GBP/PLN - 1H - Technical analysis published on 11/05/2024 (GMT)
- 93
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Neutral
Technical indicators
83%
0%
17%
My opinion
Neutral between 5.1820 PLN and 5.2017 PLN
My targets
-
My analysis
The basic trend is neutral and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 5.2017 PLN. The first support is located at 5.1820 PLN. However, the chances of finding the first resistance before the first support are slightly higher. Without a basic trend, it is be important to monitor the price response at these levels. A bullish break in resistance or a bearish break in support could provide a signal that would set a new direction for the basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by GBP/PLN.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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:
Additional analysis
Quotes
GBP/PLN rating 5.1902 PLN. The price registered an increase of +0.00% on the session with the lowest point at 5.1873 PLN and the highest point at 5.1905 PLN. The deviation from the price is +0.06% for the low point and -0.01% for the high point.5.1873
5.1905
5.1902
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 LOW record (1st january)
Type : Bearish
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 not clearly defined. This indecision could turn into a bullish trend due to the slightly bullish signals currently 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 Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
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 | 5.1499 | 5.1597 | 5.1820 | 5.1902 | 5.1909 | 5.2017 | 5.2149 |
| Change (%) | -0.78% | -0.59% | -0.16% | - | +0.01% | +0.22% | +0.48% |
| Change | -0.0403 | -0.0305 | -0.0082 | - | +0.0007 | +0.0115 | +0.0247 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | 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 | 5.1128 | 5.1338 | 5.1621 | 5.1831 | 5.2114 | 5.2324 | 5.2607 |
| Camarilla | 5.1768 | 5.1814 | 5.1859 | 5.1904 | 5.1949 | 5.1994 | 5.2040 |
| Woodie | 5.1165 | 5.1356 | 5.1658 | 5.1849 | 5.2151 | 5.2342 | 5.2644 |
| Fibonacci | 5.1338 | 5.1526 | 5.1643 | 5.1831 | 5.2019 | 5.2136 | 5.2324 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0664 | 5.1081 | 5.1559 | 5.1976 | 5.2454 | 5.2871 | 5.3349 |
| Camarilla | 5.1790 | 5.1872 | 5.1954 | 5.2036 | 5.2118 | 5.2200 | 5.2282 |
| Woodie | 5.0694 | 5.1096 | 5.1589 | 5.1991 | 5.2484 | 5.2886 | 5.3379 |
| Fibonacci | 5.1081 | 5.1423 | 5.1634 | 5.1976 | 5.2318 | 5.2529 | 5.2871 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9618 | 5.0334 | 5.0961 | 5.1677 | 5.2304 | 5.3020 | 5.3647 |
| Camarilla | 5.1218 | 5.1341 | 5.1464 | 5.1587 | 5.1710 | 5.1833 | 5.1956 |
| Woodie | 4.9573 | 5.0312 | 5.0916 | 5.1655 | 5.2259 | 5.2998 | 5.3602 |
| Fibonacci | 5.0334 | 5.0847 | 5.1164 | 5.1677 | 5.2190 | 5.2507 | 5.3020 |
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): | 56.59 | |
| MACD (12,26,9): | 0.0015 | |
| Directional Movement: | 2.5850 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 5.1861 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.1753 | |
| Elder Ray (13): | 0.0036 | |
| Super Trend (3,10): | 5.1730 | |
| Zig ZAG (10): | 5.1902 | |
| VORTEX (21): | 0.9932 | |
| Stochastique (14,3,5): | 97.09 | |
| TEMA (21): | 5.1881 | |
| Williams %R (14): | -2.66 | |
| Chande Momentum Oscillator (20): | 0.0224 | |
| Repulse (5,40,3): | 0.0954 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0013 | |
| Courbe Coppock: | 0.61 |
| MA7: | 5.1964 | |
| MA20: | 5.1789 | |
| MA50: | 5.1322 | |
| MA100: | 5.0980 | |
| MAexp7: | 5.1881 | |
| MAexp20: | 5.1848 | |
| MAexp50: | 5.1852 | |
| MAexp100: | 5.1898 | |
| Price / MA7: | -0.12% | |
| Price / MA20: | +0.22% | |
| Price / MA50: | +1.13% | |
| Price / MA100: | +1.81% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.01% |
Quotes :
-
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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