NZD/PLN - 1H - Technical analysis published on 03/05/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 2.7504 PLN
My targets
2.7618 PLN (+0.0081)
2.7867 PLN (+0.0330)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NZD/PLN as long as the price remains well above 2.7504 PLN. The buyers” bullish objective is set at 2.7618 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.7867 PLN. If there is any crossing, the next objective would be the resistance located at 2.8018 PLN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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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
NZD/PLN rating 2.7537 PLN. The price has increased by +0.64% since the last closing with the lowest point at 2.7316 PLN and the highest point at 2.7612 PLN. The deviation from the price is +0.81% for the low point and -0.27% for the high point.2.7316
2.7612
2.7537
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of NZD/PLN indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
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 triangle 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 | 2.7345 | 2.7410 | 2.7504 | 2.7537 | 2.7618 | 2.8018 | 3.0110 |
Change (%) | -0.70% | -0.46% | -0.12% | - | +0.29% | +1.75% | +9.34% |
Change | -0.0192 | -0.0127 | -0.0033 | - | +0.0081 | +0.0481 | +0.2573 |
Level | Minor | Intermediate | Intermediate | - | Major | Minor | Intermediate |
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 | 2.7020 | 2.7144 | 2.7254 | 2.7378 | 2.7488 | 2.7612 | 2.7722 |
Camarilla | 2.7299 | 2.7320 | 2.7342 | 2.7363 | 2.7385 | 2.7406 | 2.7427 |
Woodie | 2.7012 | 2.7141 | 2.7246 | 2.7375 | 2.7480 | 2.7609 | 2.7714 |
Fibonacci | 2.7144 | 2.7234 | 2.7289 | 2.7378 | 2.7468 | 2.7523 | 2.7612 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2.6198 | 2.6587 | 2.6838 | 2.7227 | 2.7478 | 2.7867 | 2.8118 |
Camarilla | 2.6914 | 2.6973 | 2.7031 | 2.7090 | 2.7149 | 2.7207 | 2.7266 |
Woodie | 2.6130 | 2.6553 | 2.6770 | 2.7193 | 2.7410 | 2.7833 | 2.8050 |
Fibonacci | 2.6587 | 2.6831 | 2.6982 | 2.7227 | 2.7471 | 2.7622 | 2.7867 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2.5488 | 2.6019 | 2.6554 | 2.7085 | 2.7620 | 2.8151 | 2.8686 |
Camarilla | 2.6797 | 2.6895 | 2.6992 | 2.7090 | 2.7188 | 2.7285 | 2.7383 |
Woodie | 2.5491 | 2.6020 | 2.6557 | 2.7086 | 2.7623 | 2.8152 | 2.8689 |
Fibonacci | 2.6019 | 2.6426 | 2.6678 | 2.7085 | 2.7492 | 2.7744 | 2.8151 |
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): | 62.62 | |
MACD (12,26,9): | 0.0025 | |
Directional Movement: | 22.7499 | |
AROON (14): | 100.0000 | |
DEMA (21): | 2.7453 | |
Parabolic SAR (0,02-0,02-0,2): | 2.7319 | |
Elder Ray (13): | 0.0153 | |
Super Trend (3,10): | 2.7390 | |
Zig ZAG (10): | 2.7592 | |
VORTEX (21): | 1.1541 | |
Stochastique (14,3,5): | 95.76 | |
TEMA (21): | 2.7481 | |
Williams %R (14): | -0.69 | |
Chande Momentum Oscillator (20): | 0.0232 | |
Repulse (5,40,3): | 0.7763 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0028 | |
Courbe Coppock: | 0.63 |
MA7: | 2.7350 | |
MA20: | 2.7067 | |
MA50: | 2.6885 | |
MA100: | 2.6436 | |
MAexp7: | 2.7483 | |
MAexp20: | 2.7419 | |
MAexp50: | 2.7393 | |
MAexp100: | 2.7365 | |
Price / MA7: | +0.68% | |
Price / MA20: | +1.74% | |
Price / MA50: | +2.43% | |
Price / MA100: | +4.16% | |
Price / MAexp7: | +0.20% | |
Price / MAexp20: | +0.43% | |
Price / MAexp50: | +0.53% | |
Price / MAexp100: | +0.63% |
Quotes :
2021-03-05 15:55:01
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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