NZD/CAD
NZD CAD
0.8914 CAD (+0.23%)
Real time data - Forex
Open: 0.8894
Change: +0.0020
Volume: 130,929
Low: 0.8890
High: 0.8940
High / Low range: 0.0050
Type: Forex
Ticker: NZDCAD
ISIN:

NZD/CAD - 1H - Technical analysis published on 09/16/2020

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  • Timeframe : 1H
  • - Analysis generated on 2020-09-16 15:42:48
  • Status : INVALID

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.8863 CAD
My targets
0.8901 CAD (+0.0007)
0.8981 CAD (+0.0087)
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 0.8863 CAD. The buyers” bullish objective is set at 0.8901 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. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
8.8

Complete this analysis for another time unit:
15 min. Daily Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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.

Additional analysis

Quotes

NZD/CAD rating 0.8894 CAD. On the day, this instrument gained +0.47% and was traded between 0.8844 CAD and 0.8897 CAD over the period. The price is currently at +0.57% from its lowest and -0.03% from its highest.

0.8844
0.8897
0.8894

So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of NZD/CAD in 1H shows a strongly overall 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 2

Type : Neutral

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:

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 0.8818 0.8850 0.8863 0.8894 0.8981 0.9258 0.9592
Change (%) -0.85% -0.49% -0.35% - +0.98% +4.09% +7.85%
Change -0.0076 -0.0044 -0.0031 - +0.0087 +0.0364 +0.0698
Level Intermediate Minor Intermediate - Intermediate Major 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
Standard0.87610.87830.88180.88400.88750.88970.8932
Camarilla0.88360.88420.88470.88520.88570.88620.8868
Woodie0.87670.87860.88240.88430.88810.89000.8938
Fibonacci0.87830.88050.88190.88400.88620.88760.8897


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.86580.86980.87390.87790.88200.88600.8901
Camarilla0.87590.87660.87740.87810.87880.87960.8803
Woodie0.86600.86980.87410.87790.88220.88600.8903
Fibonacci0.86980.87290.87480.87790.88100.88290.8860


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.82590.84170.85980.87560.89370.90950.9276
Camarilla0.86850.87160.87470.87780.88090.88400.8871
Woodie0.82700.84230.86090.87620.89480.91010.9287
Fibonacci0.84170.85470.86270.87560.88860.89660.9095

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): 71.61
MACD (12,26,9): 0.0011
Directional Movement: 17.1597
AROON (14): 92.8571
DEMA (21): 0.8886
Parabolic SAR (0,02-0,02-0,2): 0.8873
Elder Ray (13): 0.0012
Super Trend (3,10): 0.8855
Zig ZAG (10): 0.8894
VORTEX (21): 1.1602
Stochastique (14,3,5): 88.44
TEMA (21): 0.8890
Williams %R (14): -9.09
Chande Momentum Oscillator (20): 0.0032
Repulse (5,40,3): 0.1923
ROCnROLL: 1
TRIX (15,9): 0.0155
Courbe Coppock: 0.66
MA7: 0.8806
MA20: 0.8758
MA50: 0.8810
MA100: 0.8730
MAexp7: 0.8879
MAexp20: 0.8872
MAexp50: 0.8853
MAexp100: 0.8833
Price / MA7: +1.00%
Price / MA20: +1.55%
Price / MA50: +0.95%
Price / MA100: +1.88%
Price / MAexp7: +0.17%
Price / MAexp20: +0.25%
Price / MAexp50: +0.46%
Price / MAexp100: +0.69%

Quotes : 2020-09-16 15:42:47 - Real time data - Forex

News


The latest news and videos published on NZD/CAD at the time of the analysis were as follows:

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

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