GBP/PLN
GBP PLN
- PLN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPPLN
ISIN:

GBP/PLN - 1H - Technical analysis published on 09/29/2021 (GMT)

  • 191
  • 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
  • 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: 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

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:
15 min. Daily Weekly

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GBP/PLN:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

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


S3S2S1PriceR1R2R3
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
Standard5.29435.32415.34785.37765.40135.43115.4548
Camarilla5.35685.36175.36665.37155.37645.38135.3862
Woodie5.29135.32265.34485.37615.39835.42965.4518
Fibonacci5.32415.34455.35725.37765.39805.41075.4311


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.30955.33335.35305.37685.39655.42035.4400
Camarilla5.36075.36475.36875.37275.37675.38075.3847
Woodie5.30755.33235.35105.37585.39455.41935.4380
Fibonacci5.33335.34995.36025.37685.39345.40375.4203


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.05355.15875.21355.31875.37355.47875.5335
Camarilla5.22425.23895.25355.26825.28295.29755.3122
Woodie5.02825.14615.18825.30615.34825.46615.5082
Fibonacci5.15875.21995.25765.31875.37995.41765.4787

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 - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Online

Overall rating :
15090
Number of analyses :
Followers :
0
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

no pic

Comments

0 comments on the analysis GBP/PLN - 1H