GBP/PLN
GBP PLN
- PLN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: GBPPLN
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GBP/PLN - 1H - Technical analysis published on 05/30/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 5.0245 PLN
My targets
5.0573 PLN (+0.0237)
5.0804 PLN (+0.0468)
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 5.0245 PLN. The buyers' bullish objective is set at 5.0573 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.0804 PLN. If there is any crossing, the next objective would be the resistance located at 5.1293 PLN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4

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:
15 min. Daily Weekly

Additional analysis

Quotes

GBP/PLN rating 5.0336 PLN. The price registered an increase of +0.00% on the session with the lowest point at 5.0328 PLN and the highest point at 5.0343 PLN. The deviation from the price is +0.02% for the low point and -0.01% for the high point.

5.0328
5.0343
5.0336

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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


Technical analysis of this 1H chart of GBP/PLN indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5.0069 5.0146 5.0245 5.0336 5.0573 5.1293 5.2949
Change (%) -0.53% -0.38% -0.18% - +0.47% +1.90% +5.19%
Change -0.0267 -0.0190 -0.0091 - +0.0237 +0.0957 +0.2613
Level Minor Intermediate Intermediate - Major 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
Standard4.96604.98025.00705.02125.04805.06225.0890
Camarilla5.02245.02625.02995.03375.03755.04125.0450
Woodie4.97224.98345.01325.02445.05425.06545.0952
Fibonacci4.98024.99595.00565.02125.03695.04665.0622


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.90704.93694.96484.99475.02265.05255.0804
Camarilla4.97694.98224.98754.99284.99815.00345.0087
Woodie4.90614.93644.96394.99425.02175.05205.0795
Fibonacci4.93694.95904.97264.99475.01685.03045.0525


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.81744.88754.98005.05015.14265.21275.3052
Camarilla5.02775.04265.05755.07245.08735.10225.1171
Woodie4.82854.89314.99115.05575.15375.21835.3163
Fibonacci4.88754.94974.98805.05015.11235.15065.2127

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): 75.70
MACD (12,26,9): 0.0084
Directional Movement: 23.8488
AROON (14): 42.8571
DEMA (21): 5.0329
Parabolic SAR (0,02-0,02-0,2): 5.0234
Elder Ray (13): 0.0063
Super Trend (3,10): 5.0175
Zig ZAG (10): 5.0331
VORTEX (21): 1.2424
Stochastique (14,3,5): 93.96
TEMA (21): 5.0377
Williams %R (14): -7.02
Chande Momentum Oscillator (20): 0.0198
Repulse (5,40,3): 0.0504
ROCnROLL: 1
TRIX (15,9): 0.0214
Courbe Coppock: 1.09
MA7: 5.0133
MA20: 4.9991
MA50: 5.0164
MA100: 5.0412
MAexp7: 5.0315
MAexp20: 5.0226
MAexp50: 5.0127
MAexp100: 5.0065
Price / MA7: +0.40%
Price / MA20: +0.69%
Price / MA50: +0.34%
Price / MA100: -0.15%
Price / MAexp7: +0.04%
Price / MAexp20: +0.22%
Price / MAexp50: +0.42%
Price / MAexp100: +0.54%

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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