GBP/PLN - 1H - Technical analysis published on 12/02/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 5.4084 PLN
My targets
5.3655 PLN (-0.0354)
5.3112 PLN (-0.0897)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/PLN as long as the price remains well below 5.4084 PLN. The sellers' bearish objective is set at 5.3655 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.3112 PLN. In case of crossing, the next objective would be the support located at 5.2440 PLN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
7.3
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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
GBP/PLN rating 5.4009 PLN. The price registered a decrease of -0.43% on the session and was traded between 5.4002 PLN and 5.4297 PLN over the period. The price is currently at +0.01% from its lowest and -0.53% from its highest.5.4002
5.4297
5.4009
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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.1695 | 5.2440 | 5.3655 | 5.4009 | 5.4084 | 5.4652 | 5.5332 |
| Change (%) | -4.28% | -2.91% | -0.66% | - | +0.14% | +1.19% | +2.45% |
| Change | -0.2314 | -0.1569 | -0.0354 | - | +0.0075 | +0.0643 | +0.1323 |
| Level | Major | Minor | Intermediate | - | Intermediate | 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 | 5.3436 | 5.3799 | 5.4021 | 5.4384 | 5.4606 | 5.4969 | 5.5191 |
| Camarilla | 5.4083 | 5.4137 | 5.4190 | 5.4244 | 5.4298 | 5.4351 | 5.4405 |
| Woodie | 5.3367 | 5.3764 | 5.3952 | 5.4349 | 5.4537 | 5.4934 | 5.5122 |
| Fibonacci | 5.3799 | 5.4022 | 5.4160 | 5.4384 | 5.4607 | 5.4745 | 5.4969 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.4102 | 5.4712 | 5.5083 | 5.5693 | 5.6064 | 5.6674 | 5.7045 |
| Camarilla | 5.5184 | 5.5274 | 5.5364 | 5.5454 | 5.5544 | 5.5634 | 5.5724 |
| Woodie | 5.3983 | 5.4652 | 5.4964 | 5.5633 | 5.5945 | 5.6614 | 5.6926 |
| Fibonacci | 5.4712 | 5.5087 | 5.5318 | 5.5693 | 5.6068 | 5.6299 | 5.6674 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9678 | 5.1570 | 5.3112 | 5.5004 | 5.6546 | 5.8438 | 5.9980 |
| Camarilla | 5.3711 | 5.4025 | 5.4340 | 5.4655 | 5.4970 | 5.5285 | 5.5599 |
| Woodie | 4.9504 | 5.1483 | 5.2938 | 5.4917 | 5.6372 | 5.8351 | 5.9806 |
| Fibonacci | 5.1570 | 5.2882 | 5.3692 | 5.5004 | 5.6316 | 5.7126 | 5.8438 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 28.82 | |
| MACD (12,26,9): | -0.0097 | |
| Directional Movement: | -18.8286 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 5.4148 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.4295 | |
| Elder Ray (13): | -0.0129 | |
| Super Trend (3,10): | 5.4372 | |
| Zig ZAG (10): | 5.4035 | |
| VORTEX (21): | 0.7670 | |
| Stochastique (14,3,5): | 31.67 | |
| TEMA (21): | 5.4157 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.0203 | |
| Repulse (5,40,3): | -0.5226 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0297 | |
| Courbe Coppock: | 0.25 |
| MA7: | 5.4983 | |
| MA20: | 5.4877 | |
| MA50: | 5.4418 | |
| MA100: | 5.3920 | |
| MAexp7: | 5.4199 | |
| MAexp20: | 5.4300 | |
| MAexp50: | 5.4539 | |
| MAexp100: | 5.4850 | |
| Price / MA7: | -1.77% | |
| Price / MA20: | -1.58% | |
| Price / MA50: | -0.75% | |
| Price / MA100: | +0.17% | |
| Price / MAexp7: | -0.35% | |
| Price / MAexp20: | -0.54% | |
| Price / MAexp50: | -0.97% | |
| Price / MAexp100: | -1.53% |
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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