NZD/PLN - 1H - Technical analysis published on 12/16/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 2.5306 PLN
My targets
2.5232 PLN (-0.0026)
2.5182 PLN (-0.0076)
My analysis
NZD/PLN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.5306 PLN. The next support located at 2.5232 PLN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2.5182 PLN. Below this support, sellers could then target 2.5133 PLN. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
7.7
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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 2.5258 PLN. The price registered a decrease of -0.22% on the session and was traded between 2.5234 PLN and 2.5396 PLN over the period. The price is currently at +0.10% from its lowest and -0.54% from its highest.2.5234
2.5396
2.5258
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Technical
A technical analysis in 1H of this NZD/PLN chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.5133 | 2.5182 | 2.5232 | 2.5258 | 2.5306 | 2.5346 | 2.5430 |
| Change (%) | -0.49% | -0.30% | -0.10% | - | +0.19% | +0.35% | +0.68% |
| Change | -0.0125 | -0.0076 | -0.0026 | - | +0.0048 | +0.0088 | +0.0172 |
| Level | Intermediate | Minor | Major | - | Minor | Major | 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 | 2.4964 | 2.5087 | 2.5200 | 2.5323 | 2.5436 | 2.5559 | 2.5672 |
| Camarilla | 2.5248 | 2.5270 | 2.5291 | 2.5313 | 2.5335 | 2.5356 | 2.5378 |
| Woodie | 2.4959 | 2.5085 | 2.5195 | 2.5321 | 2.5431 | 2.5557 | 2.5667 |
| Fibonacci | 2.5087 | 2.5177 | 2.5233 | 2.5323 | 2.5413 | 2.5469 | 2.5559 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4960 | 2.5085 | 2.5199 | 2.5324 | 2.5438 | 2.5563 | 2.5677 |
| Camarilla | 2.5247 | 2.5269 | 2.5291 | 2.5313 | 2.5335 | 2.5357 | 2.5379 |
| Woodie | 2.4955 | 2.5082 | 2.5194 | 2.5321 | 2.5433 | 2.5560 | 2.5672 |
| Fibonacci | 2.5085 | 2.5176 | 2.5233 | 2.5324 | 2.5415 | 2.5472 | 2.5563 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.3730 | 2.4078 | 2.4616 | 2.4964 | 2.5502 | 2.5850 | 2.6388 |
| Camarilla | 2.4911 | 2.4993 | 2.5074 | 2.5155 | 2.5236 | 2.5317 | 2.5399 |
| Woodie | 2.3826 | 2.4126 | 2.4712 | 2.5012 | 2.5598 | 2.5898 | 2.6484 |
| Fibonacci | 2.4078 | 2.4416 | 2.4625 | 2.4964 | 2.5302 | 2.5511 | 2.5850 |
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): | 38.39 | |
| MACD (12,26,9): | -0.0016 | |
| Directional Movement: | -15.9299 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 2.5285 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.5361 | |
| Elder Ray (13): | -0.0042 | |
| Super Trend (3,10): | 2.5370 | |
| Zig ZAG (10): | 2.5268 | |
| VORTEX (21): | 0.9021 | |
| Stochastique (14,3,5): | 15.18 | |
| TEMA (21): | 2.5276 | |
| Williams %R (14): | -76.19 | |
| Chande Momentum Oscillator (20): | -0.0082 | |
| Repulse (5,40,3): | -0.0815 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0061 | |
| Courbe Coppock: | 0.48 |
| MA7: | 2.5337 | |
| MA20: | 2.5168 | |
| MA50: | 2.4827 | |
| MA100: | 2.4962 | |
| MAexp7: | 2.5279 | |
| MAexp20: | 2.5303 | |
| MAexp50: | 2.5321 | |
| MAexp100: | 2.5324 | |
| Price / MA7: | -0.31% | |
| Price / MA20: | +0.36% | |
| Price / MA50: | +1.74% | |
| Price / MA100: | +1.19% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -0.26% |
This member declared not having a position on this financial instrument or a related financial instrument.
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