GBP/PLN - 1H - Technical analysis published on 12/06/2024 (GMT)
- 94
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 5.1594 PLN
My targets
5.1348 PLN (-0.0158)
5.1120 PLN (-0.0386)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 5.1594 PLN remains possible. It is advisable to trade GBP/PLN with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 5.1594 PLN. The next bearish objective for sellers is set at 5.1348 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.1120 PLN. In case of crossing, the next objective would be the support located at 5.0595 PLN. PS: if there is a bullish break in the resistance located at 5.1594 PLN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.3
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
The GBP/PLN price is 5.1506 PLN. On the day, this instrument gained +0.16% with the lowest point at 5.1409 PLN and the highest point at 5.1527 PLN. The deviation from the price is +0.19% for the low point and -0.04% for the high point.5.1409
5.1527
5.1506
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/PLN in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
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 | 5.1120 | 5.1348 | 5.1465 | 5.1506 | 5.1594 | 5.1724 | 5.1820 |
| Change (%) | -0.75% | -0.31% | -0.08% | - | +0.17% | +0.42% | +0.61% |
| Change | -0.0386 | -0.0158 | -0.0041 | - | +0.0088 | +0.0218 | +0.0314 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | Major |
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 | 5.0895 | 5.1121 | 5.1272 | 5.1498 | 5.1649 | 5.1875 | 5.2026 |
| Camarilla | 5.1318 | 5.1353 | 5.1387 | 5.1422 | 5.1457 | 5.1491 | 5.1526 |
| Woodie | 5.0857 | 5.1102 | 5.1234 | 5.1479 | 5.1611 | 5.1856 | 5.1988 |
| Fibonacci | 5.1121 | 5.1265 | 5.1354 | 5.1498 | 5.1642 | 5.1731 | 5.1875 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0700 | 5.1082 | 5.1424 | 5.1806 | 5.2148 | 5.2530 | 5.2872 |
| Camarilla | 5.1566 | 5.1632 | 5.1699 | 5.1765 | 5.1831 | 5.1898 | 5.1964 |
| Woodie | 5.0679 | 5.1072 | 5.1403 | 5.1796 | 5.2127 | 5.2520 | 5.2851 |
| Fibonacci | 5.1082 | 5.1359 | 5.1530 | 5.1806 | 5.2083 | 5.2254 | 5.2530 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9977 | 5.0721 | 5.1243 | 5.1987 | 5.2509 | 5.3253 | 5.3775 |
| Camarilla | 5.1417 | 5.1533 | 5.1649 | 5.1765 | 5.1881 | 5.1997 | 5.2113 |
| Woodie | 4.9866 | 5.0666 | 5.1132 | 5.1932 | 5.2398 | 5.3198 | 5.3664 |
| Fibonacci | 5.0721 | 5.1205 | 5.1503 | 5.1987 | 5.2471 | 5.2769 | 5.3253 |
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): | 44.86 | |
| MACD (12,26,9): | -0.0044 | |
| Directional Movement: | -1.9719 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 5.1417 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.1353 | |
| Elder Ray (13): | 0.0012 | |
| Super Trend (3,10): | 5.1580 | |
| Zig ZAG (10): | 5.1455 | |
| VORTEX (21): | 0.8966 | |
| Stochastique (14,3,5): | 62.70 | |
| TEMA (21): | 5.1421 | |
| Williams %R (14): | -32.35 | |
| Chande Momentum Oscillator (20): | 0.0055 | |
| Repulse (5,40,3): | 0.0576 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0166 | |
| Courbe Coppock: | 0.13 |
| MA7: | 5.1656 | |
| MA20: | 5.1867 | |
| MA50: | 5.1793 | |
| MA100: | 5.1227 | |
| MAexp7: | 5.1455 | |
| MAexp20: | 5.1483 | |
| MAexp50: | 5.1568 | |
| MAexp100: | 5.1640 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | -0.70% | |
| Price / MA50: | -0.55% | |
| Price / MA100: | +0.54% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.26% |
Quotes :
-
Real time data
-
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
Online
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…
Add a comment
Comments
0 comments on the analysis GBP/PLN - 1H