GBP/PLN - 1H - Technical analysis published on 09/11/2024 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 5.0718 PLN
My targets
5.0850 PLN (+0.0065)
5.0935 PLN (+0.0150)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/PLN as long as the price remains well above 5.0718 PLN. The buyers' bullish objective is set at 5.0850 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.0935 PLN. If there is any crossing, the next objective would be the resistance located at 5.1016 PLN. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/PLN price is 5.0785 PLN. The price is lower by -0.03% since the last closing and was between 5.0696 PLN and 5.0865 PLN. This implies that the price is at +0.18% from its lowest and at -0.16% from its highest.5.0696
5.0865
5.0785
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/PLN chart shows a strongly bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
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 | 5.0680 | 5.0718 | 5.0775 | 5.0785 | 5.0850 | 5.0893 | 5.0935 |
| Change (%) | -0.21% | -0.13% | -0.02% | - | +0.13% | +0.21% | +0.30% |
| Change | -0.0105 | -0.0067 | -0.0010 | - | +0.0065 | +0.0108 | +0.0150 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0418 | 5.0515 | 5.0657 | 5.0754 | 5.0896 | 5.0993 | 5.1135 |
| Camarilla | 5.0733 | 5.0755 | 5.0777 | 5.0799 | 5.0821 | 5.0843 | 5.0865 |
| Woodie | 5.0441 | 5.0526 | 5.0680 | 5.0765 | 5.0919 | 5.1004 | 5.1158 |
| Fibonacci | 5.0515 | 5.0606 | 5.0663 | 5.0754 | 5.0845 | 5.0902 | 5.0993 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0109 | 5.0349 | 5.0537 | 5.0777 | 5.0965 | 5.1205 | 5.1393 |
| Camarilla | 5.0607 | 5.0647 | 5.0686 | 5.0725 | 5.0764 | 5.0804 | 5.0843 |
| Woodie | 5.0083 | 5.0336 | 5.0511 | 5.0764 | 5.0939 | 5.1192 | 5.1367 |
| Fibonacci | 5.0349 | 5.0513 | 5.0614 | 5.0777 | 5.0941 | 5.1042 | 5.1205 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8811 | 4.9342 | 5.0108 | 5.0639 | 5.1405 | 5.1936 | 5.2702 |
| Camarilla | 5.0518 | 5.0637 | 5.0756 | 5.0875 | 5.0994 | 5.1113 | 5.1232 |
| Woodie | 4.8930 | 4.9401 | 5.0227 | 5.0698 | 5.1524 | 5.1995 | 5.2821 |
| Fibonacci | 4.9342 | 4.9837 | 5.0143 | 5.0639 | 5.1134 | 5.1440 | 5.1936 |
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): | 49.40 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 9.8502 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 5.0793 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.0857 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 5.0689 | |
| Zig ZAG (10): | 5.0777 | |
| VORTEX (21): | 0.9842 | |
| Stochastique (14,3,5): | 57.20 | |
| TEMA (21): | 5.0790 | |
| Williams %R (14): | -53.85 | |
| Chande Momentum Oscillator (20): | -0.0026 | |
| Repulse (5,40,3): | -0.0546 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0037 | |
| Courbe Coppock: | 0.12 |
| MA7: | 5.0748 | |
| MA20: | 5.0577 | |
| MA50: | 5.0603 | |
| MA100: | 5.0565 | |
| MAexp7: | 5.0785 | |
| MAexp20: | 5.0778 | |
| MAexp50: | 5.0758 | |
| MAexp100: | 5.0753 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | +0.41% | |
| Price / MA50: | +0.36% | |
| Price / MA100: | +0.44% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.06% |
Quotes :
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Real time data
-
Forex
News
The last news published on GBP/PLN at the time of the generation of this analysis was as follows:
GBP/PLN Forecast May 31, 2024This member declared not having a position on this financial instrument or a related financial instrument.
About author
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