Londinia Opportunities Analyses - 11/14/2024 (GMT) NZD/PLN - 1H

- PLN (-)

- Real time data - Forex

Type:	Forex
Ticker:	NZDPLN
ISIN:

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

72%

11%

My opinion

Bearish under 2.4124 PLN

My targets

2.3879 PLN (-0.0145)

2.3809 PLN (-0.0215)

My analysis

NZD/PLN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.4124 PLN. The next support located at 2.3879 PLN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2.3809 PLN. Below this support, sellers could then target 2.3667 PLN. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.9

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.

Additional analysis

Quotes

NZD/PLN rating 2.4024 PLN. The price registered a decrease of -0.59% on the session with the lowest point at 2.4021 PLN and the highest point at 2.4218 PLN. The deviation from the price is +0.01% for the low point and -0.80% for the high point.

2.4021

2.4218

2.4024

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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 NZD/PLN in 1H shows a overall strongly bearish trend. 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.

Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.3809	2.3879	2.4022	2.4024	2.4124	2.4218	2.4349
Change (%)	-0.89%	-0.60%	-0.01%	-	+0.42%	+0.81%	+1.35%
Change	-0.0215	-0.0145	-0.0002	-	+0.0100	+0.0194	+0.0325
Level	Minor	Major	Major	-	Minor	Major	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.3896	2.4022	2.4095	2.4221	2.4294	2.4420	2.4493
Camarilla	2.4112	2.4131	2.4149	2.4167	2.4185	2.4204	2.4222
Woodie	2.3869	2.4009	2.4068	2.4208	2.4267	2.4407	2.4466
Fibonacci	2.4022	2.4098	2.4145	2.4221	2.4297	2.4344	2.4420

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.3388	2.3599	2.3841	2.4052	2.4294	2.4505	2.4747
Camarilla	2.3959	2.4001	2.4043	2.4084	2.4126	2.4167	2.4209
Woodie	2.3405	2.3607	2.3858	2.4060	2.4311	2.4513	2.4764
Fibonacci	2.3599	2.3772	2.3879	2.4052	2.4225	2.4332	2.4505

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.2923	2.3345	2.3613	2.4035	2.4303	2.4725	2.4993
Camarilla	2.3692	2.3756	2.3819	2.3882	2.3945	2.4009	2.4072
Woodie	2.2847	2.3307	2.3537	2.3997	2.4227	2.4687	2.4917
Fibonacci	2.3345	2.3608	2.3771	2.4035	2.4298	2.4461	2.4725

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):	29.82
MACD (12,26,9):	-0.0032
Directional Movement:	-17.5063
AROON (14):	-28.5714
DEMA (21):	2.4100
Parabolic SAR (0,02-0,02-0,2):	2.4215
Elder Ray (13):	-0.0062
Super Trend (3,10):	2.4202
Zig ZAG (10):	2.4032
VORTEX (21):	0.8346
Stochastique (14,3,5):	13.28
TEMA (21):	2.4096
Williams %R (14):	-100.00
Chande Momentum Oscillator (20):	-0.0104
Repulse (5,40,3):	-0.5804
ROCnROLL:	2
TRIX (15,9):	-0.0177
Courbe Coppock:	0.28

MA7:	2.4159
MA20:	2.4079
MA50:	2.4043
MA100:	2.3916
MAexp7:	2.4107
MAexp20:	2.4143
MAexp50:	2.4193
MAexp100:	2.4200
Price / MA7:	-0.56%
Price / MA20:	-0.23%
Price / MA50:	-0.08%
Price / MA100:	+0.45%
Price / MAexp7:	-0.34%
Price / MAexp20:	-0.49%
Price / MAexp50:	-0.70%
Price / MAexp100:	-0.73%

Quotes : - Real time data - Forex