GBP/PLN - 1H - Technical analysis published on 09/27/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 4.9431 PLN
My targets
4.9201 PLN (-0.23%)
4.9105 PLN (-0.42%)
My analysis
GBP/PLN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4.9431 PLN. The next support located at 4.9201 PLN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 4.9105 PLN. Below this support, sellers could then target 4.8833 PLN. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/PLN rating is 4.9313 PLN. The price registered a decrease of -0.39% on the session and was between 4.9224 PLN and 4.9582 PLN. This implies that the price is at +0.18% from its lowest and at -0.54% from its highest.4.9224
4.9582
4.9313
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/PLN in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.8833 | 4.9105 | 4.9201 | 4.9313 | 4.9431 | 4.9531 | 4.9621 |
| Change (%) | -0.97% | -0.42% | -0.23% | - | +0.24% | +0.44% | +0.62% |
| Change | -0.0480 | -0.0208 | -0.0112 | - | +0.0118 | +0.0218 | +0.0308 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9070 | 4.9203 | 4.9355 | 4.9488 | 4.9640 | 4.9773 | 4.9925 |
| Camarilla | 4.9430 | 4.9456 | 4.9482 | 4.9508 | 4.9534 | 4.9560 | 4.9586 |
| Woodie | 4.9081 | 4.9208 | 4.9366 | 4.9493 | 4.9651 | 4.9778 | 4.9936 |
| Fibonacci | 4.9203 | 4.9312 | 4.9379 | 4.9488 | 4.9597 | 4.9664 | 4.9773 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7670 | 4.8127 | 4.8817 | 4.9274 | 4.9964 | 5.0421 | 5.1111 |
| Camarilla | 4.9191 | 4.9296 | 4.9401 | 4.9506 | 4.9611 | 4.9716 | 4.9821 |
| Woodie | 4.7786 | 4.8185 | 4.8933 | 4.9332 | 5.0080 | 5.0479 | 5.1227 |
| Fibonacci | 4.8127 | 4.8566 | 4.8836 | 4.9274 | 4.9713 | 4.9983 | 5.0421 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4810 | 4.5592 | 4.7016 | 4.7798 | 4.9222 | 5.0004 | 5.1428 |
| Camarilla | 4.7834 | 4.8037 | 4.8239 | 4.8441 | 4.8643 | 4.8845 | 4.9048 |
| Woodie | 4.5132 | 4.5753 | 4.7338 | 4.7959 | 4.9544 | 5.0165 | 5.1750 |
| Fibonacci | 4.5592 | 4.6434 | 4.6955 | 4.7798 | 4.8640 | 4.9161 | 5.0004 |
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): | 39.08 | |
| MACD (12,26,9): | -0.0047 | |
| Directional Movement: | -11.0363 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 4.9370 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.9500 | |
| Elder Ray (13): | -0.0062 | |
| Super Trend (3,10): | 4.9563 | |
| Zig ZAG (10): | 4.9312 | |
| VORTEX (21): | 0.8390 | |
| Stochastique (14,3,5): | 28.98 | |
| TEMA (21): | 4.9338 | |
| Williams %R (14): | -79.05 | |
| Chande Momentum Oscillator (20): | -0.0203 | |
| Repulse (5,40,3): | -0.3648 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0079 | |
| Courbe Coppock: | 0.64 |
| MA7: | 4.9471 | |
| MA20: | 4.8838 | |
| MA50: | 4.8008 | |
| MA100: | 4.8018 | |
| MAexp7: | 4.9361 | |
| MAexp20: | 4.9409 | |
| MAexp50: | 4.9462 | |
| MAexp100: | 4.9463 | |
| Price / MA7: | -0.32% | |
| Price / MA20: | +0.97% | |
| Price / MA50: | +2.72% | |
| Price / MA100: | +2.70% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.30% |
This member declared not having a position on this financial instrument or a related financial instrument.
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