NZD/CAD - 1H - Technical analysis published on 05/08/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.8493 CAD
My targets
0.8576 CAD (+0.0033)
0.8682 CAD (+0.0139)
My analysis
NZD/CAD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.8493 CAD. The next resistance located at 0.8576 CAD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.8682 CAD. After this resistance, buyers could then target 0.8793 CAD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.9
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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/CAD rating 0.8543 CAD. The price has increased by +0.32% since the last closing with the lowest point at 0.8505 CAD and the highest point at 0.8545 CAD. The deviation from the price is +0.45% for the low point and -0.02% for the high point.0.8505
0.8545
0.8543
Here is a more detailed summary of the historical variations registered by NZD/CAD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NZD/CAD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8467 | 0.8493 | 0.8536 | 0.8543 | 0.8576 | 0.8682 | 0.8793 |
| Change (%) | -0.89% | -0.59% | -0.08% | - | +0.39% | +1.63% | +2.93% |
| Change | -0.0076 | -0.0050 | -0.0007 | - | +0.0033 | +0.0139 | +0.0250 |
| Level | Major | Intermediate | Major | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8381 | 0.8420 | 0.8468 | 0.8507 | 0.8555 | 0.8594 | 0.8642 |
| Camarilla | 0.8492 | 0.8500 | 0.8508 | 0.8516 | 0.8524 | 0.8532 | 0.8540 |
| Woodie | 0.8386 | 0.8422 | 0.8473 | 0.8509 | 0.8560 | 0.8596 | 0.8647 |
| Fibonacci | 0.8420 | 0.8453 | 0.8474 | 0.8507 | 0.8540 | 0.8561 | 0.8594 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8301 | 0.8363 | 0.8451 | 0.8513 | 0.8601 | 0.8663 | 0.8751 |
| Camarilla | 0.8497 | 0.8511 | 0.8524 | 0.8538 | 0.8552 | 0.8566 | 0.8579 |
| Woodie | 0.8313 | 0.8370 | 0.8463 | 0.8520 | 0.8613 | 0.8670 | 0.8763 |
| Fibonacci | 0.8363 | 0.8421 | 0.8456 | 0.8513 | 0.8571 | 0.8606 | 0.8663 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8033 | 0.8149 | 0.8343 | 0.8459 | 0.8653 | 0.8769 | 0.8963 |
| Camarilla | 0.8451 | 0.8479 | 0.8508 | 0.8536 | 0.8564 | 0.8593 | 0.8621 |
| Woodie | 0.8071 | 0.8169 | 0.8381 | 0.8479 | 0.8691 | 0.8789 | 0.9001 |
| Fibonacci | 0.8149 | 0.8268 | 0.8341 | 0.8459 | 0.8578 | 0.8651 | 0.8769 |
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): | 64.52 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 11.0523 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 0.8533 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8503 | |
| Elder Ray (13): | 0.0009 | |
| Super Trend (3,10): | 0.8537 | |
| Zig ZAG (10): | 0.8537 | |
| VORTEX (21): | 1.0219 | |
| Stochastique (14,3,5): | 78.42 | |
| TEMA (21): | 0.8536 | |
| Williams %R (14): | -4.65 | |
| Chande Momentum Oscillator (20): | 0.0037 | |
| Repulse (5,40,3): | 0.1695 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0083 | |
| Courbe Coppock: | 0.67 |
| MA7: | 0.8523 | |
| MA20: | 0.8486 | |
| MA50: | 0.8445 | |
| MA100: | 0.8521 | |
| MAexp7: | 0.8532 | |
| MAexp20: | 0.8524 | |
| MAexp50: | 0.8516 | |
| MAexp100: | 0.8513 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | +0.67% | |
| Price / MA50: | +1.16% | |
| Price / MA100: | +0.26% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.32% | |
| Price / MAexp100: | +0.35% |
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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