NZD/CAD - 1H - Technical analysis published on 04/21/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
39%
33%
My opinion
Bullish above 0.9005 CAD
My targets
0.9070 CAD (+0.0035)
0.9139 CAD (+0.0104)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.9005 CAD remains possible. It is advisable to trade NZD/CAD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.9005 CAD. The next bullish objective for buyers is set at 0.9070 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9139 CAD. If there is any crossing, the next objective would be the resistance located at 0.9258 CAD. PS: if there is a bearish break in the support located at 0.9005 CAD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.6
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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
NZD/CAD rating 0.9035 CAD. The price is lower by -0.01% since the last closing and was between 0.9033 CAD and 0.9055 CAD. This implies that the price is at +0.02% from its lowest and at -0.22% from its highest.0.9033
0.9055
0.9035
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of NZD/CAD in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 0.8914 | 0.8981 | 0.9005 | 0.9035 | 0.9070 | 0.9139 | 0.9258 |
| Change (%) | -1.34% | -0.60% | -0.33% | - | +0.39% | +1.15% | +2.47% |
| Change | -0.0121 | -0.0054 | -0.0030 | - | +0.0035 | +0.0104 | +0.0223 |
| Level | Major | Major | Intermediate | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8935 | 0.8967 | 0.9001 | 0.9033 | 0.9067 | 0.9099 | 0.9133 |
| Camarilla | 0.9018 | 0.9024 | 0.9030 | 0.9036 | 0.9042 | 0.9048 | 0.9054 |
| Woodie | 0.8937 | 0.8968 | 0.9003 | 0.9034 | 0.9069 | 0.9100 | 0.9135 |
| Fibonacci | 0.8967 | 0.8992 | 0.9008 | 0.9033 | 0.9058 | 0.9074 | 0.9099 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8615 | 0.8708 | 0.8818 | 0.8911 | 0.9021 | 0.9114 | 0.9224 |
| Camarilla | 0.8871 | 0.8890 | 0.8908 | 0.8927 | 0.8946 | 0.8964 | 0.8983 |
| Woodie | 0.8623 | 0.8712 | 0.8826 | 0.8915 | 0.9029 | 0.9118 | 0.9232 |
| Fibonacci | 0.8708 | 0.8786 | 0.8834 | 0.8911 | 0.8989 | 0.9037 | 0.9114 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8087 | 0.8418 | 0.8595 | 0.8926 | 0.9103 | 0.9434 | 0.9611 |
| Camarilla | 0.8633 | 0.8680 | 0.8726 | 0.8773 | 0.8820 | 0.8866 | 0.8913 |
| Woodie | 0.8011 | 0.8380 | 0.8519 | 0.8888 | 0.9027 | 0.9396 | 0.9535 |
| Fibonacci | 0.8418 | 0.8612 | 0.8732 | 0.8926 | 0.9120 | 0.9240 | 0.9434 |
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): | 55.07 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 10.0824 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 0.9048 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9061 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 0.9010 | |
| Zig ZAG (10): | 0.9036 | |
| VORTEX (21): | 1.0686 | |
| Stochastique (14,3,5): | 22.18 | |
| TEMA (21): | 0.9044 | |
| Williams %R (14): | -90.32 | |
| Chande Momentum Oscillator (20): | -0.0011 | |
| Repulse (5,40,3): | -0.0745 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0176 | |
| Courbe Coppock: | 0.14 |
| MA7: | 0.8970 | |
| MA20: | 0.8877 | |
| MA50: | 0.9005 | |
| MA100: | 0.9068 | |
| MAexp7: | 0.9040 | |
| MAexp20: | 0.9036 | |
| MAexp50: | 0.9014 | |
| MAexp100: | 0.8984 | |
| Price / MA7: | +0.72% | |
| Price / MA20: | +1.78% | |
| Price / MA50: | +0.33% | |
| Price / MA100: | -0.36% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.57% |
Quotes :
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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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