NZD/CAD - 1H - Technical analysis published on 09/02/2021 (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
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 0.8906 CAD
My targets
0.8981 CAD (+0.0055)
0.9036 CAD (+0.0110)
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 0.8906 CAD. The next resistance located at 0.8981 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 0.9036 CAD. After this resistance, buyers could then target 0.9134 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.
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
7.5
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This analysis was given by Sidi Gladiateur. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/CAD price is 0.8926 CAD. On the day, this instrument gained +0.10% and was between 0.8911 CAD and 0.8930 CAD. This implies that the price is at +0.17% from its lowest and at -0.04% from its highest.0.8911
0.8930
0.8926
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/CAD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8829 | 0.8866 | 0.8906 | 0.8926 | 0.8926 | 0.8981 | 0.9036 |
| Change (%) | -1.09% | -0.67% | -0.22% | 0% | - | +0.62% | +1.23% |
| Change | -0.0097 | -0.0060 | -0.0020 | 0 | - | +0.0055 | +0.0110 |
| Level | Intermediate | Intermediate | Minor | Intermediate | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8820 | 0.8843 | 0.8880 | 0.8903 | 0.8940 | 0.8963 | 0.9000 |
| Camarilla | 0.8901 | 0.8906 | 0.8912 | 0.8917 | 0.8923 | 0.8928 | 0.8934 |
| Woodie | 0.8827 | 0.8847 | 0.8887 | 0.8907 | 0.8947 | 0.8967 | 0.9007 |
| Fibonacci | 0.8843 | 0.8866 | 0.8880 | 0.8903 | 0.8926 | 0.8940 | 0.8963 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8601 | 0.8654 | 0.8749 | 0.8802 | 0.8897 | 0.8950 | 0.9045 |
| Camarilla | 0.8803 | 0.8817 | 0.8830 | 0.8844 | 0.8858 | 0.8871 | 0.8885 |
| Woodie | 0.8622 | 0.8665 | 0.8770 | 0.8813 | 0.8918 | 0.8961 | 0.9066 |
| Fibonacci | 0.8654 | 0.8711 | 0.8746 | 0.8802 | 0.8859 | 0.8894 | 0.8950 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8521 | 0.8600 | 0.8748 | 0.8827 | 0.8975 | 0.9054 | 0.9202 |
| Camarilla | 0.8834 | 0.8854 | 0.8875 | 0.8896 | 0.8917 | 0.8938 | 0.8958 |
| Woodie | 0.8556 | 0.8617 | 0.8783 | 0.8844 | 0.9010 | 0.9071 | 0.9237 |
| Fibonacci | 0.8600 | 0.8687 | 0.8740 | 0.8827 | 0.8914 | 0.8967 | 0.9054 |
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): | 58.09 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 8.1080 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 0.8925 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8907 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 0.8890 | |
| Zig ZAG (10): | 0.8924 | |
| VORTEX (21): | 1.1634 | |
| Stochastique (14,3,5): | 47.28 | |
| TEMA (21): | 0.8925 | |
| Williams %R (14): | -21.05 | |
| Chande Momentum Oscillator (20): | 0.0005 | |
| Repulse (5,40,3): | 0.1588 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0136 | |
| Courbe Coppock: | 0.18 |
| MA7: | 0.8855 | |
| MA20: | 0.8799 | |
| MA50: | 0.8766 | |
| MA100: | 0.8769 | |
| MAexp7: | 0.8919 | |
| MAexp20: | 0.8914 | |
| MAexp50: | 0.8897 | |
| MAexp100: | 0.8871 | |
| Price / MA7: | +0.80% | |
| Price / MA20: | +1.44% | |
| Price / MA50: | +1.83% | |
| Price / MA100: | +1.79% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.61% |
Quotes :
-
Real time data
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Forex
News
The last news published on NZD/CAD at the time of the generation of this analysis was 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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