NZD/PLN - Daily - Technical analysis published on 04/03/2020 (GMT)
- Who voted?
- 244
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 2.4322 PLN
My targets
2.5088 PLN (+0.0233)
2.5305 PLN (+0.0450)
My analysis
NZD/PLN is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 2.4322 PLN, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 2.5088 PLN. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 2.5305 PLN would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 2.5602 PLN. Beware of a possible return to under the support located at 2.4322 PLN which would be the sign of a correction of the bullish excesses registered in the short term.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
5.5
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/PLN rating is 2.4855 PLN. The price has increased by -0.19% since the last closing with the lowest point at 2.4754 PLN and the highest point at 2.5004 PLN. The deviation from the price is +0.41% for the low point and -0.60% for the high point.2.4754
2.5004
2.4855
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of NZD/PLN indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 2.3846 | 2.4083 | 2.4322 | 2.4855 | 2.4873 | 2.5088 | 2.5305 |
| Change (%) | -4.06% | -3.11% | -2.14% | - | +0.07% | +0.94% | +1.81% |
| Change | -0.1009 | -0.0772 | -0.0533 | - | +0.0018 | +0.0233 | +0.0450 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | Intermediate |
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 | 2.4505 | 2.4629 | 2.4766 | 2.4890 | 2.5027 | 2.5151 | 2.5288 |
| Camarilla | 2.4830 | 2.4854 | 2.4878 | 2.4902 | 2.4926 | 2.4950 | 2.4974 |
| Woodie | 2.4511 | 2.4632 | 2.4772 | 2.4893 | 2.5033 | 2.5154 | 2.5294 |
| Fibonacci | 2.4629 | 2.4729 | 2.4791 | 2.4890 | 2.4990 | 2.5052 | 2.5151 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.2365 | 2.2998 | 2.3779 | 2.4412 | 2.5193 | 2.5826 | 2.6607 |
| Camarilla | 2.4172 | 2.4302 | 2.4431 | 2.4561 | 2.4691 | 2.4820 | 2.4950 |
| Woodie | 2.2440 | 2.3035 | 2.3854 | 2.4449 | 2.5268 | 2.5863 | 2.6682 |
| Fibonacci | 2.2998 | 2.3538 | 2.3872 | 2.4412 | 2.4952 | 2.5286 | 2.5826 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.0730 | 2.1677 | 2.3149 | 2.4096 | 2.5568 | 2.6515 | 2.7987 |
| Camarilla | 2.3955 | 2.4177 | 2.4398 | 2.4620 | 2.4842 | 2.5064 | 2.5285 |
| Woodie | 2.0992 | 2.1808 | 2.3411 | 2.4227 | 2.5830 | 2.6646 | 2.8249 |
| Fibonacci | 2.1677 | 2.2601 | 2.3172 | 2.4096 | 2.5020 | 2.5591 | 2.6515 |
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): | 55.84 | |
| MACD (12,26,9): | 0.0066 | |
| Directional Movement: | -4.3640 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 2.4579 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.3031 | |
| Elder Ray (13): | 0.0269 | |
| Super Trend (3,10): | 2.3229 | |
| Zig ZAG (10): | 2.4866 | |
| VORTEX (21): | 1.0446 | |
| Stochastique (14,3,5): | 92.76 | |
| TEMA (21): | 2.4787 | |
| Williams %R (14): | -7.75 | |
| Chande Momentum Oscillator (20): | 0.1440 | |
| Repulse (5,40,3): | 0.7100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0311 | |
| Courbe Coppock: | 6.20 |
| MA7: | 2.4728 | |
| MA20: | 2.4344 | |
| MA50: | 2.4717 | |
| MA100: | 2.4989 | |
| MAexp7: | 2.4746 | |
| MAexp20: | 2.4557 | |
| MAexp50: | 2.4668 | |
| MAexp100: | 2.4825 | |
| Price / MA7: | +0.51% | |
| Price / MA20: | +2.10% | |
| Price / MA50: | +0.56% | |
| Price / MA100: | -0.54% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | +1.21% | |
| Price / MAexp50: | +0.76% | |
| Price / MAexp100: | +0.12% |
This 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 NZD/PLN - Daily