GBP/PLN - 1H - Technical analysis published on 09/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 5.0892 PLN
My targets
5.0678 PLN (-0.0125)
5.0582 PLN (-0.0221)
My analysis
The basic trend is bearish on GBP/PLN and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 5.0892 PLN. Buyers would then use the next resistance located at 5.1014 PLN as an objective. Crossing it would then enable buyers to target 5.1169 PLN. If there is a return to below the support located at 5.0678 PLN, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 5.0582 PLN and 5.0407 PLN by extension.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
1.1
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Additional analysis
Quotes
The GBP/PLN rating is 5.0803 PLN. The price registered a decrease of -0.01% on the session and was traded between 5.0687 PLN and 5.0827 PLN over the period. The price is currently at +0.23% from its lowest and -0.05% from its highest.5.0687
5.0827
5.0803
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
Technical analysis of this 1H chart of GBP/PLN indicates that the overall trend is bearish. The signals given by moving averages are at 64.29% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
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.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.0407 | 5.0582 | 5.0678 | 5.0803 | 5.0814 | 5.0892 | 5.1014 |
| Change (%) | -0.78% | -0.44% | -0.25% | - | +0.02% | +0.18% | +0.42% |
| Change | -0.0396 | -0.0221 | -0.0125 | - | +0.0011 | +0.0089 | +0.0211 |
| Level | Minor | Major | Major | - | Minor | Major | Major |
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 | 5.0480 | 5.0579 | 5.0694 | 5.0793 | 5.0908 | 5.1007 | 5.1122 |
| Camarilla | 5.0749 | 5.0769 | 5.0788 | 5.0808 | 5.0828 | 5.0847 | 5.0867 |
| Woodie | 5.0487 | 5.0583 | 5.0701 | 5.0797 | 5.0915 | 5.1011 | 5.1129 |
| Fibonacci | 5.0579 | 5.0661 | 5.0712 | 5.0793 | 5.0875 | 5.0926 | 5.1007 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9581 | 4.9958 | 5.0416 | 5.0793 | 5.1251 | 5.1628 | 5.2086 |
| Camarilla | 5.0645 | 5.0722 | 5.0799 | 5.0875 | 5.0952 | 5.1028 | 5.1105 |
| Woodie | 4.9623 | 4.9978 | 5.0458 | 5.0813 | 5.1293 | 5.1648 | 5.2128 |
| Fibonacci | 4.9958 | 5.0277 | 5.0474 | 5.0793 | 5.1112 | 5.1309 | 5.1628 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8811 | 4.9342 | 5.0108 | 5.0639 | 5.1405 | 5.1936 | 5.2702 |
| Camarilla | 5.0518 | 5.0637 | 5.0756 | 5.0875 | 5.0994 | 5.1113 | 5.1232 |
| Woodie | 4.8930 | 4.9401 | 5.0227 | 5.0698 | 5.1524 | 5.1995 | 5.2821 |
| Fibonacci | 4.9342 | 4.9837 | 5.0143 | 5.0639 | 5.1134 | 5.1440 | 5.1936 |
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): | 46.56 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -7.5401 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 5.0782 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.0830 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 5.0689 | |
| Zig ZAG (10): | 5.0773 | |
| VORTEX (21): | 0.9482 | |
| Stochastique (14,3,5): | 35.00 | |
| TEMA (21): | 5.0781 | |
| Williams %R (14): | -51.74 | |
| Chande Momentum Oscillator (20): | -0.0062 | |
| Repulse (5,40,3): | 0.0274 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0019 | |
| Courbe Coppock: | 0.13 |
| MA7: | 5.0835 | |
| MA20: | 5.0464 | |
| MA50: | 5.0616 | |
| MA100: | 5.0543 | |
| MAexp7: | 5.0776 | |
| MAexp20: | 5.0781 | |
| MAexp50: | 5.0787 | |
| MAexp100: | 5.0790 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | +0.67% | |
| Price / MA50: | +0.37% | |
| Price / MA100: | +0.51% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.03% |
Quotes :
-
Real time data
-
Forex
News
The last news published on GBP/PLN at the time of the generation of this analysis was as follows:
GBP/PLN Forecast May 31, 2024This 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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