GBP/PLN - 1H - Technical analysis published on 01/13/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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 4.9776 PLN
My targets
4.9010 PLN (-0.0406)
4.8401 PLN (-0.1015)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/PLN as long as the price remains well below 4.9776 PLN. The sellers” bearish objective is set at 4.9010 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.8401 PLN. In case of crossing, the next objective would be the support located at 4.7317 PLN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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 4.9416 PLN. The price registered a decrease of -0.70% on the session with the lowest point at 4.9398 PLN and the highest point at 4.9737 PLN. The deviation from the price is +0.04% for the low point and -0.65% for the high point.4.9398
4.9737
4.9416
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/PLN:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/PLN chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
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 : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 4.6441 | 4.7317 | 4.8401 | 4.9416 | 4.9776 | 4.9874 | 5.0096 |
| Change (%) | -6.02% | -4.25% | -2.05% | - | +0.73% | +0.93% | +1.38% |
| Change | -0.2975 | -0.2099 | -0.1015 | - | +0.0360 | +0.0458 | +0.0680 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9186 | 4.9434 | 4.9599 | 4.9847 | 5.0012 | 5.0260 | 5.0425 |
| Camarilla | 4.9649 | 4.9687 | 4.9725 | 4.9763 | 4.9801 | 4.9839 | 4.9877 |
| Woodie | 4.9144 | 4.9413 | 4.9557 | 4.9826 | 4.9970 | 5.0239 | 5.0383 |
| Fibonacci | 4.9434 | 4.9592 | 4.9690 | 4.9847 | 5.0005 | 5.0103 | 5.0260 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9010 | 4.9343 | 4.9553 | 4.9886 | 5.0096 | 5.0429 | 5.0639 |
| Camarilla | 4.9614 | 4.9663 | 4.9713 | 4.9763 | 4.9813 | 4.9863 | 4.9912 |
| Woodie | 4.8949 | 4.9312 | 4.9492 | 4.9855 | 5.0035 | 5.0398 | 5.0578 |
| Fibonacci | 4.9343 | 4.9550 | 4.9679 | 4.9886 | 5.0093 | 5.0222 | 5.0429 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7222 | 4.8430 | 4.9372 | 5.0580 | 5.1522 | 5.2730 | 5.3672 |
| Camarilla | 4.9722 | 4.9919 | 5.0116 | 5.0313 | 5.0510 | 5.0707 | 5.0904 |
| Woodie | 4.7088 | 4.8364 | 4.9238 | 5.0514 | 5.1388 | 5.2664 | 5.3538 |
| Fibonacci | 4.8430 | 4.9252 | 4.9759 | 5.0580 | 5.1402 | 5.1909 | 5.2730 |
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): | 21.71 | |
| MACD (12,26,9): | -0.0096 | |
| Directional Movement: | -27.2448 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 4.9546 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.9598 | |
| Elder Ray (13): | -0.0134 | |
| Super Trend (3,10): | 4.9654 | |
| Zig ZAG (10): | 4.9479 | |
| VORTEX (21): | 0.5591 | |
| Stochastique (14,3,5): | 14.65 | |
| TEMA (21): | 4.9494 | |
| Williams %R (14): | -91.37 | |
| Chande Momentum Oscillator (20): | -0.0210 | |
| Repulse (5,40,3): | -0.0915 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0233 | |
| Courbe Coppock: | 0.72 |
| MA7: | 4.9789 | |
| MA20: | 4.9908 | |
| MA50: | 5.0152 | |
| MA100: | 4.9572 | |
| MAexp7: | 4.9540 | |
| MAexp20: | 4.9661 | |
| MAexp50: | 4.9777 | |
| MAexp100: | 4.9835 | |
| Price / MA7: | -0.75% | |
| Price / MA20: | -0.99% | |
| Price / MA50: | -1.47% | |
| Price / MA100: | -0.31% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | -0.49% | |
| Price / MAexp50: | -0.73% | |
| Price / MAexp100: | -0.84% |
This member declared not having a position on this financial instrument or a related financial instrument.
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