GBP/PLN - 1H - Technical analysis published on 06/21/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 5.3094 PLN
My targets
5.2764 PLN (-0.0111)
5.2231 PLN (-0.0644)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on GBP/PLN as long as the price remains well below 5.3094 PLN. The next bearish objective for sellers is set at 5.2764 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.2231 PLN. In case of crossing, the next objective would be the support located at 5.1929 PLN.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
4.6
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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 5.2875 PLN. The price registered a decrease of -0.16% on the session with the lowest point at 5.2810 PLN and the highest point at 5.3069 PLN. The deviation from the price is +0.12% for the low point and -0.37% for the high point.5.2810
5.3069
5.2875
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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/PLN chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
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 | 5.1929 | 5.2231 | 5.2764 | 5.2875 | 5.3094 | 5.3393 | 5.3982 |
| Change (%) | -1.79% | -1.22% | -0.21% | - | +0.41% | +0.98% | +2.09% |
| Change | -0.0946 | -0.0644 | -0.0111 | - | +0.0219 | +0.0518 | +0.1107 |
| Level | Minor | Major | Intermediate | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.2291 | 5.2587 | 5.2774 | 5.3070 | 5.3257 | 5.3553 | 5.3740 |
| Camarilla | 5.2829 | 5.2874 | 5.2918 | 5.2962 | 5.3006 | 5.3051 | 5.3095 |
| Woodie | 5.2238 | 5.2560 | 5.2721 | 5.3043 | 5.3204 | 5.3526 | 5.3687 |
| Fibonacci | 5.2587 | 5.2771 | 5.2885 | 5.3070 | 5.3254 | 5.3368 | 5.3553 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.1127 | 5.1667 | 5.2314 | 5.2854 | 5.3501 | 5.4041 | 5.4688 |
| Camarilla | 5.2636 | 5.2744 | 5.2853 | 5.2962 | 5.3071 | 5.3180 | 5.3288 |
| Woodie | 5.1182 | 5.1694 | 5.2369 | 5.2881 | 5.3556 | 5.4068 | 5.4743 |
| Fibonacci | 5.1667 | 5.2120 | 5.2400 | 5.2854 | 5.3307 | 5.3587 | 5.4041 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9907 | 5.0787 | 5.1440 | 5.2320 | 5.2973 | 5.3853 | 5.4506 |
| Camarilla | 5.1672 | 5.1813 | 5.1954 | 5.2094 | 5.2235 | 5.2375 | 5.2516 |
| Woodie | 4.9795 | 5.0730 | 5.1328 | 5.2263 | 5.2861 | 5.3796 | 5.4394 |
| Fibonacci | 5.0787 | 5.1372 | 5.1734 | 5.2320 | 5.2905 | 5.3267 | 5.3853 |
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): | 35.22 | |
| MACD (12,26,9): | -0.0042 | |
| Directional Movement: | -11.0788 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 5.2924 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.3054 | |
| Elder Ray (13): | -0.0092 | |
| Super Trend (3,10): | 5.3129 | |
| Zig ZAG (10): | 5.2892 | |
| VORTEX (21): | 0.9128 | |
| Stochastique (14,3,5): | 31.53 | |
| TEMA (21): | 5.2877 | |
| Williams %R (14): | -85.33 | |
| Chande Momentum Oscillator (20): | -0.0107 | |
| Repulse (5,40,3): | -0.2155 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0105 | |
| Courbe Coppock: | 0.25 |
| MA7: | 5.2800 | |
| MA20: | 5.2245 | |
| MA50: | 5.2435 | |
| MA100: | 5.2588 | |
| MAexp7: | 5.2923 | |
| MAexp20: | 5.2971 | |
| MAexp50: | 5.2981 | |
| MAexp100: | 5.2861 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | +1.21% | |
| Price / MA50: | +0.84% | |
| Price / MA100: | +0.55% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | +0.03% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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