NZD/CAD - 1H - Technical analysis published on 09/03/2020 (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:
Bullish
De fond:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 0.8793 CAD
My targets
0.8877 CAD (+0.0040)
0.8981 CAD (+0.0144)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NZD/CAD as long as the price remains well above 0.8793 CAD. The buyers” bullish objective is set at 0.8877 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.8981 CAD. If there is any crossing, the next objective would be the resistance located at 0.9258 CAD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7
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This analysis was given by Remo. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/CAD rating 0.8837 CAD. The price has increased by +0.13% since the last closing and was traded between 0.8818 CAD and 0.8842 CAD over the period. The price is currently at +0.22% from its lowest and -0.06% from its highest.0.8818
0.8842
0.8837
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 this 1H chart of NZD/CAD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel 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 | 0.8653 | 0.8734 | 0.8793 | 0.8837 | 0.8845 | 0.8877 | 0.8981 |
| Change (%) | -2.08% | -1.17% | -0.50% | - | +0.09% | +0.45% | +1.63% |
| Change | -0.0184 | -0.0103 | -0.0044 | - | +0.0008 | +0.0040 | +0.0144 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8748 | 0.8781 | 0.8803 | 0.8836 | 0.8858 | 0.8891 | 0.8913 |
| Camarilla | 0.8811 | 0.8816 | 0.8821 | 0.8826 | 0.8831 | 0.8836 | 0.8841 |
| Woodie | 0.8744 | 0.8778 | 0.8799 | 0.8833 | 0.8854 | 0.8888 | 0.8909 |
| Fibonacci | 0.8781 | 0.8802 | 0.8815 | 0.8836 | 0.8857 | 0.8870 | 0.8891 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8417 | 0.8503 | 0.8665 | 0.8751 | 0.8913 | 0.8999 | 0.9161 |
| Camarilla | 0.8760 | 0.8783 | 0.8805 | 0.8828 | 0.8851 | 0.8874 | 0.8896 |
| Woodie | 0.8456 | 0.8522 | 0.8704 | 0.8770 | 0.8952 | 0.9018 | 0.9200 |
| Fibonacci | 0.8503 | 0.8597 | 0.8656 | 0.8751 | 0.8845 | 0.8904 | 0.8999 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8259 | 0.8417 | 0.8598 | 0.8756 | 0.8937 | 0.9095 | 0.9276 |
| Camarilla | 0.8685 | 0.8716 | 0.8747 | 0.8778 | 0.8809 | 0.8840 | 0.8871 |
| Woodie | 0.8270 | 0.8423 | 0.8609 | 0.8762 | 0.8948 | 0.9101 | 0.9287 |
| Fibonacci | 0.8417 | 0.8547 | 0.8627 | 0.8756 | 0.8886 | 0.8966 | 0.9095 |
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): | 54.96 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 7.5953 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 0.8834 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8813 | |
| Elder Ray (13): | 0.0007 | |
| Super Trend (3,10): | 0.8812 | |
| Zig ZAG (10): | 0.8837 | |
| VORTEX (21): | 0.9323 | |
| Stochastique (14,3,5): | 48.96 | |
| TEMA (21): | 0.8828 | |
| Williams %R (14): | -28.13 | |
| Chande Momentum Oscillator (20): | 0.0008 | |
| Repulse (5,40,3): | 0.2024 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0020 | |
| Courbe Coppock: | 0.10 |
| MA7: | 0.8791 | |
| MA20: | 0.8723 | |
| MA50: | 0.8817 | |
| MA100: | 0.8701 | |
| MAexp7: | 0.8830 | |
| MAexp20: | 0.8832 | |
| MAexp50: | 0.8823 | |
| MAexp100: | 0.8799 | |
| Price / MA7: | +0.52% | |
| Price / MA20: | +1.31% | |
| Price / MA50: | +0.23% | |
| Price / MA100: | +1.56% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.43% |
Quotes :
2020-09-03 02:37:00
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Real time data
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Forex
News
The latest news and videos published on NZD/CAD at the time of the analysis were 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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