GBP/PLN - Daily - Technical analysis published on 04/12/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
17%
61%
22%
My opinion
Bearish under 5.3376 PLN
My targets
5.1209 PLN (-0.1118)
4.9793 PLN (-0.2534)
My analysis
The strong short-term decline in GBP/PLN calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 5.3376 PLN, one could consider taking advantage of the short-term movement. The first bearish objective is located at 5.1209 PLN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.9793 PLN as an objective. Crossing it would then enable sellers to target 4.9061 PLN. Be careful, a return to above 5.3376 PLN could jeopardize the reversal.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
1.8
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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 rating is 5.2327 PLN. The price has increased by +0.31% since the last closing with the lowest point at 5.2073 PLN and the highest point at 5.2331 PLN. The deviation from the price is +0.49% for the low point and -0.01% for the high point.5.2073
5.2331
5.2327
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/PLN:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/PLN in Daily shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.9793 | 5.1209 | 5.2231 | 5.2327 | 5.3376 | 5.3982 | 5.4950 |
| Change (%) | -4.84% | -2.14% | -0.18% | - | +2.00% | +3.16% | +5.01% |
| Change | -0.2534 | -0.1118 | -0.0096 | - | +0.1049 | +0.1655 | +0.2623 |
| Level | Major | Intermediate | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.1504 | 5.1821 | 5.1993 | 5.2310 | 5.2482 | 5.2799 | 5.2971 |
| Camarilla | 5.2032 | 5.2076 | 5.2121 | 5.2166 | 5.2211 | 5.2256 | 5.2301 |
| Woodie | 5.1433 | 5.1785 | 5.1922 | 5.2274 | 5.2411 | 5.2763 | 5.2900 |
| Fibonacci | 5.1821 | 5.2008 | 5.2123 | 5.2310 | 5.2497 | 5.2612 | 5.2799 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9226 | 5.0681 | 5.1424 | 5.2879 | 5.3622 | 5.5077 | 5.5820 |
| Camarilla | 5.1562 | 5.1763 | 5.1965 | 5.2166 | 5.2368 | 5.2569 | 5.2771 |
| Woodie | 4.8869 | 5.0503 | 5.1067 | 5.2701 | 5.3265 | 5.4899 | 5.5463 |
| Fibonacci | 5.0681 | 5.1521 | 5.2040 | 5.2879 | 5.3719 | 5.4238 | 5.5077 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9957 | 5.1046 | 5.2740 | 5.3829 | 5.5523 | 5.6612 | 5.8306 |
| Camarilla | 5.3669 | 5.3924 | 5.4179 | 5.4434 | 5.4689 | 5.4944 | 5.5199 |
| Woodie | 5.0260 | 5.1197 | 5.3043 | 5.3980 | 5.5826 | 5.6763 | 5.8609 |
| Fibonacci | 5.1046 | 5.2109 | 5.2766 | 5.3829 | 5.4892 | 5.5549 | 5.6612 |
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): | 35.36 | |
| MACD (12,26,9): | -0.0069 | |
| Directional Movement: | -14.3748 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 5.3371 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.4454 | |
| Elder Ray (13): | -0.1032 | |
| Super Trend (3,10): | 5.3669 | |
| Zig ZAG (10): | 5.2226 | |
| VORTEX (21): | 0.8856 | |
| Stochastique (14,3,5): | 2.38 | |
| TEMA (21): | 5.2870 | |
| Williams %R (14): | -96.66 | |
| Chande Momentum Oscillator (20): | -0.1927 | |
| Repulse (5,40,3): | -2.0382 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0725 | |
| Courbe Coppock: | 2.77 |
| MA7: | 5.3040 | |
| MA20: | 5.3640 | |
| MA50: | 5.2738 | |
| MA100: | 5.1434 | |
| MAexp7: | 5.2852 | |
| MAexp20: | 5.3291 | |
| MAexp50: | 5.2774 | |
| MAexp100: | 5.1930 | |
| Price / MA7: | -1.34% | |
| Price / MA20: | -2.45% | |
| Price / MA50: | -0.78% | |
| Price / MA100: | +1.74% | |
| Price / MAexp7: | -0.99% | |
| Price / MAexp20: | -1.81% | |
| Price / MAexp50: | -0.85% | |
| Price / MAexp100: | +0.76% |
Quotes :
-
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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