NZD/PLN - 1H - Technical analysis published on 05/11/2020 (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:
Neutral
De fond:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 2.5602 PLN
My targets
2.5794 PLN (+0.0071)
2.6007 PLN (+0.0284)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 2.5602 PLN remains possible. It is advisable to trade NZD/PLN with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 2.5602 PLN. The next bullish objective for buyers is set at 2.5794 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.6007 PLN. If there is any crossing, the next objective would be the resistance located at 2.6342 PLN. PS: if there is a bearish break in the support located at 2.5602 PLN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
2
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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 NZD/PLN rating is 2.5723 PLN. The price has increased by -0.11% since the last closing and was traded between 2.5680 PLN and 2.5875 PLN over the period. The price is currently at +0.17% from its lowest and -0.59% from its highest.2.5680
2.5875
2.5723
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/PLN:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of NZD/PLN indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 7 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 2.5375 | 2.5486 | 2.5602 | 2.5723 | 2.5739 | 2.5794 | 2.6342 |
| Change (%) | -1.35% | -0.92% | -0.47% | - | +0.06% | +0.28% | +2.41% |
| Change | -0.0348 | -0.0237 | -0.0121 | - | +0.0016 | +0.0071 | +0.0619 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Minor |
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 | 2.5434 | 2.5515 | 2.5633 | 2.5714 | 2.5832 | 2.5913 | 2.6031 |
| Camarilla | 2.5697 | 2.5716 | 2.5734 | 2.5752 | 2.5770 | 2.5789 | 2.5807 |
| Woodie | 2.5454 | 2.5524 | 2.5653 | 2.5723 | 2.5852 | 2.5922 | 2.6051 |
| Fibonacci | 2.5515 | 2.5591 | 2.5638 | 2.5714 | 2.5790 | 2.5837 | 2.5913 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4561 | 2.4816 | 2.5284 | 2.5539 | 2.6007 | 2.6262 | 2.6730 |
| Camarilla | 2.5553 | 2.5619 | 2.5686 | 2.5752 | 2.5818 | 2.5885 | 2.5951 |
| Woodie | 2.4668 | 2.4869 | 2.5391 | 2.5592 | 2.6114 | 2.6315 | 2.6837 |
| Fibonacci | 2.4816 | 2.5092 | 2.5263 | 2.5539 | 2.5815 | 2.5986 | 2.6262 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.3503 | 2.4017 | 2.4711 | 2.5225 | 2.5919 | 2.6433 | 2.7127 |
| Camarilla | 2.5073 | 2.5184 | 2.5294 | 2.5405 | 2.5516 | 2.5627 | 2.5737 |
| Woodie | 2.3593 | 2.4062 | 2.4801 | 2.5270 | 2.6009 | 2.6478 | 2.7217 |
| Fibonacci | 2.4017 | 2.4479 | 2.4764 | 2.5225 | 2.5687 | 2.5972 | 2.6433 |
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): | 45.98 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | -0.7170 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 2.5764 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.5847 | |
| Elder Ray (13): | -0.0053 | |
| Super Trend (3,10): | 2.5681 | |
| Zig ZAG (10): | 2.5682 | |
| VORTEX (21): | 0.8998 | |
| Stochastique (14,3,5): | 7.60 | |
| TEMA (21): | 2.5734 | |
| Williams %R (14): | -95.90 | |
| Chande Momentum Oscillator (20): | -0.0066 | |
| Repulse (5,40,3): | -0.2845 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0166 | |
| Courbe Coppock: | 0.10 |
| MA7: | 2.5451 | |
| MA20: | 2.5282 | |
| MA50: | 2.4808 | |
| MA100: | 2.5008 | |
| MAexp7: | 2.5737 | |
| MAexp20: | 2.5743 | |
| MAexp50: | 2.5664 | |
| MAexp100: | 2.5562 | |
| Price / MA7: | +1.07% | |
| Price / MA20: | +1.74% | |
| Price / MA50: | +3.69% | |
| Price / MA100: | +2.86% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.63% |
This member declared not having a position on this financial instrument or a related financial instrument.
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