NZD/PLN - 1H - Technical analysis published on 01/29/2020 (GMT)
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- Timeframe : 1H
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- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 2.5394 PLN
My targets
2.5297 PLN (-0.0046)
2.5167 PLN (-0.0176)
My analysis
In the short term, we can see an acceleration in the bearish trend on NZD/PLN, which is a positive signal for sellers. As long as the price remains above 2.5394 PLN, a sale could be considered. The first bearish objective is located at 2.5297 PLN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.5167 PLN as an objective. Crossing it would then enable sellers to target 2.5124 PLN. If the price were to return above 2.5394 PLN, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
5
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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 rating is 2.5343 PLN. On the day, this instrument gained -0.01% with the lowest point at 2.5317 PLN and the highest point at 2.5401 PLN. The deviation from the price is +0.10% for the low point and -0.23% for the high point.2.5317
2.5401
2.5343
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 NZD/PLN in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 8 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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:
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 | 2.5124 | 2.5167 | 2.5297 | 2.5343 | 2.5394 | 2.5478 | 2.5522 |
| Change (%) | -0.86% | -0.69% | -0.18% | - | +0.20% | +0.53% | +0.71% |
| Change | -0.0219 | -0.0176 | -0.0046 | - | +0.0051 | +0.0135 | +0.0179 |
| Level | Major | Minor | Major | - | Major | Minor | Minor |
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 | 2.5174 | 2.5242 | 2.5294 | 2.5362 | 2.5414 | 2.5482 | 2.5534 |
| Camarilla | 2.5313 | 2.5324 | 2.5335 | 2.5346 | 2.5357 | 2.5368 | 2.5379 |
| Woodie | 2.5166 | 2.5238 | 2.5286 | 2.5358 | 2.5406 | 2.5478 | 2.5526 |
| Fibonacci | 2.5242 | 2.5288 | 2.5316 | 2.5362 | 2.5408 | 2.5436 | 2.5482 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4791 | 2.4954 | 2.5233 | 2.5396 | 2.5675 | 2.5838 | 2.6117 |
| Camarilla | 2.5390 | 2.5431 | 2.5472 | 2.5512 | 2.5553 | 2.5593 | 2.5634 |
| Woodie | 2.4849 | 2.4983 | 2.5291 | 2.5425 | 2.5733 | 2.5867 | 2.6175 |
| Fibonacci | 2.4954 | 2.5123 | 2.5227 | 2.5396 | 2.5565 | 2.5669 | 2.5838 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4535 | 2.4794 | 2.5162 | 2.5421 | 2.5789 | 2.6048 | 2.6416 |
| Camarilla | 2.5358 | 2.5415 | 2.5473 | 2.5530 | 2.5588 | 2.5645 | 2.5702 |
| Woodie | 2.4590 | 2.4821 | 2.5217 | 2.5448 | 2.5844 | 2.6075 | 2.6471 |
| Fibonacci | 2.4794 | 2.5034 | 2.5182 | 2.5421 | 2.5661 | 2.5809 | 2.6048 |
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): | 42.18 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -0.4526 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 2.5345 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.5401 | |
| Elder Ray (13): | -0.0015 | |
| Super Trend (3,10): | 2.5419 | |
| Zig ZAG (10): | 2.5327 | |
| VORTEX (21): | 0.9780 | |
| Stochastique (14,3,5): | 49.83 | |
| TEMA (21): | 2.5351 | |
| Williams %R (14): | -86.90 | |
| Chande Momentum Oscillator (20): | -0.0020 | |
| Repulse (5,40,3): | -0.1738 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0046 | |
| Courbe Coppock: | 0.11 |
| MA7: | 2.5341 | |
| MA20: | 2.5280 | |
| MA50: | 2.5292 | |
| MA100: | 2.5021 | |
| MAexp7: | 2.5354 | |
| MAexp20: | 2.5353 | |
| MAexp50: | 2.5366 | |
| MAexp100: | 2.5358 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | +0.25% | |
| Price / MA50: | +0.20% | |
| Price / MA100: | +1.29% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.06% |
This member declared not having a position on this financial instrument or a related financial instrument.
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