NZD/CAD - 1H - Technical analysis published on 11/04/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.8886 CAD
My targets
0.8832 CAD (-0.0017)
0.8820 CAD (-0.0029)
My analysis
NZD/CAD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.8886 CAD. The next support located at 0.8832 CAD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.8820 CAD. Below this support, sellers could then target 0.8801 CAD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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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
The NZD/CAD rating is 0.8849 CAD. On the day, this instrument lost -0.36% and was between 0.8846 CAD and 0.8887 CAD. This implies that the price is at +0.03% from its lowest and at -0.43% from its highest.0.8846
0.8887
0.8849
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this NZD/CAD chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8801 | 0.8820 | 0.8832 | 0.8849 | 0.8857 | 0.8886 | 0.8895 |
| Change (%) | -0.54% | -0.33% | -0.19% | - | +0.09% | +0.42% | +0.52% |
| Change | -0.0048 | -0.0029 | -0.0017 | - | +0.0008 | +0.0037 | +0.0046 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8791 | 0.8811 | 0.8846 | 0.8866 | 0.8901 | 0.8921 | 0.8956 |
| Camarilla | 0.8866 | 0.8871 | 0.8876 | 0.8881 | 0.8886 | 0.8891 | 0.8896 |
| Woodie | 0.8799 | 0.8815 | 0.8854 | 0.8870 | 0.8909 | 0.8925 | 0.8964 |
| Fibonacci | 0.8811 | 0.8832 | 0.8845 | 0.8866 | 0.8887 | 0.8900 | 0.8921 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8741 | 0.8779 | 0.8833 | 0.8871 | 0.8925 | 0.8963 | 0.9017 |
| Camarilla | 0.8862 | 0.8870 | 0.8879 | 0.8887 | 0.8895 | 0.8904 | 0.8912 |
| Woodie | 0.8749 | 0.8783 | 0.8841 | 0.8875 | 0.8933 | 0.8967 | 0.9025 |
| Fibonacci | 0.8779 | 0.8814 | 0.8836 | 0.8871 | 0.8906 | 0.8928 | 0.8963 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8408 | 0.8512 | 0.8700 | 0.8804 | 0.8992 | 0.9096 | 0.9284 |
| Camarilla | 0.8807 | 0.8834 | 0.8860 | 0.8887 | 0.8914 | 0.8941 | 0.8967 |
| Woodie | 0.8449 | 0.8533 | 0.8741 | 0.8825 | 0.9033 | 0.9117 | 0.9325 |
| Fibonacci | 0.8512 | 0.8624 | 0.8693 | 0.8804 | 0.8916 | 0.8985 | 0.9096 |
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): | 40.19 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -4.1093 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 0.8865 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8882 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 0.8833 | |
| Zig ZAG (10): | 0.8856 | |
| VORTEX (21): | 0.9877 | |
| Stochastique (14,3,5): | 18.13 | |
| TEMA (21): | 0.8864 | |
| Williams %R (14): | -86.84 | |
| Chande Momentum Oscillator (20): | -0.0015 | |
| Repulse (5,40,3): | -0.1222 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0064 | |
| Courbe Coppock: | 0.06 |
| MA7: | 0.8869 | |
| MA20: | 0.8804 | |
| MA50: | 0.8859 | |
| MA100: | 0.8801 | |
| MAexp7: | 0.8859 | |
| MAexp20: | 0.8863 | |
| MAexp50: | 0.8862 | |
| MAexp100: | 0.8864 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | +0.51% | |
| Price / MA50: | -0.11% | |
| Price / MA100: | +0.55% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.17% |
Quotes :
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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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