NZD/CAD - 1H - Technical analysis published on 09/30/2021 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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 bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 0.8767 CAD
My targets
0.8704 CAD (-0.0037)
0.8638 CAD (-0.0103)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NZD/CAD as long as the price remains well below 0.8767 CAD. The sellers' bearish objective is set at 0.8704 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8638 CAD. In case of crossing, the next objective would be the support located at 0.8409 CAD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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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
NZD/CAD rating 0.8741 CAD. The price is lower by -0.25% since the last closing and was traded between 0.8739 CAD and 0.8772 CAD over the period. The price is currently at +0.02% from its lowest and -0.35% from its highest.0.8739
0.8772
0.8741
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/CAD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
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 | 0.8409 | 0.8638 | 0.8704 | 0.8741 | 0.8767 | 0.8829 | 0.8902 |
| Change (%) | -3.80% | -1.18% | -0.42% | - | +0.30% | +1.01% | +1.84% |
| Change | -0.0332 | -0.0103 | -0.0037 | - | +0.0026 | +0.0088 | +0.0161 |
| Level | Major | Major | Intermediate | - | Major | Major | Minor |
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 | 0.8660 | 0.8705 | 0.8734 | 0.8779 | 0.8808 | 0.8853 | 0.8882 |
| Camarilla | 0.8743 | 0.8749 | 0.8756 | 0.8763 | 0.8770 | 0.8777 | 0.8783 |
| Woodie | 0.8652 | 0.8701 | 0.8726 | 0.8775 | 0.8800 | 0.8849 | 0.8874 |
| Fibonacci | 0.8705 | 0.8733 | 0.8751 | 0.8779 | 0.8807 | 0.8825 | 0.8853 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8646 | 0.8755 | 0.8819 | 0.8928 | 0.8992 | 0.9101 | 0.9165 |
| Camarilla | 0.8836 | 0.8852 | 0.8868 | 0.8884 | 0.8900 | 0.8916 | 0.8932 |
| Woodie | 0.8625 | 0.8744 | 0.8798 | 0.8917 | 0.8971 | 0.9090 | 0.9144 |
| Fibonacci | 0.8755 | 0.8821 | 0.8862 | 0.8928 | 0.8994 | 0.9035 | 0.9101 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 28.46 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | -9.3377 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 0.8750 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8769 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 0.8790 | |
| Zig ZAG (10): | 0.8752 | |
| VORTEX (21): | 0.8614 | |
| Stochastique (14,3,5): | 22.71 | |
| TEMA (21): | 0.8751 | |
| Williams %R (14): | -95.83 | |
| Chande Momentum Oscillator (20): | -0.0014 | |
| Repulse (5,40,3): | -0.1381 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0215 | |
| Courbe Coppock: | 0.15 |
| MA7: | 0.8849 | |
| MA20: | 0.8937 | |
| MA50: | 0.8848 | |
| MA100: | 0.8781 | |
| MAexp7: | 0.8755 | |
| MAexp20: | 0.8765 | |
| MAexp50: | 0.8791 | |
| MAexp100: | 0.8828 | |
| Price / MA7: | -1.22% | |
| Price / MA20: | -2.19% | |
| Price / MA50: | -1.21% | |
| Price / MA100: | -0.46% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -0.57% | |
| Price / MAexp100: | -0.99% |
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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