GBP/PLN - 1H - Technical analysis published on 09/29/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 5.3698 PLN
My targets
5.3539 PLN (-0.0055)
5.3330 PLN (-0.0264)
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 5.3698 PLN. The next support located at 5.3539 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 5.3330 PLN. Below this support, sellers could then target 5.2231 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.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.9
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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 5.3594 PLN. On the day, this instrument lost -0.23% and was traded between 5.3491 PLN and 5.3782 PLN over the period. The price is currently at +0.19% from its lowest and -0.35% from its highest.5.3491
5.3782
5.3594
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/PLN in 1H shows a overall strongly bearish trend. 92.86% 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.
In fact, 12 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 : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 5.3330 | 5.3539 | 5.3583 | 5.3594 | 5.3628 | 5.3698 | 5.3794 |
Change (%) | -0.49% | -0.10% | -0.02% | - | +0.06% | +0.19% | +0.37% |
Change | -0.0264 | -0.0055 | -0.0011 | - | +0.0034 | +0.0104 | +0.0200 |
Level | Intermediate | Minor | Intermediate | - | Minor | Minor | Minor |
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 | 5.2943 | 5.3241 | 5.3478 | 5.3776 | 5.4013 | 5.4311 | 5.4548 |
Camarilla | 5.3568 | 5.3617 | 5.3666 | 5.3715 | 5.3764 | 5.3813 | 5.3862 |
Woodie | 5.2913 | 5.3226 | 5.3448 | 5.3761 | 5.3983 | 5.4296 | 5.4518 |
Fibonacci | 5.3241 | 5.3445 | 5.3572 | 5.3776 | 5.3980 | 5.4107 | 5.4311 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 5.3095 | 5.3333 | 5.3530 | 5.3768 | 5.3965 | 5.4203 | 5.4400 |
Camarilla | 5.3607 | 5.3647 | 5.3687 | 5.3727 | 5.3767 | 5.3807 | 5.3847 |
Woodie | 5.3075 | 5.3323 | 5.3510 | 5.3758 | 5.3945 | 5.4193 | 5.4380 |
Fibonacci | 5.3333 | 5.3499 | 5.3602 | 5.3768 | 5.3934 | 5.4037 | 5.4203 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 5.0535 | 5.1587 | 5.2135 | 5.3187 | 5.3735 | 5.4787 | 5.5335 |
Camarilla | 5.2242 | 5.2389 | 5.2535 | 5.2682 | 5.2829 | 5.2975 | 5.3122 |
Woodie | 5.0282 | 5.1461 | 5.1882 | 5.3061 | 5.3482 | 5.4661 | 5.5082 |
Fibonacci | 5.1587 | 5.2199 | 5.2576 | 5.3187 | 5.3799 | 5.4176 | 5.4787 |
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): | 36.47 | |
MACD (12,26,9): | -0.0052 | |
Directional Movement: | -18.6443 | |
AROON (14): | -50.0000 | |
DEMA (21): | 5.3613 | |
Parabolic SAR (0,02-0,02-0,2): | 5.3740 | |
Elder Ray (13): | -0.0107 | |
Super Trend (3,10): | 5.3794 | |
Zig ZAG (10): | 5.3545 | |
VORTEX (21): | 0.8686 | |
Stochastique (14,3,5): | 17.56 | |
TEMA (21): | 5.3588 | |
Williams %R (14): | -75.60 | |
Chande Momentum Oscillator (20): | -0.0167 | |
Repulse (5,40,3): | -0.0927 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0114 | |
Courbe Coppock: | 0.40 |
MA7: | 5.3785 | |
MA20: | 5.3348 | |
MA50: | 5.3456 | |
MA100: | 5.3024 | |
MAexp7: | 5.3609 | |
MAexp20: | 5.3681 | |
MAexp50: | 5.3742 | |
MAexp100: | 5.3766 | |
Price / MA7: | -0.36% | |
Price / MA20: | +0.46% | |
Price / MA50: | +0.26% | |
Price / MA100: | +1.07% | |
Price / MAexp7: | -0.03% | |
Price / MAexp20: | -0.16% | |
Price / MAexp50: | -0.28% | |
Price / MAexp100: | -0.32% |
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.
About author
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…
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