GBP/PLN - 1H - Technical analysis published on 10/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 5.1363 PLN
My targets
5.1534 PLN (+0.0075)
5.1894 PLN (+0.0435)
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 5.1363 PLN. The next resistance located at 5.1534 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 5.1894 PLN. After this resistance, buyers could then target 5.4961 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
0
10
7.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/PLN rating is 5.1459 PLN. The price registered an increase of +0.00% on the session and was between 5.1434 PLN and 5.1488 PLN. This implies that the price is at +0.05% from its lowest and at -0.06% from its highest.5.1434
5.1488
5.1459
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/PLN in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.1120 | 5.1293 | 5.1363 | 5.1459 | 5.1534 | 5.1894 | 5.4961 |
| Change (%) | -0.66% | -0.32% | -0.19% | - | +0.15% | +0.85% | +6.81% |
| Change | -0.0339 | -0.0166 | -0.0096 | - | +0.0075 | +0.0435 | +0.3502 |
| Level | Major | Major | Intermediate | - | Intermediate | Intermediate | 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 | 5.0875 | 5.1021 | 5.1241 | 5.1387 | 5.1607 | 5.1753 | 5.1973 |
| Camarilla | 5.1359 | 5.1393 | 5.1427 | 5.1460 | 5.1494 | 5.1527 | 5.1561 |
| Woodie | 5.0911 | 5.1040 | 5.1277 | 5.1406 | 5.1643 | 5.1772 | 5.2009 |
| Fibonacci | 5.1021 | 5.1161 | 5.1248 | 5.1387 | 5.1527 | 5.1614 | 5.1753 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0476 | 5.0693 | 5.0956 | 5.1173 | 5.1436 | 5.1653 | 5.1916 |
| Camarilla | 5.1086 | 5.1130 | 5.1174 | 5.1218 | 5.1262 | 5.1306 | 5.1350 |
| Woodie | 5.0498 | 5.0705 | 5.0978 | 5.1185 | 5.1458 | 5.1665 | 5.1938 |
| Fibonacci | 5.0693 | 5.0877 | 5.0990 | 5.1173 | 5.1357 | 5.1470 | 5.1653 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9868 | 5.0216 | 5.0838 | 5.1186 | 5.1808 | 5.2156 | 5.2778 |
| Camarilla | 5.1193 | 5.1282 | 5.1371 | 5.1460 | 5.1549 | 5.1638 | 5.1727 |
| Woodie | 5.0005 | 5.0285 | 5.0975 | 5.1255 | 5.1945 | 5.2225 | 5.2915 |
| Fibonacci | 5.0216 | 5.0587 | 5.0816 | 5.1186 | 5.1557 | 5.1786 | 5.2156 |
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): | 60.44 | |
| MACD (12,26,9): | 0.0053 | |
| Directional Movement: | 9.1480 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 5.1472 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.1408 | |
| Elder Ray (13): | 0.0024 | |
| Super Trend (3,10): | 5.1290 | |
| Zig ZAG (10): | 5.1457 | |
| VORTEX (21): | 1.1868 | |
| Stochastique (14,3,5): | 76.94 | |
| TEMA (21): | 5.1495 | |
| Williams %R (14): | -28.62 | |
| Chande Momentum Oscillator (20): | -0.0029 | |
| Repulse (5,40,3): | -0.0035 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0147 | |
| Courbe Coppock: | 0.64 |
| MA7: | 5.1265 | |
| MA20: | 5.0937 | |
| MA50: | 5.0687 | |
| MA100: | 5.0674 | |
| MAexp7: | 5.1454 | |
| MAexp20: | 5.1404 | |
| MAexp50: | 5.1327 | |
| MAexp100: | 5.1249 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | +1.02% | |
| Price / MA50: | +1.52% | |
| Price / MA100: | +1.55% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.41% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on GBP/PLN at the time of the analysis were 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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