GBP/PLN - 1H - Technical analysis published on 03/17/2021 (GMT)
- 216
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 5.3610 PLN
My targets
5.4214 PLN (+0.0495)
5.4950 PLN (+0.1231)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 5.3610 PLN remains possible. It is advisable to trade GBP/PLN with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 5.3610 PLN. The next bullish objective for buyers is set at 5.4214 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.4950 PLN. If there is any crossing, the next objective would be the resistance located at 5.6744 PLN. PS: if there is a bearish break in the support located at 5.3610 PLN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.1
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/PLN rating 5.3719 PLN. The price registered an increase of +0.08% on the session and was traded between 5.3600 PLN and 5.3969 PLN over the period. The price is currently at +0.22% from its lowest and -0.46% from its highest.5.3600
5.3969
5.3719
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/PLN chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of triangle 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 | 5.3353 | 5.3610 | 5.3702 | 5.3719 | 5.4950 | 5.6744 | 6.0860 |
| Change (%) | -0.68% | -0.20% | -0.03% | - | +2.29% | +5.63% | +13.29% |
| Change | -0.0366 | -0.0109 | -0.0017 | - | +0.1231 | +0.3025 | +0.7141 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 5.2731 | 5.2939 | 5.3306 | 5.3514 | 5.3881 | 5.4089 | 5.4456 |
| Camarilla | 5.3516 | 5.3569 | 5.3621 | 5.3674 | 5.3727 | 5.3779 | 5.3832 |
| Woodie | 5.2812 | 5.2979 | 5.3387 | 5.3554 | 5.3962 | 5.4129 | 5.4537 |
| Fibonacci | 5.2939 | 5.3158 | 5.3294 | 5.3514 | 5.3733 | 5.3869 | 5.4089 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.2540 | 5.2843 | 5.3098 | 5.3401 | 5.3656 | 5.3959 | 5.4214 |
| Camarilla | 5.3201 | 5.3252 | 5.3303 | 5.3354 | 5.3405 | 5.3456 | 5.3508 |
| Woodie | 5.2517 | 5.2831 | 5.3075 | 5.3389 | 5.3633 | 5.3947 | 5.4191 |
| Fibonacci | 5.2843 | 5.3056 | 5.3188 | 5.3401 | 5.3614 | 5.3746 | 5.3959 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8753 | 4.9691 | 5.0917 | 5.1855 | 5.3081 | 5.4019 | 5.5245 |
| Camarilla | 5.1549 | 5.1747 | 5.1946 | 5.2144 | 5.2342 | 5.2541 | 5.2739 |
| Woodie | 4.8898 | 4.9763 | 5.1062 | 5.1927 | 5.3226 | 5.4091 | 5.5390 |
| Fibonacci | 4.9691 | 5.0517 | 5.1028 | 5.1855 | 5.2681 | 5.3192 | 5.4019 |
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): | 54.92 | |
| MACD (12,26,9): | 0.0078 | |
| Directional Movement: | 4.4464 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 5.3840 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.3969 | |
| Elder Ray (13): | -0.0032 | |
| Super Trend (3,10): | 5.3618 | |
| Zig ZAG (10): | 5.3786 | |
| VORTEX (21): | 1.0819 | |
| Stochastique (14,3,5): | 46.52 | |
| TEMA (21): | 5.3856 | |
| Williams %R (14): | -52.57 | |
| Chande Momentum Oscillator (20): | 0.0126 | |
| Repulse (5,40,3): | -0.0346 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0220 | |
| Courbe Coppock: | 0.65 |
| MA7: | 5.3517 | |
| MA20: | 5.2822 | |
| MA50: | 5.1769 | |
| MA100: | 5.0851 | |
| MAexp7: | 5.3796 | |
| MAexp20: | 5.3731 | |
| MAexp50: | 5.3619 | |
| MAexp100: | 5.3534 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | +1.70% | |
| Price / MA50: | +3.77% | |
| Price / MA100: | +5.64% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.35% |
Quotes :
2021-03-17 16:36:35
-
Real time data
-
Forex
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 GBP/PLN - 1H