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NZD/PLN
NZD PLN
- PLN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NZDPLN
ISIN:

NZD/PLN - 1H - Technical analysis published on 06/16/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 2.5324 PLN
My targets
2.5149 PLN (-0.0048)
2.4858 PLN (-0.0339)
My analysis
The bearish trend is currently very strong for NZD/PLN. As long as the price remains below the resistance at 2.5324 PLN, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.5149 PLN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.4858 PLN as an objective. Crossing it would then enable sellers to target 2.4322 PLN. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
6.8

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NZD/PLN price is 2.5197 PLN. The price is lower by -0.47% since the last closing and was traded between 2.5186 PLN and 2.5340 PLN over the period. The price is currently at +0.04% from its lowest and -0.56% from its highest.

2.5186
2.5340
2.5197

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

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:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days

Technical


A technical analysis in 1H of this NZD/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 market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Three black crows

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.4322 2.4858 2.5149 2.5197 2.5219 2.5324 2.5380
Change (%) -3.47% -1.35% -0.19% - +0.09% +0.50% +0.73%
Change -0.0875 -0.0339 -0.0048 - +0.0022 +0.0127 +0.0183
Level Minor Intermediate Major - Minor 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
Standard2.48352.50192.51682.53522.55012.56852.5834
Camarilla2.52252.52562.52872.53172.53482.53782.5409
Woodie2.48182.50102.51512.53432.54842.56762.5817
Fibonacci2.50192.51462.52252.53522.54792.55582.5685


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.48262.50732.52632.55102.57002.59472.6137
Camarilla2.53332.53732.54132.54532.54932.55332.5573
Woodie2.47982.50592.52352.54962.56722.59332.6109
Fibonacci2.50732.52402.53432.55102.56772.57802.5947


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.33162.40312.44462.51612.55762.62912.6706
Camarilla2.45512.46552.47582.48622.49662.50692.5173
Woodie2.31672.39562.42972.50862.54272.62162.6557
Fibonacci2.40312.44622.47292.51612.55922.58592.6291

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): 35.06
MACD (12,26,9): -0.0037
Directional Movement: -8.6821
AROON (14): -35.7142
DEMA (21): 2.5233
Parabolic SAR (0,02-0,02-0,2): 2.5332
Elder Ray (13): -0.0062
Super Trend (3,10): 2.5359
Zig ZAG (10): 2.5192
VORTEX (21): 0.8613
Stochastique (14,3,5): 8.12
TEMA (21): 2.5217
Williams %R (14): -97.40
Chande Momentum Oscillator (20): -0.0103
Repulse (5,40,3): -0.3036
ROCnROLL: 2
TRIX (15,9): -0.0190
Courbe Coppock: 0.72
MA7: 2.5444
MA20: 2.5243
MA50: 2.5266
MA100: 2.4983
MAexp7: 2.5247
MAexp20: 2.5294
MAexp50: 2.5352
MAexp100: 2.5401
Price / MA7: -0.97%
Price / MA20: -0.18%
Price / MA50: -0.27%
Price / MA100: +0.86%
Price / MAexp7: -0.20%
Price / MAexp20: -0.38%
Price / MAexp50: -0.61%
Price / MAexp100: -0.80%

Quotes : 2020-06-16 06:37:50 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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