GBP/PLN - 1H - Technical analysis published on 10/18/2021 (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 bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 5.4084 PLN
My targets
5.4282 PLN (+0.0070)
5.4489 PLN (+0.0277)
My analysis
GBP/PLN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5.4084 PLN. The next resistance located at 5.4282 PLN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 5.4489 PLN. After this resistance, buyers could then target 5.4624 PLN. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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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 price is 5.4212 PLN. On the day, this instrument gained +0.10% and was traded between 5.4075 PLN and 5.4279 PLN over the period. The price is currently at +0.25% from its lowest and -0.12% from its highest.5.4075
5.4279
5.4212
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.3856 | 5.4084 | 5.4192 | 5.4212 | 5.4282 | 5.4489 | 5.4624 |
| Change (%) | -0.66% | -0.24% | -0.04% | - | +0.13% | +0.51% | +0.76% |
| Change | -0.0356 | -0.0128 | -0.0020 | - | +0.0070 | +0.0277 | +0.0412 |
| Level | Major | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.3612 | 5.3735 | 5.3947 | 5.4070 | 5.4282 | 5.4405 | 5.4617 |
| Camarilla | 5.4068 | 5.4099 | 5.4129 | 5.4160 | 5.4191 | 5.4221 | 5.4252 |
| Woodie | 5.3658 | 5.3757 | 5.3993 | 5.4092 | 5.4328 | 5.4427 | 5.4663 |
| Fibonacci | 5.3735 | 5.3863 | 5.3942 | 5.4070 | 5.4198 | 5.4277 | 5.4405 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.3261 | 5.3545 | 5.3852 | 5.4136 | 5.4443 | 5.4727 | 5.5034 |
| Camarilla | 5.3998 | 5.4052 | 5.4106 | 5.4160 | 5.4214 | 5.4268 | 5.4323 |
| Woodie | 5.3274 | 5.3551 | 5.3865 | 5.4142 | 5.4456 | 5.4733 | 5.5047 |
| Fibonacci | 5.3545 | 5.3770 | 5.3910 | 5.4136 | 5.4361 | 5.4501 | 5.4727 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0906 | 5.1633 | 5.2621 | 5.3348 | 5.4336 | 5.5063 | 5.6051 |
| Camarilla | 5.3138 | 5.3296 | 5.3453 | 5.3610 | 5.3767 | 5.3924 | 5.4082 |
| Woodie | 5.1038 | 5.1698 | 5.2753 | 5.3413 | 5.4468 | 5.5128 | 5.6183 |
| Fibonacci | 5.1633 | 5.2288 | 5.2693 | 5.3348 | 5.4003 | 5.4408 | 5.5063 |
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): | 63.51 | |
| MACD (12,26,9): | 0.0042 | |
| Directional Movement: | 17.5556 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 5.4207 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.4124 | |
| Elder Ray (13): | 0.0072 | |
| Super Trend (3,10): | 5.3996 | |
| Zig ZAG (10): | 5.4238 | |
| VORTEX (21): | 1.0710 | |
| Stochastique (14,3,5): | 72.22 | |
| TEMA (21): | 5.4214 | |
| Williams %R (14): | -24.00 | |
| Chande Momentum Oscillator (20): | 0.0084 | |
| Repulse (5,40,3): | 0.0509 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0110 | |
| Courbe Coppock: | 0.24 |
| MA7: | 5.4051 | |
| MA20: | 5.3874 | |
| MA50: | 5.3533 | |
| MA100: | 5.3237 | |
| MAexp7: | 5.4189 | |
| MAexp20: | 5.4155 | |
| MAexp50: | 5.4088 | |
| MAexp100: | 5.4038 | |
| Price / MA7: | +0.30% | |
| Price / MA20: | +0.63% | |
| Price / MA50: | +1.27% | |
| Price / MA100: | +1.83% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.32% |
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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