NZD/PLN - 1H - Technical analysis published on 03/16/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 2.3835 PLN
My targets
2.3624 PLN (-0.0028)
2.3254 PLN (-0.0398)
My analysis
The bearish trend is currently very strong for NZD/PLN. As long as the price remains below the resistance at 2.3835 PLN, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.3624 PLN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.3254 PLN as an objective. Crossing it would then enable sellers to target 2.2901 PLN. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
7.3
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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 2.3652 PLN. The price registered a decrease of -0.97% on the session and was traded between 2.3487 PLN and 2.4106 PLN over the period. The price is currently at +0.70% from its lowest and -1.88% from its highest.2.3487
2.4106
2.3652
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand 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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of NZD/PLN indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
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 several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel 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 | 2.0878 | 2.2153 | 2.2642 | 2.3652 | 2.3856 | 2.4083 | 2.4322 |
| Change (%) | -11.73% | -6.34% | -4.27% | - | +0.86% | +1.82% | +2.83% |
| Change | -0.2774 | -0.1499 | -0.1010 | - | +0.0204 | +0.0431 | +0.0670 |
| Level | Minor | Minor | 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 | 2.3254 | 2.3500 | 2.3692 | 2.3938 | 2.4130 | 2.4376 | 2.4568 |
| Camarilla | 2.3763 | 2.3803 | 2.3843 | 2.3883 | 2.3923 | 2.3963 | 2.4004 |
| Woodie | 2.3226 | 2.3487 | 2.3664 | 2.3925 | 2.4102 | 2.4363 | 2.4540 |
| Fibonacci | 2.3500 | 2.3668 | 2.3771 | 2.3938 | 2.4106 | 2.4209 | 2.4376 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.1196 | 2.1919 | 2.2901 | 2.3624 | 2.4606 | 2.5329 | 2.6311 |
| Camarilla | 2.3414 | 2.3570 | 2.3727 | 2.3883 | 2.4039 | 2.4196 | 2.4352 |
| Woodie | 2.1326 | 2.1984 | 2.3031 | 2.3689 | 2.4736 | 2.5394 | 2.6441 |
| Fibonacci | 2.1919 | 2.2570 | 2.2973 | 2.3624 | 2.4275 | 2.4678 | 2.5329 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.99 | |
| MACD (12,26,9): | -0.0070 | |
| Directional Movement: | -16.0641 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 2.3750 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.3512 | |
| Elder Ray (13): | -0.0090 | |
| Super Trend (3,10): | 2.4156 | |
| Zig ZAG (10): | 2.3654 | |
| VORTEX (21): | 0.8792 | |
| Stochastique (14,3,5): | 39.04 | |
| TEMA (21): | 2.3713 | |
| Williams %R (14): | -73.02 | |
| Chande Momentum Oscillator (20): | -0.0387 | |
| Repulse (5,40,3): | -0.8920 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0355 | |
| Courbe Coppock: | 1.65 |
| MA7: | 2.3958 | |
| MA20: | 2.4492 | |
| MA50: | 2.4920 | |
| MA100: | 2.4999 | |
| MAexp7: | 2.3762 | |
| MAexp20: | 2.3836 | |
| MAexp50: | 2.3921 | |
| MAexp100: | 2.3976 | |
| Price / MA7: | -1.28% | |
| Price / MA20: | -3.43% | |
| Price / MA50: | -5.09% | |
| Price / MA100: | -5.39% | |
| Price / MAexp7: | -0.46% | |
| Price / MAexp20: | -0.77% | |
| Price / MAexp50: | -1.12% | |
| Price / MAexp100: | -1.35% |
This member declared not having a position on this financial instrument or a related financial instrument.
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