GBP/PLN - 1H - Technical analysis published on 12/15/2020 (GMT)
- 166
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
22%
28%
50%
My opinion
Bearish under 4.8904 PLN
My targets
4.8403 PLN (-0.0316)
4.8070 PLN (-0.0649)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GBP/PLN. As long as you are under the resistance located at 4.8904 PLN, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 4.8403 PLN would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 4.8070 PLN as an objective. Crossing it would then enable sellers to target 4.7659 PLN. If the resistance 4.8904 PLN were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/PLN rating 4.8719 PLN. On the day, this instrument gained +0.09% with the lowest point at 4.8630 PLN and the highest point at 4.8742 PLN. The deviation from the price is +0.18% for the low point and -0.05% for the high point.4.8630
4.8742
4.8719
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 (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/PLN chart shows a bearish trend. 75.00% 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. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 9 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.8070 | 4.8403 | 4.8686 | 4.8719 | 4.8904 | 4.9086 | 4.9366 |
| Change (%) | -1.33% | -0.65% | -0.07% | - | +0.38% | +0.75% | +1.33% |
| Change | -0.0649 | -0.0316 | -0.0033 | - | +0.0185 | +0.0367 | +0.0647 |
| Level | Major | Minor | Major | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8038 | 4.8330 | 4.8502 | 4.8794 | 4.8966 | 4.9258 | 4.9430 |
| Camarilla | 4.8546 | 4.8589 | 4.8632 | 4.8674 | 4.8717 | 4.8759 | 4.8802 |
| Woodie | 4.7978 | 4.8300 | 4.8442 | 4.8764 | 4.8906 | 4.9228 | 4.9370 |
| Fibonacci | 4.8330 | 4.8507 | 4.8617 | 4.8794 | 4.8971 | 4.9081 | 4.9258 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6401 | 4.7215 | 4.7879 | 4.8693 | 4.9357 | 5.0171 | 5.0835 |
| Camarilla | 4.8137 | 4.8272 | 4.8408 | 4.8543 | 4.8679 | 4.8814 | 4.8950 |
| Woodie | 4.6326 | 4.7178 | 4.7804 | 4.8656 | 4.9282 | 5.0134 | 5.0760 |
| Fibonacci | 4.7215 | 4.7780 | 4.8128 | 4.8693 | 4.9258 | 4.9606 | 5.0171 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7152 | 4.8264 | 4.9145 | 5.0257 | 5.1138 | 5.2250 | 5.3131 |
| Camarilla | 4.9479 | 4.9662 | 4.9844 | 5.0027 | 5.0210 | 5.0392 | 5.0575 |
| Woodie | 4.7038 | 4.8206 | 4.9031 | 5.0199 | 5.1024 | 5.2192 | 5.3017 |
| Fibonacci | 4.8264 | 4.9025 | 4.9495 | 5.0257 | 5.1018 | 5.1488 | 5.2250 |
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): | 48.67 | |
| MACD (12,26,9): | -0.0029 | |
| Directional Movement: | 0.6576 | |
| AROON (14): | 7.1428 | |
| DEMA (21): | 4.8689 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.8819 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 4.8970 | |
| Zig ZAG (10): | 4.8657 | |
| VORTEX (21): | 0.8570 | |
| Stochastique (14,3,5): | 31.60 | |
| TEMA (21): | 4.8625 | |
| Williams %R (14): | -65.96 | |
| Chande Momentum Oscillator (20): | 0.0018 | |
| Repulse (5,40,3): | -0.0324 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0098 | |
| Courbe Coppock: | 0.42 |
| MA7: | 4.8841 | |
| MA20: | 4.9522 | |
| MA50: | 4.9938 | |
| MA100: | 4.9493 | |
| MAexp7: | 4.8681 | |
| MAexp20: | 4.8723 | |
| MAexp50: | 4.8742 | |
| MAexp100: | 4.8812 | |
| Price / MA7: | -0.25% | |
| Price / MA20: | -1.62% | |
| Price / MA50: | -2.44% | |
| Price / MA100: | -1.56% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.19% |
Quotes :
2020-12-15 08:18:10
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis GBP/PLN - 1H