NZD/PLN - 1H - Technical analysis published on 05/26/2020 (GMT)
- Who voted?
- 208
- 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 : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bearish
Technical indicators
39%
11%
50%
My opinion
Bearish under 2.5301 PLN
My targets
2.5209 PLN (-0.0031)
2.5146 PLN (-0.0094)
My analysis
In a bearish trend, the price of NZD/PLN tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 2.5301 PLN. A bearish break in the support located at 2.5209 PLN would revive the bearish momentum and fuel the basic trend. Then the price could move towards 2.5146 PLN. Then 2.5099 PLN by extension. It would be safer to wait for a bearish break in the support located at 2.5209 PLN before allowing yourself to re trade short positions (for sale) on NZD/PLN. PS: if there is a bullish break in the resistance located at 2.5301 PLN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
1.3
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 price is 2.5240 PLN. The price is lower by +0.08% since the last closing with the lowest point at 2.5186 PLN and the highest point at 2.5267 PLN. The deviation from the price is +0.21% for the low point and -0.11% for the high point.2.5186
2.5267
2.5240
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of NZD/PLN in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 | 2.5099 | 2.5146 | 2.5209 | 2.5240 | 2.5301 | 2.5342 | 2.5391 |
| Change (%) | -0.56% | -0.37% | -0.12% | - | +0.24% | +0.40% | +0.60% |
| Change | -0.0141 | -0.0094 | -0.0031 | - | +0.0061 | +0.0102 | +0.0151 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4979 | 2.5063 | 2.5141 | 2.5225 | 2.5303 | 2.5387 | 2.5465 |
| Camarilla | 2.5175 | 2.5190 | 2.5205 | 2.5220 | 2.5235 | 2.5250 | 2.5265 |
| Woodie | 2.4977 | 2.5062 | 2.5139 | 2.5224 | 2.5301 | 2.5386 | 2.5463 |
| Fibonacci | 2.5063 | 2.5125 | 2.5163 | 2.5225 | 2.5287 | 2.5325 | 2.5387 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4559 | 2.4784 | 2.5016 | 2.5241 | 2.5473 | 2.5698 | 2.5930 |
| Camarilla | 2.5121 | 2.5163 | 2.5205 | 2.5247 | 2.5289 | 2.5331 | 2.5373 |
| Woodie | 2.4562 | 2.4786 | 2.5019 | 2.5243 | 2.5476 | 2.5700 | 2.5933 |
| Fibonacci | 2.4784 | 2.4959 | 2.5067 | 2.5241 | 2.5416 | 2.5524 | 2.5698 |
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): | 51.06 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -3.2843 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 2.5226 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.5165 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 2.5168 | |
| Zig ZAG (10): | 2.5223 | |
| VORTEX (21): | 0.9745 | |
| Stochastique (14,3,5): | 71.04 | |
| TEMA (21): | 2.5232 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | 0.0020 | |
| Repulse (5,40,3): | -0.0088 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0033 | |
| Courbe Coppock: | 0.20 |
| MA7: | 2.5272 | |
| MA20: | 2.5363 | |
| MA50: | 2.5071 | |
| MA100: | 2.4989 | |
| MAexp7: | 2.5233 | |
| MAexp20: | 2.5227 | |
| MAexp50: | 2.5239 | |
| MAexp100: | 2.5258 | |
| Price / MA7: | -0.13% | |
| Price / MA20: | -0.48% | |
| Price / MA50: | +0.67% | |
| Price / MA100: | +1.00% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | -0.08% |
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 - 1H