Londinia Opportunities Analyses - 05/08/2024 (GMT) GBP/PLN - 1H
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
83%
11%
My opinion
Bearish under 5.0097 PLN
My targets
4.9723 PLN (-0.0261)
4.8875 PLN (-0.1109)
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 5.0097 PLN. The next support located at 4.9723 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 4.8875 PLN. Below this support, sellers could then target 4.8056 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8.6
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Additional analysis
Quotes
The GBP/PLN price is 4.9984 PLN. The price registered a decrease of -0.33% on the session and was traded between 4.9983 PLN and 5.0209 PLN over the period. The price is currently at +0.00% from its lowest and -0.45% from its highest.4.9983
5.0209
4.9984
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 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 sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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 horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
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 | 4.5925 | 4.8056 | 4.9723 | 4.9984 | 5.0097 | 5.0322 | 5.0487 |
| Change (%) | -8.12% | -3.86% | -0.52% | - | +0.23% | +0.68% | +1.01% |
| Change | -0.4059 | -0.1928 | -0.0261 | - | +0.0113 | +0.0338 | +0.0503 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9832 | 4.9964 | 5.0057 | 5.0189 | 5.0282 | 5.0414 | 5.0507 |
| Camarilla | 5.0087 | 5.0108 | 5.0128 | 5.0149 | 5.0170 | 5.0190 | 5.0211 |
| Woodie | 4.9812 | 4.9954 | 5.0037 | 5.0179 | 5.0262 | 5.0404 | 5.0487 |
| Fibonacci | 4.9964 | 5.0050 | 5.0103 | 5.0189 | 5.0275 | 5.0328 | 5.0414 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9770 | 5.0078 | 5.0252 | 5.0560 | 5.0734 | 5.1042 | 5.1216 |
| Camarilla | 5.0295 | 5.0339 | 5.0383 | 5.0427 | 5.0471 | 5.0515 | 5.0560 |
| Woodie | 4.9704 | 5.0045 | 5.0186 | 5.0527 | 5.0668 | 5.1009 | 5.1150 |
| Fibonacci | 5.0078 | 5.0262 | 5.0376 | 5.0560 | 5.0744 | 5.0858 | 5.1042 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8174 | 4.8875 | 4.9800 | 5.0501 | 5.1426 | 5.2127 | 5.3052 |
| Camarilla | 5.0277 | 5.0426 | 5.0575 | 5.0724 | 5.0873 | 5.1022 | 5.1171 |
| Woodie | 4.8285 | 4.8931 | 4.9911 | 5.0557 | 5.1537 | 5.2183 | 5.3163 |
| Fibonacci | 4.8875 | 4.9497 | 4.9880 | 5.0501 | 5.1123 | 5.1506 | 5.2127 |
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): | 27.83 | |
| MACD (12,26,9): | -0.0044 | |
| Directional Movement: | -21.5419 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 5.0062 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.0198 | |
| Elder Ray (13): | -0.0071 | |
| Super Trend (3,10): | 5.0203 | |
| Zig ZAG (10): | 4.9993 | |
| VORTEX (21): | 0.8960 | |
| Stochastique (14,3,5): | 9.06 | |
| TEMA (21): | 5.0056 | |
| Williams %R (14): | -95.85 | |
| Chande Momentum Oscillator (20): | -0.0127 | |
| Repulse (5,40,3): | -0.1972 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0096 | |
| Courbe Coppock: | 0.26 |
| MA7: | 5.0397 | |
| MA20: | 5.0387 | |
| MA50: | 5.0301 | |
| MA100: | 5.0460 | |
| MAexp7: | 5.0065 | |
| MAexp20: | 5.0118 | |
| MAexp50: | 5.0202 | |
| MAexp100: | 5.0304 | |
| Price / MA7: | -0.82% | |
| Price / MA20: | -0.80% | |
| Price / MA50: | -0.63% | |
| Price / MA100: | -0.94% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -0.43% | |
| Price / MAexp100: | -0.64% |
Quotes :
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Real time data
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Forex