GBP/PLN - 1H - Technical analysis published on 08/08/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 5.6075 PLN
My targets
5.5685 PLN (-0.0132)
5.5430 PLN (-0.0387)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/PLN as long as the price remains well below 5.6075 PLN. The next bearish objective for sellers is set at 5.5685 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.5430 PLN. If there is any crossing, the next objective would be the support located at 5.4950 PLN. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/PLN rating 5.5817 PLN. The price is lower by -0.01% since the last closing with the lowest point at 5.5776 PLN and the highest point at 5.5941 PLN. The deviation from the price is +0.07% for the low point and -0.22% for the high point.5.5776
5.5941
5.5817
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
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. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 5.3658 | 5.4950 | 5.5685 | 5.5817 | 5.6075 | 5.6409 | 5.6744 |
| Change (%) | -3.87% | -1.55% | -0.24% | - | +0.46% | +1.06% | +1.66% |
| Change | -0.2159 | -0.0867 | -0.0132 | - | +0.0258 | +0.0592 | +0.0927 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Major |
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 | 5.5274 | 5.5479 | 5.5652 | 5.5857 | 5.6030 | 5.6235 | 5.6408 |
| Camarilla | 5.5720 | 5.5755 | 5.5789 | 5.5824 | 5.5859 | 5.5893 | 5.5928 |
| Woodie | 5.5257 | 5.5471 | 5.5635 | 5.5849 | 5.6013 | 5.6227 | 5.6391 |
| Fibonacci | 5.5479 | 5.5624 | 5.5713 | 5.5857 | 5.6002 | 5.6091 | 5.6235 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.4388 | 5.5037 | 5.5430 | 5.6079 | 5.6472 | 5.7121 | 5.7514 |
| Camarilla | 5.5538 | 5.5633 | 5.5729 | 5.5824 | 5.5920 | 5.6015 | 5.6111 |
| Woodie | 5.4261 | 5.4973 | 5.5303 | 5.6015 | 5.6345 | 5.7057 | 5.7387 |
| Fibonacci | 5.5037 | 5.5435 | 5.5681 | 5.6079 | 5.6477 | 5.6723 | 5.7121 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.1356 | 5.2802 | 5.4633 | 5.6079 | 5.7910 | 5.9356 | 6.1187 |
| Camarilla | 5.5562 | 5.5862 | 5.6163 | 5.6463 | 5.6763 | 5.7064 | 5.7364 |
| Woodie | 5.1548 | 5.2898 | 5.4825 | 5.6175 | 5.8102 | 5.9452 | 6.1379 |
| Fibonacci | 5.2802 | 5.4054 | 5.4828 | 5.6079 | 5.7331 | 5.8105 | 5.9356 |
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): | 47.35 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | 2.5269 | |
| AROON (14): | 85.7142 | |
| DEMA (21): | 5.5855 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.5690 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 5.6070 | |
| Zig ZAG (10): | 5.5847 | |
| VORTEX (21): | 0.9527 | |
| Stochastique (14,3,5): | 57.94 | |
| TEMA (21): | 5.5884 | |
| Williams %R (14): | -66.44 | |
| Chande Momentum Oscillator (20): | 0.0024 | |
| Repulse (5,40,3): | -0.0852 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0052 | |
| Courbe Coppock: | 0.12 |
| MA7: | 5.6137 | |
| MA20: | 5.6318 | |
| MA50: | 5.5240 | |
| MA100: | 5.5277 | |
| MAexp7: | 5.5866 | |
| MAexp20: | 5.5880 | |
| MAexp50: | 5.5950 | |
| MAexp100: | 5.6070 | |
| Price / MA7: | -0.57% | |
| Price / MA20: | -0.89% | |
| Price / MA50: | +1.04% | |
| Price / MA100: | +0.98% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | -0.45% |
Quotes :
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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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