NZD/CAD - 1H - Technical analysis published on 06/16/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
28%
33%
39%
My opinion
Bearish under 0.8793 CAD
My targets
0.8711 CAD (-0.0052)
0.8682 CAD (-0.0081)
My analysis
The strong short-term decline in NZD/CAD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 0.8793 CAD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 0.8711 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.8682 CAD as an objective. Crossing it would then enable sellers to target 0.8651 CAD. Be careful, a return to above 0.8793 CAD could jeopardize the reversal.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
0.5
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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 rating is 0.8763 CAD. The price is lower by -0.38% since the last closing and was traded between 0.8744 CAD and 0.8797 CAD over the period. The price is currently at +0.22% from its lowest and -0.39% from its highest.0.8744
0.8797
0.8763
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 an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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 a result that can have an impact on the price change:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
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 | 0.8682 | 0.8711 | 0.8758 | 0.8763 | 0.8793 | 0.8834 | 0.9258 |
| Change (%) | -0.92% | -0.59% | -0.06% | - | +0.34% | +0.81% | +5.65% |
| Change | -0.0081 | -0.0052 | -0.0005 | - | +0.0030 | +0.0071 | +0.0495 |
| Level | Major | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8682 | 0.8706 | 0.8751 | 0.8775 | 0.8820 | 0.8844 | 0.8889 |
| Camarilla | 0.8777 | 0.8783 | 0.8790 | 0.8796 | 0.8802 | 0.8809 | 0.8815 |
| Woodie | 0.8693 | 0.8711 | 0.8762 | 0.8780 | 0.8831 | 0.8849 | 0.8900 |
| Fibonacci | 0.8706 | 0.8732 | 0.8749 | 0.8775 | 0.8801 | 0.8818 | 0.8844 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8634 | 0.8673 | 0.8716 | 0.8755 | 0.8798 | 0.8837 | 0.8880 |
| Camarilla | 0.8737 | 0.8745 | 0.8753 | 0.8760 | 0.8768 | 0.8775 | 0.8783 |
| Woodie | 0.8637 | 0.8674 | 0.8719 | 0.8756 | 0.8801 | 0.8838 | 0.8883 |
| Fibonacci | 0.8673 | 0.8704 | 0.8723 | 0.8755 | 0.8786 | 0.8805 | 0.8837 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8141 | 0.8243 | 0.8393 | 0.8495 | 0.8645 | 0.8747 | 0.8897 |
| Camarilla | 0.8475 | 0.8498 | 0.8521 | 0.8544 | 0.8567 | 0.8590 | 0.8613 |
| Woodie | 0.8166 | 0.8255 | 0.8418 | 0.8507 | 0.8670 | 0.8759 | 0.8922 |
| Fibonacci | 0.8243 | 0.8339 | 0.8398 | 0.8495 | 0.8591 | 0.8650 | 0.8747 |
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): | 47.02 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -3.8289 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 0.8774 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8790 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 0.8739 | |
| Zig ZAG (10): | 0.8769 | |
| VORTEX (21): | 0.9627 | |
| Stochastique (14,3,5): | 51.52 | |
| TEMA (21): | 0.8772 | |
| Williams %R (14): | -49.09 | |
| Chande Momentum Oscillator (20): | -0.0024 | |
| Repulse (5,40,3): | 0.0550 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0044 | |
| Courbe Coppock: | 0.28 |
| MA7: | 0.8759 | |
| MA20: | 0.8644 | |
| MA50: | 0.8545 | |
| MA100: | 0.8499 | |
| MAexp7: | 0.8771 | |
| MAexp20: | 0.8772 | |
| MAexp50: | 0.8767 | |
| MAexp100: | 0.8758 | |
| Price / MA7: | +0.05% | |
| Price / MA20: | +1.38% | |
| Price / MA50: | +2.55% | |
| Price / MA100: | +3.11% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | +0.06% |
Quotes :
2020-06-16 11:41:18
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Real time data
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Forex
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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