NZD/CAD - 1H - Technical analysis published on 08/28/2020 (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
94%
0%
6%
My opinion
Bullish above 0.8750 CAD
My targets
0.8793 CAD (+0.0017)
0.8877 CAD (+0.0101)
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 0.8750 CAD. The next resistance located at 0.8793 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 0.8877 CAD. After this resistance, buyers could then target 0.8981 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
9.1
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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 0.8776 CAD. The price registered an increase of +0.65% on the session with the lowest point at 0.8713 CAD and the highest point at 0.8787 CAD. The deviation from the price is +0.72% for the low point and -0.13% for the high point.0.8713
0.8787
0.8776
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/CAD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 17 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8709 | 0.8734 | 0.8750 | 0.8776 | 0.8793 | 0.8877 | 0.8981 |
| Change (%) | -0.76% | -0.48% | -0.30% | - | +0.19% | +1.15% | +2.34% |
| Change | -0.0067 | -0.0042 | -0.0026 | - | +0.0017 | +0.0101 | +0.0205 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8613 | 0.8646 | 0.8683 | 0.8716 | 0.8753 | 0.8786 | 0.8823 |
| Camarilla | 0.8700 | 0.8706 | 0.8713 | 0.8719 | 0.8725 | 0.8732 | 0.8738 |
| Woodie | 0.8614 | 0.8647 | 0.8684 | 0.8717 | 0.8754 | 0.8787 | 0.8824 |
| Fibonacci | 0.8646 | 0.8673 | 0.8690 | 0.8716 | 0.8743 | 0.8760 | 0.8786 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8378 | 0.8477 | 0.8548 | 0.8647 | 0.8718 | 0.8817 | 0.8888 |
| Camarilla | 0.8572 | 0.8588 | 0.8603 | 0.8619 | 0.8635 | 0.8650 | 0.8666 |
| Woodie | 0.8364 | 0.8470 | 0.8534 | 0.8640 | 0.8704 | 0.8810 | 0.8874 |
| Fibonacci | 0.8477 | 0.8542 | 0.8582 | 0.8647 | 0.8712 | 0.8752 | 0.8817 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8490 | 0.8618 | 0.8755 | 0.8883 | 0.9020 | 0.9148 | 0.9285 |
| Camarilla | 0.8819 | 0.8843 | 0.8868 | 0.8892 | 0.8916 | 0.8941 | 0.8965 |
| Woodie | 0.8495 | 0.8620 | 0.8760 | 0.8885 | 0.9025 | 0.9150 | 0.9290 |
| Fibonacci | 0.8618 | 0.8719 | 0.8782 | 0.8883 | 0.8984 | 0.9047 | 0.9148 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 74.79 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 26.6196 | |
| AROON (14): | 85.7142 | |
| DEMA (21): | 0.8752 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8718 | |
| Elder Ray (13): | 0.0026 | |
| Super Trend (3,10): | 0.8727 | |
| Zig ZAG (10): | 0.8771 | |
| VORTEX (21): | 1.2982 | |
| Stochastique (14,3,5): | 95.99 | |
| TEMA (21): | 0.8756 | |
| Williams %R (14): | -3.23 | |
| Chande Momentum Oscillator (20): | 0.0053 | |
| Repulse (5,40,3): | 0.3749 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0165 | |
| Courbe Coppock: | 0.85 |
| MA7: | 0.8671 | |
| MA20: | 0.8727 | |
| MA50: | 0.8811 | |
| MA100: | 0.8686 | |
| MAexp7: | 0.8753 | |
| MAexp20: | 0.8731 | |
| MAexp50: | 0.8708 | |
| MAexp100: | 0.8685 | |
| Price / MA7: | +1.21% | |
| Price / MA20: | +0.56% | |
| Price / MA50: | -0.40% | |
| Price / MA100: | +1.04% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.52% | |
| Price / MAexp50: | +0.78% | |
| Price / MAexp100: | +1.05% |
Quotes :
2020-08-28 12:53:03
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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
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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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