NZD/PLN - 1H - Technical analysis published on 03/02/2020 (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
39%
33%
28%
My opinion
Bearish under 2.4501 PLN
My targets
2.4322 PLN (-0.0086)
2.4083 PLN (-0.0325)
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 2.4501 PLN. The next bearish objective for sellers is set at 2.4322 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.4083 PLN. If there is any crossing, the next objective would be the support located at 2.2153 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.8
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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 2.4408 PLN. On the day, this instrument lost -0.51% and was between 2.4297 PLN and 2.4486 PLN. This implies that the price is at +0.46% from its lowest and at -0.32% from its highest.2.4297
2.4486
2.4408
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NZD/PLN in 1H shows a overall strongly 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 7 are bullish, 5 are neutral and 6 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.2153 | 2.4083 | 2.4322 | 2.4408 | 2.4417 | 2.4501 | 2.4648 |
| Change (%) | -9.24% | -1.33% | -0.35% | - | +0.04% | +0.38% | +0.98% |
| Change | -0.2255 | -0.0325 | -0.0086 | - | +0.0009 | +0.0093 | +0.0240 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Major |
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 | 2.3955 | 2.4186 | 2.4360 | 2.4591 | 2.4765 | 2.4996 | 2.5170 |
| Camarilla | 2.4423 | 2.4460 | 2.4497 | 2.4534 | 2.4571 | 2.4608 | 2.4645 |
| Woodie | 2.3927 | 2.4172 | 2.4332 | 2.4577 | 2.4737 | 2.4982 | 2.5142 |
| Fibonacci | 2.4186 | 2.4341 | 2.4436 | 2.4591 | 2.4746 | 2.4841 | 2.4996 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.3460 | 2.3939 | 2.4236 | 2.4715 | 2.5012 | 2.5491 | 2.5788 |
| Camarilla | 2.4321 | 2.4392 | 2.4463 | 2.4534 | 2.4605 | 2.4676 | 2.4747 |
| Woodie | 2.3370 | 2.3894 | 2.4146 | 2.4670 | 2.4922 | 2.5446 | 2.5698 |
| Fibonacci | 2.3939 | 2.4235 | 2.4418 | 2.4715 | 2.5011 | 2.5194 | 2.5491 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.3254 | 2.3835 | 2.4185 | 2.4766 | 2.5116 | 2.5697 | 2.6047 |
| Camarilla | 2.4278 | 2.4363 | 2.4449 | 2.4534 | 2.4619 | 2.4705 | 2.4790 |
| Woodie | 2.3138 | 2.3777 | 2.4069 | 2.4708 | 2.5000 | 2.5639 | 2.5931 |
| Fibonacci | 2.3835 | 2.4191 | 2.4411 | 2.4766 | 2.5122 | 2.5342 | 2.5697 |
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): | 42.98 | |
| MACD (12,26,9): | -0.0046 | |
| Directional Movement: | -7.0659 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 2.4357 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.4471 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 2.4597 | |
| Zig ZAG (10): | 2.4387 | |
| VORTEX (21): | 0.9859 | |
| Stochastique (14,3,5): | 48.03 | |
| TEMA (21): | 2.4382 | |
| Williams %R (14): | -53.01 | |
| Chande Momentum Oscillator (20): | -0.0053 | |
| Repulse (5,40,3): | 0.0035 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0342 | |
| Courbe Coppock: | 0.13 |
| MA7: | 2.4853 | |
| MA20: | 2.5034 | |
| MA50: | 2.5211 | |
| MA100: | 2.5048 | |
| MAexp7: | 2.4402 | |
| MAexp20: | 2.4427 | |
| MAexp50: | 2.4549 | |
| MAexp100: | 2.4703 | |
| Price / MA7: | -1.79% | |
| Price / MA20: | -2.50% | |
| Price / MA50: | -3.19% | |
| Price / MA100: | -2.56% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.57% | |
| Price / MAexp100: | -1.19% |
This member declared not having a position on this financial instrument or a related financial instrument.
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