GBP/PLN - 1H - Technical analysis published on 02/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 5.0344 PLN
My targets
5.0563 PLN (+0.0109)
5.0736 PLN (+0.0282)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 5.0344 PLN remains possible. It is advisable to trade GBP/PLN with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 5.0344 PLN. The next bullish objective for buyers is set at 5.0563 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.0736 PLN. If there is any crossing, the next objective would be the resistance located at 5.0837 PLN. PS: if there is a bearish break in the support located at 5.0344 PLN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
1.6
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Additional analysis
Quotes
The GBP/PLN rating is 5.0454 PLN. The price registered a decrease of -0.01% on the session with the lowest point at 5.0362 PLN and the highest point at 5.0545 PLN. The deviation from the price is +0.18% for the low point and -0.18% for the high point.5.0362
5.0545
5.0454
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/PLN in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 5.0199 | 5.0276 | 5.0344 | 5.0454 | 5.0472 | 5.0563 | 5.0736 |
| Change (%) | -0.51% | -0.35% | -0.22% | - | +0.04% | +0.22% | +0.56% |
| Change | -0.0255 | -0.0178 | -0.0110 | - | +0.0018 | +0.0109 | +0.0282 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9973 | 5.0086 | 5.0273 | 5.0386 | 5.0573 | 5.0686 | 5.0873 |
| Camarilla | 5.0378 | 5.0405 | 5.0433 | 5.0460 | 5.0488 | 5.0515 | 5.0543 |
| Woodie | 5.0010 | 5.0105 | 5.0310 | 5.0405 | 5.0610 | 5.0705 | 5.0910 |
| Fibonacci | 5.0086 | 5.0201 | 5.0271 | 5.0386 | 5.0501 | 5.0571 | 5.0686 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9635 | 4.9955 | 5.0196 | 5.0516 | 5.0757 | 5.1077 | 5.1318 |
| Camarilla | 5.0282 | 5.0333 | 5.0385 | 5.0436 | 5.0487 | 5.0539 | 5.0590 |
| Woodie | 4.9595 | 4.9935 | 5.0156 | 5.0496 | 5.0717 | 5.1057 | 5.1278 |
| Fibonacci | 4.9955 | 5.0170 | 5.0302 | 5.0516 | 5.0731 | 5.0863 | 5.1077 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8669 | 4.9347 | 5.0081 | 5.0759 | 5.1493 | 5.2171 | 5.2905 |
| Camarilla | 5.0426 | 5.0555 | 5.0685 | 5.0814 | 5.0943 | 5.1073 | 5.1202 |
| Woodie | 4.8696 | 4.9361 | 5.0108 | 5.0773 | 5.1520 | 5.2185 | 5.2932 |
| Fibonacci | 4.9347 | 4.9887 | 5.0220 | 5.0759 | 5.1299 | 5.1632 | 5.2171 |
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): | 49.65 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 0.6513 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 5.0459 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.0377 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 5.0380 | |
| Zig ZAG (10): | 5.0441 | |
| VORTEX (21): | 0.9973 | |
| Stochastique (14,3,5): | 48.82 | |
| TEMA (21): | 5.0446 | |
| Williams %R (14): | -56.83 | |
| Chande Momentum Oscillator (20): | -0.0078 | |
| Repulse (5,40,3): | -0.0522 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0029 | |
| Courbe Coppock: | 0.23 |
| MA7: | 5.0441 | |
| MA20: | 5.0619 | |
| MA50: | 5.0625 | |
| MA100: | 5.0692 | |
| MAexp7: | 5.0447 | |
| MAexp20: | 5.0451 | |
| MAexp50: | 5.0435 | |
| MAexp100: | 5.0440 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | -0.33% | |
| Price / MA50: | -0.34% | |
| Price / MA100: | -0.47% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.03% |
Quotes :
-
Real time data
-
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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