GBP/PLN - 1H - Technical analysis published on 04/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
11%
44%
44%
My opinion
Bearish under 5.0028 PLN
My targets
4.9723 PLN (-0.0082)
4.9577 PLN (-0.0228)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 5.0028 PLN remains possible. It is advisable to trade GBP/PLN with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 5.0028 PLN. The next bearish objective for sellers is set at 4.9723 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.9577 PLN. In case of crossing, the next objective would be the support located at 4.8056 PLN. PS: if there is a bullish break in the resistance located at 5.0028 PLN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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
3.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/PLN rating 4.9805 PLN. The price registered a decrease of -0.01% on the session with the lowest point at 4.9729 PLN and the highest point at 4.9918 PLN. The deviation from the price is +0.15% for the low point and -0.23% for the high point.4.9729
4.9918
4.9805
Here is a more detailed summary of the historical variations registered by GBP/PLN:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/PLN chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
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 | 4.8056 | 4.9577 | 4.9723 | 4.9805 | 4.9846 | 5.0028 | 5.0293 |
| Change (%) | -3.51% | -0.46% | -0.16% | - | +0.08% | +0.45% | +0.98% |
| Change | -0.1749 | -0.0228 | -0.0082 | - | +0.0041 | +0.0223 | +0.0488 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9375 | 4.9476 | 4.9644 | 4.9745 | 4.9913 | 5.0014 | 5.0182 |
| Camarilla | 4.9738 | 4.9763 | 4.9787 | 4.9812 | 4.9837 | 4.9861 | 4.9886 |
| Woodie | 4.9409 | 4.9493 | 4.9678 | 4.9762 | 4.9947 | 5.0031 | 5.0216 |
| Fibonacci | 4.9476 | 4.9579 | 4.9642 | 4.9745 | 4.9848 | 4.9911 | 5.0014 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9275 | 4.9572 | 4.9748 | 5.0045 | 5.0221 | 5.0518 | 5.0694 |
| Camarilla | 4.9795 | 4.9838 | 4.9882 | 4.9925 | 4.9968 | 5.0012 | 5.0055 |
| Woodie | 4.9216 | 4.9542 | 4.9689 | 5.0015 | 5.0162 | 5.0488 | 5.0635 |
| Fibonacci | 4.9572 | 4.9752 | 4.9864 | 5.0045 | 5.0225 | 5.0337 | 5.0518 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9276 | 4.9653 | 4.9934 | 5.0311 | 5.0592 | 5.0969 | 5.1250 |
| Camarilla | 5.0035 | 5.0095 | 5.0156 | 5.0216 | 5.0276 | 5.0337 | 5.0397 |
| Woodie | 4.9229 | 4.9629 | 4.9887 | 5.0287 | 5.0545 | 5.0945 | 5.1203 |
| Fibonacci | 4.9653 | 4.9904 | 5.0059 | 5.0311 | 5.0562 | 5.0717 | 5.0969 |
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): | 49.42 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 1.3539 | |
| AROON (14): | 7.1428 | |
| DEMA (21): | 4.9840 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.9744 | |
| Elder Ray (13): | -0.0022 | |
| Super Trend (3,10): | 4.9755 | |
| Zig ZAG (10): | 4.9797 | |
| VORTEX (21): | 1.0245 | |
| Stochastique (14,3,5): | 47.44 | |
| TEMA (21): | 4.9845 | |
| Williams %R (14): | -59.79 | |
| Chande Momentum Oscillator (20): | -0.0034 | |
| Repulse (5,40,3): | -0.0513 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0061 | |
| Courbe Coppock: | 0.04 |
| MA7: | 4.9922 | |
| MA20: | 5.0192 | |
| MA50: | 5.0397 | |
| MA100: | 5.0443 | |
| MAexp7: | 4.9827 | |
| MAexp20: | 4.9819 | |
| MAexp50: | 4.9812 | |
| MAexp100: | 4.9866 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -0.77% | |
| Price / MA50: | -1.17% | |
| Price / MA100: | -1.26% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.12% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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