NZD/CAD - 1H - Technical analysis published on 04/22/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 0.8442 CAD
My targets
0.8410 CAD (-0.0016)
0.8391 CAD (-0.0035)
My analysis
The bearish trend is currently very strong for NZD/CAD. As long as the price remains below the resistance at 0.8442 CAD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.8410 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.8391 CAD as an objective. Crossing it would then enable sellers to target 0.8330 CAD. 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 confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
6.1
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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
The NZD/CAD price is 0.8426 CAD. The price registered a decrease of -0.43% on the session and was traded between 0.8403 CAD and 0.8502 CAD over the period. The price is currently at +0.27% from its lowest and -0.89% from its highest.0.8403
0.8502
0.8426
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/CAD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/CAD indicates that the overall trend is strongly bearish. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8330 | 0.8391 | 0.8410 | 0.8426 | 0.8442 | 0.8469 | 0.8494 |
| Change (%) | -1.14% | -0.42% | -0.19% | - | +0.19% | +0.51% | +0.81% |
| Change | -0.0096 | -0.0035 | -0.0016 | - | +0.0016 | +0.0043 | +0.0068 |
| Level | Major | Intermediate | Minor | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8362 | 0.8402 | 0.8432 | 0.8472 | 0.8502 | 0.8542 | 0.8572 |
| Camarilla | 0.8443 | 0.8449 | 0.8456 | 0.8462 | 0.8468 | 0.8475 | 0.8481 |
| Woodie | 0.8357 | 0.8400 | 0.8427 | 0.8470 | 0.8497 | 0.8540 | 0.8567 |
| Fibonacci | 0.8402 | 0.8429 | 0.8445 | 0.8472 | 0.8499 | 0.8515 | 0.8542 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8253 | 0.8315 | 0.8382 | 0.8444 | 0.8511 | 0.8573 | 0.8640 |
| Camarilla | 0.8414 | 0.8425 | 0.8437 | 0.8449 | 0.8461 | 0.8473 | 0.8485 |
| Woodie | 0.8256 | 0.8316 | 0.8385 | 0.8445 | 0.8514 | 0.8574 | 0.8643 |
| Fibonacci | 0.8315 | 0.8364 | 0.8395 | 0.8444 | 0.8493 | 0.8524 | 0.8573 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7295 | 0.7656 | 0.8016 | 0.8377 | 0.8737 | 0.9098 | 0.9458 |
| Camarilla | 0.8178 | 0.8244 | 0.8310 | 0.8376 | 0.8442 | 0.8508 | 0.8574 |
| Woodie | 0.7295 | 0.7656 | 0.8016 | 0.8377 | 0.8737 | 0.9098 | 0.9458 |
| Fibonacci | 0.7656 | 0.7931 | 0.8102 | 0.8377 | 0.8652 | 0.8823 | 0.9098 |
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): | 41.79 | |
| MACD (12,26,9): | -0.0013 | |
| Directional Movement: | -7.7684 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 0.8428 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8462 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 0.8485 | |
| Zig ZAG (10): | 0.8426 | |
| VORTEX (21): | 0.9211 | |
| Stochastique (14,3,5): | 27.12 | |
| TEMA (21): | 0.8423 | |
| Williams %R (14): | -74.71 | |
| Chande Momentum Oscillator (20): | -0.0058 | |
| Repulse (5,40,3): | -0.1550 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.12 |
| MA7: | 0.8461 | |
| MA20: | 0.8433 | |
| MA50: | 0.8431 | |
| MA100: | 0.8541 | |
| MAexp7: | 0.8431 | |
| MAexp20: | 0.8444 | |
| MAexp50: | 0.8461 | |
| MAexp100: | 0.8465 | |
| Price / MA7: | -0.41% | |
| Price / MA20: | -0.08% | |
| Price / MA50: | -0.06% | |
| Price / MA100: | -1.35% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.41% | |
| Price / MAexp100: | -0.46% |
News
Don"t forget to follow the news on NZD/CAD. At the time of publication of this analysis, the latest news was as follows:
-
New Zealand Dollar Soars on RBNZ: NZD/USD, NZD/JPY, NZD/CAD Analysis
-
Quick Takes Video: Volatility vs Inevitability for USD/CAD, NZD/JPY, NZD/CAD
-
NZD/CAD To Potentially Reach Parity
This member declared not having a position on this financial instrument or a related financial instrument.
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