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NZD/CAD
NZD CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NZDCAD
ISIN:

NZD/CAD - 1H - Technical analysis published on 07/28/2020 (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: Bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 0.8912 CAD
My targets
0.8888 CAD (-0.0012)
0.8875 CAD (-0.0025)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NZD/CAD as long as the price remains well below 0.8912 CAD. The sellers” bearish objective is set at 0.8888 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8875 CAD. In case of crossing, the next objective would be the support located at 0.8843 CAD.

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
5.5

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NZD/CAD price is 0.8900 CAD. The price registered a decrease of -0.22% on the session and was between 0.8895 CAD and 0.8937 CAD. This implies that the price is at +0.06% from its lowest and at -0.41% from its highest.

0.8895
0.8937
0.8900

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of NZD/CAD in 1H shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



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

Central Indicators

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:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal resistance 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


S3S2S1PriceR1R2R3
ProTrendLines 0.8843 0.8875 0.8888 0.8900 0.8912 0.8923 0.8935
Change (%) -0.64% -0.28% -0.13% - +0.13% +0.26% +0.39%
Change -0.0057 -0.0025 -0.0012 - +0.0012 +0.0023 +0.0035
Level Minor Intermediate Minor - Major Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.88020.88440.88820.89240.89620.90040.9042
Camarilla0.88980.89050.89130.89200.89270.89350.8942
Woodie0.88000.88430.88800.89230.89600.90030.9040
Fibonacci0.88440.88750.88930.89240.89550.89730.9004


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.87370.88000.88550.89180.89730.90360.9091
Camarilla0.88790.88890.89000.89110.89220.89330.8943
Woodie0.87340.87980.88520.89160.89700.90340.9088
Fibonacci0.88000.88450.88730.89180.89630.89910.9036


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.82080.83450.85490.86860.88900.90270.9231
Camarilla0.86600.86920.87230.87540.87850.88170.8848
Woodie0.82430.83620.85840.87030.89250.90440.9266
Fibonacci0.83450.84750.85550.86860.88160.88960.9027

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): 39.03
MACD (12,26,9): -0.0002
Directional Movement: -8.5646
AROON (14): -100.0000
DEMA (21): 0.8921
Parabolic SAR (0,02-0,02-0,2): 0.8937
Elder Ray (13): -0.0017
Super Trend (3,10): 0.8948
Zig ZAG (10): 0.8899
VORTEX (21): 0.9218
Stochastique (14,3,5): 13.83
TEMA (21): 0.8915
Williams %R (14): -92.45
Chande Momentum Oscillator (20): -0.0038
Repulse (5,40,3): -0.3126
ROCnROLL: 2
TRIX (15,9): 0.0027
Courbe Coppock: 0.49
MA7: 0.8913
MA20: 0.8893
MA50: 0.8767
MA100: 0.8604
MAexp7: 0.8914
MAexp20: 0.8922
MAexp50: 0.8920
MAexp100: 0.8917
Price / MA7: -0.15%
Price / MA20: +0.08%
Price / MA50: +1.52%
Price / MA100: +3.44%
Price / MAexp7: -0.16%
Price / MAexp20: -0.25%
Price / MAexp50: -0.22%
Price / MAexp100: -0.19%

Quotes : 2020-07-28 05:15:32 - Real time data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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