GBP/PLN - 1H - Technical analysis published on 11/17/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 5.3763 PLN
My targets
5.3939 PLN (+0.0063)
5.4506 PLN (+0.0630)
My analysis
A bullish trend on GBP/PLN both in substance and in the short term. A purchase could be considered as long as the price remains above 5.3763 PLN. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 5.3939 PLN. Then the price could move towards 5.4506 PLN. Then 5.4788 PLN by extension. Be careful, a return below 5.3763 PLN would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.1
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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 5.3876 PLN. The price registered an increase of +0.00% on the session with the lowest point at 5.3735 PLN and the highest point at 5.3900 PLN. The deviation from the price is +0.26% for the low point and -0.04% for the high point.5.3735
5.3900
5.3876
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
Here is a more detailed summary of the historical variations registered by GBP/PLN:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
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. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 5.3478 | 5.3620 | 5.3763 | 5.3876 | 5.3939 | 5.4506 | 5.4788 |
| Change (%) | -0.74% | -0.48% | -0.21% | - | +0.12% | +1.17% | +1.69% |
| Change | -0.0398 | -0.0256 | -0.0113 | - | +0.0063 | +0.0630 | +0.0912 |
| Level | Minor | Minor | Minor | - | Major | Minor | 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 | 5.1997 | 5.2738 | 5.3307 | 5.4048 | 5.4617 | 5.5358 | 5.5927 |
| Camarilla | 5.3517 | 5.3637 | 5.3757 | 5.3877 | 5.3997 | 5.4117 | 5.4237 |
| Woodie | 5.1912 | 5.2695 | 5.3222 | 5.4005 | 5.4532 | 5.5315 | 5.5842 |
| Fibonacci | 5.2738 | 5.3238 | 5.3547 | 5.4048 | 5.4548 | 5.4857 | 5.5358 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.2476 | 5.2887 | 5.3226 | 5.3637 | 5.3976 | 5.4387 | 5.4726 |
| Camarilla | 5.3359 | 5.3428 | 5.3496 | 5.3565 | 5.3634 | 5.3703 | 5.3771 |
| Woodie | 5.2440 | 5.2869 | 5.3190 | 5.3619 | 5.3940 | 5.4369 | 5.4690 |
| Fibonacci | 5.2887 | 5.3174 | 5.3351 | 5.3637 | 5.3924 | 5.4101 | 5.4387 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.27 | |
| MACD (12,26,9): | -0.0023 | |
| Directional Movement: | -3.9375 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 5.3812 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.3613 | |
| Elder Ray (13): | -0.0030 | |
| Super Trend (3,10): | 5.4197 | |
| Zig ZAG (10): | 5.3820 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 73.23 | |
| TEMA (21): | 5.3781 | |
| Williams %R (14): | -26.98 | |
| Chande Momentum Oscillator (20): | 0.0183 | |
| Repulse (5,40,3): | -0.0004 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0099 | |
| Courbe Coppock: | 0.39 |
| MA7: | 5.3793 | |
| MA20: | 5.4211 | |
| MA50: | 5.4488 | |
| MA100: | 5.5151 | |
| MAexp7: | 5.3826 | |
| MAexp20: | 5.3843 | |
| MAexp50: | 5.3838 | |
| MAexp100: | 5.3790 | |
| Price / MA7: | +0.15% | |
| Price / MA20: | -0.62% | |
| Price / MA50: | -1.12% | |
| Price / MA100: | -2.31% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.16% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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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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