NZD/PLN - 1H - Technical analysis published on 08/30/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 2.5113 PLN
My targets
2.5042 PLN (-0.02%)
2.4999 PLN (-0.19%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NZD/PLN as long as the price remains well below 2.5113 PLN. The next bearish objective for sellers is set at 2.5042 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.4999 PLN. If there is any crossing, the next objective would be the support located at 2.4872 PLN. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
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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 price is 2.5047 PLN. The price registered a decrease of -0.04% on the session and was traded between 2.4975 PLN and 2.5070 PLN over the period. The price is currently at +0.29% from its lowest and -0.09% from its highest.2.4975
2.5070
2.5047
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/PLN:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/PLN chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 6 are bullish, 4 are neutral and 8 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
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 | 2.4872 | 2.4999 | 2.5042 | 2.5047 | 2.5113 | 2.5153 | 2.5197 |
| Change (%) | -0.70% | -0.19% | -0.02% | - | +0.26% | +0.42% | +0.60% |
| Change | -0.0175 | -0.0048 | -0.0005 | - | +0.0066 | +0.0106 | +0.0150 |
| Level | Major | Major | Minor | - | Intermediate | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4809 | 2.4897 | 2.4977 | 2.5065 | 2.5145 | 2.5233 | 2.5313 |
| Camarilla | 2.5011 | 2.5026 | 2.5042 | 2.5057 | 2.5072 | 2.5088 | 2.5103 |
| Woodie | 2.4805 | 2.4895 | 2.4973 | 2.5063 | 2.5141 | 2.5231 | 2.5309 |
| Fibonacci | 2.4897 | 2.4961 | 2.5001 | 2.5065 | 2.5129 | 2.5169 | 2.5233 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4665 | 2.4831 | 2.4987 | 2.5153 | 2.5309 | 2.5475 | 2.5631 |
| Camarilla | 2.5053 | 2.5083 | 2.5113 | 2.5142 | 2.5172 | 2.5201 | 2.5231 |
| Woodie | 2.4659 | 2.4829 | 2.4981 | 2.5151 | 2.5303 | 2.5473 | 2.5625 |
| Fibonacci | 2.4831 | 2.4954 | 2.5030 | 2.5153 | 2.5276 | 2.5352 | 2.5475 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4268 | 2.4622 | 2.4995 | 2.5349 | 2.5722 | 2.6076 | 2.6449 |
| Camarilla | 2.5169 | 2.5236 | 2.5302 | 2.5369 | 2.5436 | 2.5502 | 2.5569 |
| Woodie | 2.4279 | 2.4627 | 2.5006 | 2.5354 | 2.5733 | 2.6081 | 2.6460 |
| Fibonacci | 2.4622 | 2.4899 | 2.5071 | 2.5349 | 2.5626 | 2.5798 | 2.6076 |
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): | 41.77 | |
| MACD (12,26,9): | -0.0016 | |
| Directional Movement: | -10.5264 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 2.5024 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.5059 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 2.5008 | |
| Zig ZAG (10): | 2.5030 | |
| VORTEX (21): | 0.9024 | |
| Stochastique (14,3,5): | 39.74 | |
| TEMA (21): | 2.5015 | |
| Williams %R (14): | -47.46 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | 0.1323 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0077 | |
| Courbe Coppock: | 0.50 |
| MA7: | 2.5095 | |
| MA20: | 2.5107 | |
| MA50: | 2.5219 | |
| MA100: | 2.5194 | |
| MAexp7: | 2.5027 | |
| MAexp20: | 2.5043 | |
| MAexp50: | 2.5062 | |
| MAexp100: | 2.5077 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | -0.24% | |
| Price / MA50: | -0.68% | |
| Price / MA100: | -0.58% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.12% |
This member declared not having a position on this financial instrument or a related financial instrument.
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