NZD/PLN

- PLN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	NZDPLN
ISIN:

NZD/PLN - 1H - Technical analysis published on 04/12/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

11%

50%

39%

My opinion

Bullish above 2.3806 PLN

My targets

2.3891 PLN (+0.0051)

2.3921 PLN (+0.0081)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 2.3806 PLN remains possible. It is advisable to trade NZD/PLN with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 2.3806 PLN. The next bullish objective for buyers is set at 2.3891 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.3921 PLN. If there is any crossing, the next objective would be the resistance located at 2.3997 PLN. PS: if there is a bearish break in the support located at 2.3806 PLN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

2.3

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 rating is 2.3840 PLN. On the day, this instrument lost -0.03% and was traded between 2.3806 PLN and 2.3895 PLN over the period. The price is currently at +0.14% from its lowest and -0.23% from its highest.

2.3806

2.3895

2.3840

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

A study of price movements over other periods shows the following variations:

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

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this NZD/PLN chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

The probability of a further decline is low given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

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:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.3647	2.3731	2.3806	2.3840	2.3841	2.3891	2.3921
Change (%)	-0.81%	-0.46%	-0.14%	-	+0.00%	+0.21%	+0.34%
Change	-0.0193	-0.0109	-0.0034	-	+0.0001	+0.0051	+0.0081
Level	Intermediate	Major	Minor	-	Minor	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.3622	2.3673	2.3759	2.3810	2.3896	2.3947	2.4033
Camarilla	2.3808	2.3821	2.3833	2.3846	2.3859	2.3871	2.3884
Woodie	2.3641	2.3682	2.3778	2.3819	2.3915	2.3956	2.4052
Fibonacci	2.3673	2.3725	2.3757	2.3810	2.3862	2.3894	2.3947

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.3471	2.3595	2.3674	2.3798	2.3877	2.4001	2.4080
Camarilla	2.3698	2.3717	2.3735	2.3754	2.3773	2.3791	2.3810
Woodie	2.3450	2.3584	2.3653	2.3787	2.3856	2.3990	2.4059
Fibonacci	2.3595	2.3672	2.3720	2.3798	2.3875	2.3923	2.4001

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.2941	2.3356	2.3566	2.3981	2.4191	2.4606	2.4816
Camarilla	2.3604	2.3661	2.3719	2.3776	2.3833	2.3891	2.3948
Woodie	2.2839	2.3305	2.3464	2.3930	2.4089	2.4555	2.4714
Fibonacci	2.3356	2.3595	2.3742	2.3981	2.4220	2.4367	2.4606

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):	49.00
MACD (12,26,9):	0.0014
Directional Movement:	-2.5004
AROON (14):	-14.2857
DEMA (21):	2.3861
Parabolic SAR (0,02-0,02-0,2):	2.3895
Elder Ray (13):	-0.0020
Super Trend (3,10):	2.3790
Zig ZAG (10):	2.3832
VORTEX (21):	1.0535
Stochastique (14,3,5):	34.94
TEMA (21):	2.3863
Williams %R (14):	-73.03
Chande Momentum Oscillator (20):	-0.0016
Repulse (5,40,3):	-0.0765
ROCnROLL:	-1
TRIX (15,9):	0.0123
Courbe Coppock:	0.22

MA7:	2.3790
MA20:	2.3869
MA50:	2.4208
MA100:	2.4416
MAexp7:	2.3850
MAexp20:	2.3840
MAexp50:	2.3816
MAexp100:	2.3801
Price / MA7:	+0.21%
Price / MA20:	-0.12%
Price / MA50:	-1.52%
Price / MA100:	-2.36%
Price / MAexp7:	-0.04%
Price / MAexp20:	-0%
Price / MAexp50:	+0.10%
Price / MAexp100:	+0.16%

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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Londinia AI

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