GBP/PLN - 1H - Technical analysis published on 07/22/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 5.6087 PLN
My targets
5.5575 PLN (-0.0329)
5.5345 PLN (-0.0559)
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 5.6087 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 5.6087 PLN. The next bearish objective for sellers is set at 5.5575 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.5345 PLN. In case of crossing, the next objective would be the support located at 5.4652 PLN. PS: if there is a bullish break in the resistance located at 5.6087 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 are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0
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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 5.5904 PLN. On the day, this instrument gained +0.00% with the lowest point at 5.5888 PLN and the highest point at 5.5988 PLN. The deviation from the price is +0.03% for the low point and -0.15% for the high point.5.5888
5.5988
5.5904
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/PLN indicates that the overall trend is bearish. The signals given by moving averages are 64.29% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. 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 resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
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 | 5.5345 | 5.5575 | 5.5867 | 5.5904 | 5.6087 | 5.6744 | 5.6945 |
| Change (%) | -1.00% | -0.59% | -0.07% | - | +0.33% | +1.50% | +1.86% |
| Change | -0.0559 | -0.0329 | -0.0037 | - | +0.0183 | +0.0840 | +0.1041 |
| Level | Intermediate | Intermediate | Minor | - | Major | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.4746 | 5.5068 | 5.5487 | 5.5809 | 5.6228 | 5.6550 | 5.6969 |
| Camarilla | 5.5701 | 5.5769 | 5.5837 | 5.5905 | 5.5973 | 5.6041 | 5.6109 |
| Woodie | 5.4794 | 5.5092 | 5.5535 | 5.5833 | 5.6276 | 5.6574 | 5.7017 |
| Fibonacci | 5.5068 | 5.5351 | 5.5526 | 5.5809 | 5.6092 | 5.6267 | 5.6550 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.4266 | 5.5172 | 5.5713 | 5.6619 | 5.7160 | 5.8066 | 5.8607 |
| Camarilla | 5.5855 | 5.5988 | 5.6120 | 5.6253 | 5.6386 | 5.6518 | 5.6651 |
| Woodie | 5.4083 | 5.5081 | 5.5530 | 5.6528 | 5.6977 | 5.7975 | 5.8424 |
| Fibonacci | 5.5172 | 5.5725 | 5.6067 | 5.6619 | 5.7172 | 5.7514 | 5.8066 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.1149 | 5.2256 | 5.3403 | 5.4510 | 5.5657 | 5.6764 | 5.7911 |
| Camarilla | 5.3930 | 5.4137 | 5.4343 | 5.4550 | 5.4757 | 5.4963 | 5.5170 |
| Woodie | 5.1169 | 5.2266 | 5.3423 | 5.4520 | 5.5677 | 5.6774 | 5.7931 |
| Fibonacci | 5.2256 | 5.3117 | 5.3649 | 5.4510 | 5.5371 | 5.5903 | 5.6764 |
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): | 50.89 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | -7.1072 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 5.5891 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.5571 | |
| Elder Ray (13): | 0.0021 | |
| Super Trend (3,10): | 5.6081 | |
| Zig ZAG (10): | 5.5904 | |
| VORTEX (21): | 1.0737 | |
| Stochastique (14,3,5): | 76.34 | |
| TEMA (21): | 5.5921 | |
| Williams %R (14): | -39.32 | |
| Chande Momentum Oscillator (20): | 0.0010 | |
| Repulse (5,40,3): | -0.0405 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0038 | |
| Courbe Coppock: | 0.55 |
| MA7: | 5.6164 | |
| MA20: | 5.5753 | |
| MA50: | 5.4825 | |
| MA100: | 5.5342 | |
| MAexp7: | 5.5916 | |
| MAexp20: | 5.5897 | |
| MAexp50: | 5.5938 | |
| MAexp100: | 5.6068 | |
| Price / MA7: | -0.46% | |
| Price / MA20: | +0.27% | |
| Price / MA50: | +1.97% | |
| Price / MA100: | +1.02% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.29% |
Quotes :
-
Real time data
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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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