0871 | 5.1169 | 5.1350 | 5.1648 | 5.1829 |
| Camarilla | 5.0920 | 5.0964 | 5.1008 | 5.1052 | 5.1096 | 5.1140 | 5.1184 |
| Woodie | 5.0334 | 5.0661 | 5.0813 | 5.1140 | 5.1292 | 5.1619 | 5.1771 |
| Fibonacci | 5.0690 | 5.0873 | 5.0986 | 5.1169 | 5.1352 | 5.1465 | 5.1648 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0187 | 5.0587 | 5.0820 | 5.1220 | 5.1453 | 5.1853 | 5.2086 |
| Camarilla | 5.0878 | 5.0936 | 5.0994 | 5.1052 | 5.1110 | 5.1168 | 5.1226 |
| Woodie | 5.0103 | 5.0545 | 5.0736 | 5.1178 | 5.1369 | 5.1811 | 5.2002 |
| Fibonacci | 5.0587 | 5.0829 | 5.0979 | 5.1220 | 5.1462 | 5.1612 | 5.1853 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8092 | 4.8911 | 4.9982 | 5.0801 | 5.1872 | 5.2691 | 5.3762 |
| Camarilla | 5.0532 | 5.0706 | 5.0879 | 5.1052 | 5.1225 | 5.1399 | 5.1572 |
| Woodie | 4.8217 | 4.8974 | 5.0107 | 5.0864 | 5.1997 | 5.2754 | 5.3887 |
| Fibonacci | 4.8911 | 4.9633 | 5.0079 | 5.0801 | 5.1523 | 5.1969 | 5.2691 |
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): | 38.80 | |
| MACD (12,26,9): | -0.0040 | |
| Directional Movement: | -15.5349 | |
| AROON (14): | -42.8572 | |
| DEMA (21): | 5.1089 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.1221 | |
| Elder Ray (13): | -0.0082 | |
| Super Trend (3,10): | 5.1285 | |
| Zig ZAG (10): | 5.1080 | |
| VORTEX (21): | 0.9768 | |
| Stochastique (14,3,5): | 23.03 | |
| TEMA (21): | 5.1121 | |
| Williams %R (14): | -88.18 | |
| Chande Momentum Oscillator (20): | -0.0161 | |
| Repulse (5,40,3): | -0.2837 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0055 | |
| Courbe Coppock: | 0.13 |
| MA7: | 5.1203 | |
| MA20: | 5.0852 | |
| MA50: | 5.0128 | |
| MA100: | 4.9982 | |
| MAexp7: | 5.1122 | |
| MAexp20: | 5.1149 | |
| MAexp50: | 5.1210 | |
| MAexp100: | 5.1239 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | +0.39% | |
| Price / MA50: | +1.84% | |
| Price / MA100: | +2.14% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -0.31% | |
| Price / MAexp100: | -0.36% |
Quotes :
2021-02-01 16:20:41
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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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