GBP/PLN - 1H - Technical analysis published on 09/06/2023 (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 bullish
Underlying:
Strongly bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 5.2473 PLN
My targets
5.2746 PLN (+0.0093)
5.3290 PLN (+0.0637)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/PLN as long as the price remains well above 5.2473 PLN. The buyers' bullish objective is set at 5.2746 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.3290 PLN. If there is any crossing, the next objective would be the resistance located at 5.4204 PLN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.5
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Additional analysis
Quotes
The GBP/PLN rating is 5.2653 PLN. The price registered an increase of +0.00% on the session and was traded between 5.2596 PLN and 5.2659 PLN over the period. The price is currently at +0.11% from its lowest and -0.01% from its highest.5.2596
5.2659
5.2653
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 LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/PLN chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
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.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.2204 | 5.2331 | 5.2473 | 5.2653 | 5.2746 | 5.3290 | 5.4204 |
| Change (%) | -0.85% | -0.61% | -0.34% | - | +0.18% | +1.21% | +2.95% |
| Change | -0.0449 | -0.0322 | -0.0180 | - | +0.0093 | +0.0637 | +0.1551 |
| Level | Minor | Minor | Major | - | Intermediate | Major | 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 | 5.1750 | 5.1967 | 5.2311 | 5.2528 | 5.2872 | 5.3089 | 5.3433 |
| Camarilla | 5.2500 | 5.2551 | 5.2603 | 5.2654 | 5.2705 | 5.2757 | 5.2808 |
| Woodie | 5.1813 | 5.1999 | 5.2374 | 5.2560 | 5.2935 | 5.3121 | 5.3496 |
| Fibonacci | 5.1967 | 5.2182 | 5.2314 | 5.2528 | 5.2743 | 5.2875 | 5.3089 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.1432 | 5.1635 | 5.1924 | 5.2127 | 5.2416 | 5.2619 | 5.2908 |
| Camarilla | 5.2077 | 5.2122 | 5.2167 | 5.2212 | 5.2257 | 5.2302 | 5.2347 |
| Woodie | 5.1474 | 5.1657 | 5.1966 | 5.2149 | 5.2458 | 5.2641 | 5.2950 |
| Fibonacci | 5.1635 | 5.1823 | 5.1939 | 5.2127 | 5.2315 | 5.2431 | 5.2619 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9977 | 5.0583 | 5.1430 | 5.2036 | 5.2883 | 5.3489 | 5.4336 |
| Camarilla | 5.1878 | 5.2012 | 5.2145 | 5.2278 | 5.2411 | 5.2544 | 5.2678 |
| Woodie | 5.0099 | 5.0643 | 5.1552 | 5.2096 | 5.3005 | 5.3549 | 5.4458 |
| Fibonacci | 5.0583 | 5.1138 | 5.1481 | 5.2036 | 5.2591 | 5.2934 | 5.3489 |
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): | 58.85 | |
| MACD (12,26,9): | 0.0057 | |
| Directional Movement: | 6.3628 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 5.2669 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.2719 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 5.2472 | |
| Zig ZAG (10): | 5.2617 | |
| VORTEX (21): | 1.2969 | |
| Stochastique (14,3,5): | 6.69 | |
| TEMA (21): | 5.2660 | |
| Williams %R (14): | -90.65 | |
| Chande Momentum Oscillator (20): | -0.0076 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0219 | |
| Courbe Coppock: | 0.06 |
| MA7: | 5.2282 | |
| MA20: | 5.2151 | |
| MA50: | 5.1898 | |
| MA100: | 5.1974 | |
| MAexp7: | 5.2617 | |
| MAexp20: | 5.2583 | |
| MAexp50: | 5.2462 | |
| MAexp100: | 5.2351 | |
| Price / MA7: | +0.71% | |
| Price / MA20: | +0.96% | |
| Price / MA50: | +1.45% | |
| Price / MA100: | +1.31% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.36% | |
| Price / MAexp100: | +0.58% |
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.
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