GBP/PLN - 1H - Technical analysis published on 08/25/2021 (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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 5.3629 PLN
My targets
5.3327 PLN (-0.0101)
5.3248 PLN (-0.0180)
My analysis
The bearish trend is currently very strong for GBP/PLN. As long as the price remains below the resistance at 5.3629 PLN, you could try to take advantage of the bearish rally. The first bearish objective is located at 5.3327 PLN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5.3248 PLN as an objective. Crossing it would then enable sellers to target 5.2231 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
5.4
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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 5.3428 PLN. The price has increased by +0.01% since the last closing with the lowest point at 5.3415 PLN and the highest point at 5.3494 PLN. The deviation from the price is +0.02% for the low point and -0.12% for the high point.5.3415
5.3494
5.3428
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 sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 5 are bullish, 8 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.3248 | 5.3327 | 5.3391 | 5.3428 | 5.3446 | 5.3629 | 5.3717 |
| Change (%) | -0.34% | -0.19% | -0.07% | - | +0.03% | +0.38% | +0.54% |
| Change | -0.0180 | -0.0101 | -0.0037 | - | +0.0018 | +0.0201 | +0.0289 |
| Level | Minor | Major | Intermediate | - | Minor | Major | 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 | 5.3006 | 5.3171 | 5.3298 | 5.3463 | 5.3590 | 5.3755 | 5.3882 |
| Camarilla | 5.3344 | 5.3371 | 5.3397 | 5.3424 | 5.3451 | 5.3478 | 5.3504 |
| Woodie | 5.2986 | 5.3162 | 5.3278 | 5.3454 | 5.3570 | 5.3746 | 5.3862 |
| Fibonacci | 5.3171 | 5.3283 | 5.3352 | 5.3463 | 5.3575 | 5.3644 | 5.3755 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.2715 | 5.3022 | 5.3209 | 5.3516 | 5.3703 | 5.4010 | 5.4197 |
| Camarilla | 5.3261 | 5.3306 | 5.3352 | 5.3397 | 5.3442 | 5.3488 | 5.3533 |
| Woodie | 5.2656 | 5.2992 | 5.3150 | 5.3486 | 5.3644 | 5.3980 | 5.4138 |
| Fibonacci | 5.3022 | 5.3210 | 5.3327 | 5.3516 | 5.3704 | 5.3821 | 5.4010 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0754 | 5.1552 | 5.2538 | 5.3336 | 5.4322 | 5.5120 | 5.6106 |
| Camarilla | 5.3033 | 5.3197 | 5.3361 | 5.3524 | 5.3688 | 5.3851 | 5.4015 |
| Woodie | 5.0848 | 5.1599 | 5.2632 | 5.3383 | 5.4416 | 5.5167 | 5.6200 |
| Fibonacci | 5.1552 | 5.2234 | 5.2655 | 5.3336 | 5.4018 | 5.4439 | 5.5120 |
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): | 46.79 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | -3.6697 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 5.3438 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.3352 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 5.3579 | |
| Zig ZAG (10): | 5.3437 | |
| VORTEX (21): | 0.9278 | |
| Stochastique (14,3,5): | 58.27 | |
| TEMA (21): | 5.3434 | |
| Williams %R (14): | -61.90 | |
| Chande Momentum Oscillator (20): | 0.0025 | |
| Repulse (5,40,3): | -0.0743 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0054 | |
| Courbe Coppock: | 0.05 |
| MA7: | 5.3486 | |
| MA20: | 5.3609 | |
| MA50: | 5.3308 | |
| MA100: | 5.2849 | |
| MAexp7: | 5.3458 | |
| MAexp20: | 5.3460 | |
| MAexp50: | 5.3479 | |
| MAexp100: | 5.3506 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | -0.34% | |
| Price / MA50: | +0.23% | |
| Price / MA100: | +1.10% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.15% |
Quotes :
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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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