GBP/PLN

- PLN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	GBPPLN
ISIN:

GBP/PLN - Daily - Technical analysis published on 09/10/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 5.3290 PLN

My targets

5.4204 PLN (+0.0410)

5.4610 PLN (+0.0816)

My analysis

GBP/PLN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5.3290 PLN. The next resistance located at 5.4204 PLN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 5.4610 PLN. After this resistance, buyers could then target 5.4950 PLN. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

7.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/PLN price is 5.3794 PLN. The price is lower by -0.29% since the last closing with the lowest point at 5.3561 PLN and the highest point at 5.3950 PLN. The deviation from the price is +0.44% for the low point and -0.29% for the high point.

5.3561

5.3950

5.3794

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this GBP/PLN chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Horizontal support is broken

Type : Bearish

Timeframe : Daily

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 harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	5.1912	5.2454	5.3290	5.3794	5.3846	5.4204	5.4610
Change (%)	-3.50%	-2.49%	-0.94%	-	+0.10%	+0.76%	+1.52%
Change	-0.1882	-0.1340	-0.0504	-	+0.0052	+0.0410	+0.0816
Level	Minor	Major	Major	-	Minor	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	5.2635	5.2922	5.3436	5.3723	5.4237	5.4524	5.5038
Camarilla	5.3730	5.3803	5.3877	5.3950	5.4023	5.4097	5.4170
Woodie	5.2749	5.2979	5.3550	5.3780	5.4351	5.4581	5.5152
Fibonacci	5.2922	5.3228	5.3417	5.3723	5.4029	5.4218	5.4524

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 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):	73.68
MACD (12,26,9):	0.0396
Directional Movement:	27.8465
AROON (14):	42.8571
DEMA (21):	5.2973
Parabolic SAR (0,02-0,02-0,2):	5.2049
Elder Ray (13):	0.0997
Super Trend (3,10):	5.2422
Zig ZAG (10):	5.3794
VORTEX (21):	1.2695
Stochastique (14,3,5):	90.49
TEMA (21):	5.3280
Williams %R (14):	-9.95
Chande Momentum Oscillator (20):	0.1487
Repulse (5,40,3):	2.0108
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	3.01

MA7:	5.2924
MA20:	5.2435
MA50:	5.2002
MA100:	5.2014
MAexp7:	5.3120
MAexp20:	5.2531
MAexp50:	5.2197
MAexp100:	5.2254
Price / MA7:	+1.64%
Price / MA20:	+2.59%
Price / MA50:	+3.45%
Price / MA100:	+3.42%
Price / MAexp7:	+1.27%
Price / MAexp20:	+2.40%
Price / MAexp50:	+3.06%
Price / MAexp100:	+2.95%

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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Londinia AI

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