Post an Analysis Request an analysis AI Londinia analysis
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 08/14/2020 (GMT)

  • 138
  • 0
Londinia
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
83%
0%
17%
My opinion
Bearish under 0.8695 CAD
My targets
0.8642 CAD (-0.0034)
0.8540 CAD (-0.0136)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.8695 CAD remains possible. It is advisable to trade NZD/CAD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.8695 CAD. The next bearish objective for sellers is set at 0.8642 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8540 CAD. In case of crossing, the next objective would be the support located at 0.8330 CAD. PS: if there is a bullish break in the resistance located at 0.8695 CAD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0

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.

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

Additional analysis

Quotes

NZD/CAD rating 0.8676 CAD. On the day, this instrument gained +0.25% with the lowest point at 0.8630 CAD and the highest point at 0.8691 CAD. The deviation from the price is +0.53% for the low point and -0.17% for the high point.

0.8630
0.8691
0.8676

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this NZD/CAD chart shows a bearish trend. The signals given by moving averages are 64.29% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.8330 0.8540 0.8642 0.8676 0.8695 0.8731 0.8793
Change (%) -3.99% -1.57% -0.39% - +0.22% +0.63% +1.35%
Change -0.0346 -0.0136 -0.0034 - +0.0019 +0.0055 +0.0117
Level Major Intermediate Intermediate - Major Minor Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.85310.85870.86200.86760.87090.87650.8798
Camarilla0.86300.86380.86460.86540.86620.86700.8679
Woodie0.85210.85810.86100.86700.86990.87590.8788
Fibonacci0.85870.86210.86420.86760.87100.87310.8765


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.86640.87310.87820.88490.89000.89670.9018
Camarilla0.88020.88120.88230.88340.88450.88560.8867
Woodie0.86570.87270.87750.88450.88930.89630.9011
Fibonacci0.87310.87760.88040.88490.88940.89220.8967


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.84900.86180.87550.88830.90200.91480.9285
Camarilla0.88190.88430.88680.88920.89160.89410.8965
Woodie0.84950.86200.87600.88850.90250.91500.9290
Fibonacci0.86180.87190.87820.88830.89840.90470.9148

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): 61.33
MACD (12,26,9): 0.0000
Directional Movement: 9.0573
AROON (14): 64.2857
DEMA (21): 0.8660
Parabolic SAR (0,02-0,02-0,2): 0.8646
Elder Ray (13): 0.0021
Super Trend (3,10): 0.8647
Zig ZAG (10): 0.8686
VORTEX (21): 1.1383
Stochastique (14,3,5): 92.71
TEMA (21): 0.8671
Williams %R (14): -9.84
Chande Momentum Oscillator (20): 0.0052
Repulse (5,40,3): 0.2074
ROCnROLL: -1
TRIX (15,9): -0.0091
Courbe Coppock: 0.56
MA7: 0.8760
MA20: 0.8850
MA50: 0.8827
MA100: 0.8660
MAexp7: 0.8673
MAexp20: 0.8664
MAexp50: 0.8681
MAexp100: 0.8717
Price / MA7: -0.96%
Price / MA20: -1.97%
Price / MA50: -1.71%
Price / MA100: +0.18%
Price / MAexp7: +0.03%
Price / MAexp20: +0.14%
Price / MAexp50: -0.06%
Price / MAexp100: -0.47%

Quotes : 2020-08-14 16:25:10 - Real time data - Forex

News


The last news published on NZD/CAD at the time of the generation of this analysis was as follows:

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

About author

Londinia
Londinia AI

Online

Overall rating :
15120
Number of analyses :
73926
Followers :
0
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

Add a comment

no pic

Comments

0 comments on the analysis NZD/CAD - 1H

NEW !