GBP/PLN - Daily - Technical analysis published on 08/28/2020 (GMT)
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- Timeframe : Daily
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- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
72%
0%
28%
My opinion
Neutral between 4.8786 PLN and 4.9351 PLN
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 4.9351 PLN. The first support is located at 4.8786 PLN. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by GBP/PLN.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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 4.9123 PLN. The price registered a decrease of -0.27% on the session with the lowest point at 4.9041 PLN and the highest point at 4.9317 PLN. The deviation from the price is +0.17% for the low point and -0.39% for the high point.4.9041
4.9317
4.9123
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this GBP/PLN chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
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 resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.7660 | 4.8092 | 4.8786 | 4.9123 | 4.9351 | 4.9793 | 5.0591 |
| Change (%) | -2.98% | -2.10% | -0.69% | - | +0.46% | +1.36% | +2.99% |
| Change | -0.1463 | -0.1031 | -0.0337 | - | +0.0228 | +0.0670 | +0.1468 |
| Level | Major | Minor | Major | - | Major | 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 | 4.8777 | 4.8940 | 4.9097 | 4.9260 | 4.9417 | 4.9580 | 4.9737 |
| Camarilla | 4.9166 | 4.9195 | 4.9225 | 4.9254 | 4.9283 | 4.9313 | 4.9342 |
| Woodie | 4.8774 | 4.8939 | 4.9094 | 4.9259 | 4.9414 | 4.9579 | 4.9734 |
| Fibonacci | 4.8940 | 4.9062 | 4.9138 | 4.9260 | 4.9382 | 4.9458 | 4.9580 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7817 | 4.8095 | 4.8544 | 4.8822 | 4.9271 | 4.9549 | 4.9998 |
| Camarilla | 4.8792 | 4.8859 | 4.8925 | 4.8992 | 4.9059 | 4.9125 | 4.9192 |
| Woodie | 4.7902 | 4.8138 | 4.8629 | 4.8865 | 4.9356 | 4.9592 | 5.0083 |
| Fibonacci | 4.8095 | 4.8373 | 4.8545 | 4.8822 | 4.9100 | 4.9272 | 4.9549 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6048 | 4.7050 | 4.8053 | 4.9055 | 5.0058 | 5.1060 | 5.2063 |
| Camarilla | 4.8506 | 4.8689 | 4.8873 | 4.9057 | 4.9241 | 4.9425 | 4.9608 |
| Woodie | 4.6050 | 4.7050 | 4.8055 | 4.9055 | 5.0060 | 5.1060 | 5.2065 |
| Fibonacci | 4.7050 | 4.7816 | 4.8289 | 4.9055 | 4.9821 | 5.0294 | 5.1060 |
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): | 54.72 | |
| MACD (12,26,9): | 0.0019 | |
| Directional Movement: | 2.6396 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 4.8896 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.8436 | |
| Elder Ray (13): | 0.0236 | |
| Super Trend (3,10): | 4.9471 | |
| Zig ZAG (10): | 4.9141 | |
| VORTEX (21): | 1.0685 | |
| Stochastique (14,3,5): | 81.64 | |
| TEMA (21): | 4.9043 | |
| Williams %R (14): | -31.65 | |
| Chande Momentum Oscillator (20): | 0.0386 | |
| Repulse (5,40,3): | 0.1175 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0189 | |
| Courbe Coppock: | 0.62 |
| MA7: | 4.8998 | |
| MA20: | 4.8849 | |
| MA50: | 4.9036 | |
| MA100: | 4.9947 | |
| MAexp7: | 4.9022 | |
| MAexp20: | 4.8916 | |
| MAexp50: | 4.9130 | |
| MAexp100: | 4.9520 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | +0.56% | |
| Price / MA50: | +0.18% | |
| Price / MA100: | -1.65% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.42% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.80% |
Quotes :
2020-08-28 14:06:06
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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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