GBP/PLN - 1H - Technical analysis published on 11/01/2022 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 5.4950 PLN
My targets
5.4579 PLN (-0.0132)
5.4329 PLN (-0.0382)
My analysis
The bearish trend is currently very strong for GBP/PLN. As long as the price remains below the resistance at 5.4950 PLN, you could try to take advantage of the bearish rally. The first bearish objective is located at 5.4579 PLN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5.4329 PLN as an objective. Crossing it would then enable sellers to target 5.3418 PLN. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.8
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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 5.4711 PLN. The price has increased by +0.00% since the last closing and was traded between 5.4702 PLN and 5.4725 PLN over the period. The price is currently at +0.02% from its lowest and -0.03% from its highest.5.4702
5.4725
5.4711
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 this 1H chart of GBP/PLN indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.3418 | 5.4329 | 5.4579 | 5.4711 | 5.4763 | 5.4950 | 5.5108 |
| Change (%) | -2.36% | -0.70% | -0.24% | - | +0.10% | +0.44% | +0.73% |
| Change | -0.1293 | -0.0382 | -0.0132 | - | +0.0052 | +0.0239 | +0.0397 |
| Level | Minor | Minor | Major | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.3967 | 5.4294 | 5.4502 | 5.4829 | 5.5037 | 5.5364 | 5.5572 |
| Camarilla | 5.4562 | 5.4611 | 5.4660 | 5.4709 | 5.4758 | 5.4807 | 5.4856 |
| Woodie | 5.3907 | 5.4264 | 5.4442 | 5.4799 | 5.4977 | 5.5334 | 5.5512 |
| Fibonacci | 5.4294 | 5.4499 | 5.4625 | 5.4829 | 5.5034 | 5.5160 | 5.5364 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.3942 | 5.4257 | 5.4630 | 5.4945 | 5.5318 | 5.5633 | 5.6006 |
| Camarilla | 5.4813 | 5.4876 | 5.4939 | 5.5002 | 5.5065 | 5.5128 | 5.5191 |
| Woodie | 5.3970 | 5.4272 | 5.4658 | 5.4960 | 5.5346 | 5.5648 | 5.6034 |
| Fibonacci | 5.4257 | 5.4520 | 5.4683 | 5.4945 | 5.5208 | 5.5371 | 5.5633 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.2018 | 5.3174 | 5.3941 | 5.5097 | 5.5864 | 5.7020 | 5.7787 |
| Camarilla | 5.4180 | 5.4357 | 5.4533 | 5.4709 | 5.4885 | 5.5062 | 5.5238 |
| Woodie | 5.1825 | 5.3077 | 5.3748 | 5.5000 | 5.5671 | 5.6923 | 5.7594 |
| Fibonacci | 5.3174 | 5.3908 | 5.4362 | 5.5097 | 5.5831 | 5.6285 | 5.7020 |
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): | 42.52 | |
| MACD (12,26,9): | -0.0050 | |
| Directional Movement: | 0.8406 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 5.4742 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.4849 | |
| Elder Ray (13): | -0.0037 | |
| Super Trend (3,10): | 5.5014 | |
| Zig ZAG (10): | 5.4720 | |
| VORTEX (21): | 0.8859 | |
| Stochastique (14,3,5): | 25.12 | |
| TEMA (21): | 5.4698 | |
| Williams %R (14): | -68.02 | |
| Chande Momentum Oscillator (20): | -0.0038 | |
| Repulse (5,40,3): | -0.0318 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0103 | |
| Courbe Coppock: | 0.64 |
| MA7: | 5.4791 | |
| MA20: | 5.5091 | |
| MA50: | 5.4832 | |
| MA100: | 5.5217 | |
| MAexp7: | 5.4738 | |
| MAexp20: | 5.4799 | |
| MAexp50: | 5.4834 | |
| MAexp100: | 5.4847 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | -0.69% | |
| Price / MA50: | -0.22% | |
| Price / MA100: | -0.92% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.25% |
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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