NZD/PLN

- PLN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NZDPLN
ISIN:

NZD/PLN - Daily - Technical analysis published on 08/17/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

50%

22%

My opinion

Bearish under 2.5017 PLN

My targets

2.4150 PLN (-0.0232)

2.3445 PLN (-0.0937)

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 2.5017 PLN. The sellers' bearish objective is set at 2.4150 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.3445 PLN. In case of crossing, the next objective would be the support located at 2.2153 PLN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

6.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NZD/PLN price is 2.4382 PLN. On the day, this instrument gained +0.00% with the lowest point at 2.4275 PLN and the highest point at 2.4499 PLN. The deviation from the price is +0.44% for the low point and -0.48% for the high point.

2.4275

2.4499

2.4382

Here is a more detailed summary of the historical variations registered by NZD/PLN:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily 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 market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal support

Type : Bullish

Timeframe : Daily

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.2153	2.3445	2.4150	2.4382	2.5408	2.6317	2.7626
Change (%)	-9.14%	-3.84%	-0.95%	-	+4.21%	+7.94%	+13.30%
Change	-0.2229	-0.0937	-0.0232	-	+0.1026	+0.1935	+0.3244
Level	Minor	Major	Major	-	Intermediate	Major	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	2.4077	2.4184	2.4283	2.4390	2.4489	2.4596	2.4695
Camarilla	2.4326	2.4345	2.4364	2.4383	2.4402	2.4421	2.4440
Woodie	2.4074	2.4182	2.4280	2.4388	2.4486	2.4594	2.4692
Fibonacci	2.4184	2.4262	2.4311	2.4390	2.4468	2.4517	2.4596

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.3431	2.3804	2.4022	2.4395	2.4613	2.4986	2.5204
Camarilla	2.4079	2.4133	2.4187	2.4241	2.4295	2.4349	2.4404
Woodie	2.3355	2.3765	2.3946	2.4356	2.4537	2.4947	2.5128
Fibonacci	2.3804	2.4029	2.4169	2.4395	2.4620	2.4760	2.4986

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.3474	2.4044	2.4447	2.5017	2.5420	2.5990	2.6393
Camarilla	2.4581	2.4671	2.4760	2.4849	2.4938	2.5027	2.5117
Woodie	2.3390	2.4002	2.4363	2.4975	2.5336	2.5948	2.6309
Fibonacci	2.4044	2.4416	2.4646	2.5017	2.5389	2.5619	2.5990

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):	38.83
MACD (12,26,9):	-0.0181
Directional Movement:	-13.8489
AROON (14):	-64.2857
DEMA (21):	2.4381
Parabolic SAR (0,02-0,02-0,2):	2.4591
Elder Ray (13):	-0.0134
Super Trend (3,10):	2.4992
Zig ZAG (10):	2.4390
VORTEX (21):	0.9184
Stochastique (14,3,5):	31.52
TEMA (21):	2.4341
Williams %R (14):	-70.18
Chande Momentum Oscillator (20):	-0.0422
Repulse (5,40,3):	-0.1222
ROCnROLL:	2
TRIX (15,9):	-0.0948
Courbe Coppock:	3.28

MA7:	2.4406
MA20:	2.4639
MA50:	2.4942
MA100:	2.5479
MAexp7:	2.4433
MAexp20:	2.4615
MAexp50:	2.4954
MAexp100:	2.5488
Price / MA7:	-0.10%
Price / MA20:	-1.04%
Price / MA50:	-2.25%
Price / MA100:	-4.31%
Price / MAexp7:	-0.21%
Price / MAexp20:	-0.95%
Price / MAexp50:	-2.30%
Price / MAexp100:	-4.34%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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