GBP/PLN - 1H - Technical analysis published on 07/29/2022 (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:
Bearish
Underlying:
Bullish
Technical indicators
11%
56%
33%
My opinion
Bullish above 5.6744 PLN
My targets
5.7148 PLN (+0.0285)
5.7451 PLN (+0.0588)
My analysis
With a bullish background trend, the price of GBP/PLN is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 5.6744 PLN. A bullish break in the resistance located at 5.7148 PLN would boost the bullish momentum and fuel the basic trend. Then the price could move towards 5.7451 PLN. Then 6.0104 PLN by extension. It would be safer to wait for a bullish break in the resistance located at 5.7148 PLN before allowing yourself to re trade long positions (at purchase) on GBP/PLN. PS: if there is a bearish break in the support located at 5.6744 PLN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish 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 rating is 5.6863 PLN. On the day, this instrument gained +0.00% with the lowest point at 5.6832 PLN and the highest point at 5.6916 PLN. The deviation from the price is +0.05% for the low point and -0.09% for the high point.5.6832
5.6916
5.6863
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/PLN indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.5723 | 5.6075 | 5.6744 | 5.6863 | 5.6917 | 5.7148 | 5.7451 |
| Change (%) | -2.00% | -1.39% | -0.21% | - | +0.09% | +0.50% | +1.03% |
| Change | -0.1140 | -0.0788 | -0.0119 | - | +0.0054 | +0.0285 | +0.0588 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | 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 | 5.5876 | 5.6309 | 5.6586 | 5.7019 | 5.7296 | 5.7729 | 5.8006 |
| Camarilla | 5.6669 | 5.6734 | 5.6799 | 5.6864 | 5.6929 | 5.6994 | 5.7059 |
| Woodie | 5.5799 | 5.6270 | 5.6509 | 5.6980 | 5.7219 | 5.7690 | 5.7929 |
| Fibonacci | 5.6309 | 5.6580 | 5.6747 | 5.7019 | 5.7290 | 5.7457 | 5.7729 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.4011 | 5.4701 | 5.5208 | 5.5898 | 5.6405 | 5.7095 | 5.7602 |
| Camarilla | 5.5386 | 5.5496 | 5.5605 | 5.5715 | 5.5825 | 5.5935 | 5.6044 |
| Woodie | 5.3920 | 5.4655 | 5.5117 | 5.5852 | 5.6314 | 5.7049 | 5.7511 |
| Fibonacci | 5.4701 | 5.5158 | 5.5441 | 5.5898 | 5.6355 | 5.6638 | 5.7095 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.51 | |
| MACD (12,26,9): | -0.0034 | |
| Directional Movement: | -0.3738 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 5.6893 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.7020 | |
| Elder Ray (13): | -0.0042 | |
| Super Trend (3,10): | 5.7199 | |
| Zig ZAG (10): | 5.6859 | |
| VORTEX (21): | 0.9670 | |
| Stochastique (14,3,5): | 19.32 | |
| TEMA (21): | 5.6796 | |
| Williams %R (14): | -78.92 | |
| Chande Momentum Oscillator (20): | -0.0005 | |
| Repulse (5,40,3): | -0.0649 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0051 | |
| Courbe Coppock: | 1.02 |
| MA7: | 5.6372 | |
| MA20: | 5.6296 | |
| MA50: | 5.4994 | |
| MA100: | 5.5273 | |
| MAexp7: | 5.6866 | |
| MAexp20: | 5.6920 | |
| MAexp50: | 5.6831 | |
| MAexp100: | 5.6598 | |
| Price / MA7: | +0.87% | |
| Price / MA20: | +1.01% | |
| Price / MA50: | +3.40% | |
| Price / MA100: | +2.88% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +0.47% |
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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