GBP/PLN - 1H - Technical analysis published on 10/20/2022 (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:
Bullish
Underlying:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 5.5393 PLN
My targets
5.4950 PLN (-0.0196)
5.4720 PLN (-0.0426)
My analysis
The basic trend is bearish on GBP/PLN and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 5.5393 PLN. Buyers would then use the next resistance located at 5.5674 PLN as an objective. Crossing it would then enable buyers to target 5.6111 PLN. If there is a return to below the support located at 5.4950 PLN, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 5.4720 PLN and 5.3418 PLN by extension.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
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 5.5146 PLN. On the day, this instrument lost -0.01% and was between 5.5124 PLN and 5.5219 PLN. This implies that the price is at +0.04% from its lowest and at -0.13% from its highest.5.5124
5.5219
5.5146
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/PLN in 1H shows an overall bearish trend. The signals given by moving averages are at 67.86% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.4720 | 5.4950 | 5.5144 | 5.5146 | 5.5674 | 5.6111 | 5.6252 |
| Change (%) | -0.77% | -0.36% | +0.00% | - | +0.96% | +1.75% | +2.01% |
| Change | -0.0426 | -0.0196 | -0.0002 | - | +0.0528 | +0.0965 | +0.1106 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Minor |
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 | 5.4682 | 5.4798 | 5.4973 | 5.5089 | 5.5264 | 5.5380 | 5.5555 |
| Camarilla | 5.5069 | 5.5096 | 5.5122 | 5.5149 | 5.5176 | 5.5202 | 5.5229 |
| Woodie | 5.4713 | 5.4813 | 5.5004 | 5.5104 | 5.5295 | 5.5395 | 5.5586 |
| Fibonacci | 5.4798 | 5.4909 | 5.4978 | 5.5089 | 5.5200 | 5.5269 | 5.5380 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.3000 | 5.3860 | 5.4533 | 5.5393 | 5.6066 | 5.6926 | 5.7599 |
| Camarilla | 5.4785 | 5.4926 | 5.5067 | 5.5207 | 5.5348 | 5.5488 | 5.5629 |
| Woodie | 5.2908 | 5.3813 | 5.4441 | 5.5346 | 5.5974 | 5.6879 | 5.7507 |
| Fibonacci | 5.3860 | 5.4445 | 5.4807 | 5.5393 | 5.5978 | 5.6340 | 5.6926 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7774 | 4.9460 | 5.2405 | 5.4091 | 5.7036 | 5.8722 | 6.1667 |
| Camarilla | 5.4076 | 5.4500 | 5.4925 | 5.5349 | 5.5774 | 5.6198 | 5.6623 |
| Woodie | 4.8403 | 4.9775 | 5.3034 | 5.4406 | 5.7665 | 5.9037 | 6.2296 |
| Fibonacci | 4.9460 | 5.1229 | 5.2322 | 5.4091 | 5.5860 | 5.6953 | 5.8722 |
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): | 52.33 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 4.0339 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 5.5123 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.5007 | |
| Elder Ray (13): | 0.0045 | |
| Super Trend (3,10): | 5.5410 | |
| Zig ZAG (10): | 5.5129 | |
| VORTEX (21): | 1.0773 | |
| Stochastique (14,3,5): | 80.31 | |
| TEMA (21): | 5.5167 | |
| Williams %R (14): | -24.74 | |
| Chande Momentum Oscillator (20): | 0.0164 | |
| Repulse (5,40,3): | -0.0985 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0005 | |
| Courbe Coppock: | 0.23 |
| MA7: | 5.5269 | |
| MA20: | 5.4918 | |
| MA50: | 5.4968 | |
| MA100: | 5.5155 | |
| MAexp7: | 5.5142 | |
| MAexp20: | 5.5118 | |
| MAexp50: | 5.5164 | |
| MAexp100: | 5.5257 | |
| Price / MA7: | -0.22% | |
| Price / MA20: | +0.42% | |
| Price / MA50: | +0.32% | |
| Price / MA100: | -0.02% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.20% |
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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