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:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
17%
61%
22%
My opinion
Bearish under 2.5739 PLN
My targets
2.5486 PLN (-0.0128)
2.5375 PLN (-0.0239)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for NZD/PLN as long as the price remains well below 2.5739 PLN. The next bearish objective for sellers is set at 2.5486 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.5375 PLN. In case of crossing, the next objective would be the support located at 2.5268 PLN. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 2.5486 PLN. With this support, against the trend traders who want to buy NZD/PLN on a buy signal from their trading strategy should not hesitate to act.
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
1.8
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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 2.5614 PLN. The price registered an increase of -0.54% on the session and was between 2.5564 PLN and 2.5875 PLN. This implies that the price is at +0.20% from its lowest and at -1.01% from its highest.2.5564
2.5875
2.5614
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel 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 | 2.5375 | 2.5486 | 2.5602 | 2.5614 | 2.5739 | 2.5794 | 2.6342 |
| Change (%) | -0.93% | -0.50% | -0.05% | - | +0.49% | +0.70% | +2.84% |
| Change | -0.0239 | -0.0128 | -0.0012 | - | +0.0125 | +0.0180 | +0.0728 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Minor |
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 | 2.5434 | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.52 | |
| MACD (12,26,9): | -0.0024 | |
| Directional Movement: | -6.6043 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 2.5664 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.5700 | |
| Elder Ray (13): | -0.0029 | |
| Super Trend (3,10): | 2.5794 | |
| Zig ZAG (10): | 2.5633 | |
| VORTEX (21): | 0.8663 | |
| Stochastique (14,3,5): | 21.95 | |
| TEMA (21): | 2.5614 | |
| Williams %R (14): | -72.76 | |
| Chande Momentum Oscillator (20): | -0.0137 | |
| Repulse (5,40,3): | -0.1242 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0034 | |
| Courbe Coppock: | 1.04 |
| MA7: | 2.5436 | |
| MA20: | 2.5279 | |
| MA50: | 2.4807 | |
| MA100: | 2.5008 | |
| MAexp7: | 2.5630 | |
| MAexp20: | 2.5683 | |
| MAexp50: | 2.5657 | |
| MAexp100: | 2.5574 | |
| Price / MA7: | +0.70% | |
| Price / MA20: | +1.33% | |
| Price / MA50: | +3.25% | |
| Price / MA100: | +2.42% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | +0.16% |
This member declared not having a position on this financial instrument or a related financial instrument.
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