GBP/PLN - 1H - Technical analysis published on 05/30/2024 (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:
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
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
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:
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:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
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 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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9660 | 4.9802 | 5.0070 | 5.0212 | 5.0480 | 5.0622 | 5.0890 |
| Camarilla | 5.0224 | 5.0262 | 5.0299 | 5.0337 | 5.0375 | 5.0412 | 5.0450 |
| Woodie | 4.9722 | 4.9834 | 5.0132 | 5.0244 | 5.0542 | 5.0654 | 5.0952 |
| Fibonacci | 4.9802 | 4.9959 | 5.0056 | 5.0212 | 5.0369 | 5.0466 | 5.0622 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9070 | 4.9369 | 4.9648 | 4.9947 | 5.0226 | 5.0525 | 5.0804 |
| Camarilla | 4.9769 | 4.9822 | 4.9875 | 4.9928 | 4.9981 | 5.0034 | 5.0087 |
| Woodie | 4.9061 | 4.9364 | 4.9639 | 4.9942 | 5.0217 | 5.0520 | 5.0795 |
| Fibonacci | 4.9369 | 4.9590 | 4.9726 | 4.9947 | 5.0168 | 5.0304 | 5.0525 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8174 | 4.8875 | 4.9800 | 5.0501 | 5.1426 | 5.2127 | 5.3052 |
| Camarilla | 5.0277 | 5.0426 | 5.0575 | 5.0724 | 5.0873 | 5.1022 | 5.1171 |
| Woodie | 4.8285 | 4.8931 | 4.9911 | 5.0557 | 5.1537 | 5.2183 | 5.3163 |
| Fibonacci | 4.8875 | 4.9497 | 4.9880 | 5.0501 | 5.1123 | 5.1506 | 5.2127 |
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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