NZD/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NZDCAD
ISIN:

NZD/CAD - Daily - Technical analysis published on 11/26/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

72%

My opinion

Bearish under 0.8832 CAD

My targets

0.8637 CAD (-0.0040)

0.8409 CAD (-0.0268)

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 0.8832 CAD. The sellers' bearish objective is set at 0.8637 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8409 CAD. In case of crossing, the next objective would be the support located at 0.8180 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

7.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever 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 content. 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.

This analysis was given by sebanja. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NZD/CAD price is 0.8677 CAD. On the day, this instrument gained +0.12% and was between 0.8659 CAD and 0.8679 CAD. This implies that the price is at +0.21% from its lowest and at -0.02% from its highest.

0.8659

0.8679

0.8677

Here is a more detailed summary of the historical variations registered by NZD/CAD:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of NZD/CAD indicates that the overall trend is strongly bearish. 89.29% 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 scanner detects a bearish signal on moving averages that could impact this trend:

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

Support of triangle is broken

Type : Bearish

Timeframe : Daily

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Three black crows

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8180	0.8409	0.8637	0.8677	0.8697	0.8832	0.8911
Change (%)	-5.73%	-3.09%	-0.46%	-	+0.23%	+1.79%	+2.70%
Change	-0.0497	-0.0268	-0.0040	-	+0.0020	+0.0155	+0.0234
Level	Minor	Major	Major	-	Intermediate	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8577	0.8616	0.8642	0.8681	0.8707	0.8746	0.8772
Camarilla	0.8649	0.8655	0.8661	0.8667	0.8673	0.8679	0.8685
Woodie	0.8570	0.8613	0.8635	0.8678	0.8700	0.8743	0.8765
Fibonacci	0.8616	0.8641	0.8657	0.8681	0.8706	0.8722	0.8746

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8666	0.8718	0.8783	0.8835	0.8900	0.8952	0.9017
Camarilla	0.8815	0.8826	0.8836	0.8847	0.8858	0.8869	0.8879
Woodie	0.8672	0.8721	0.8789	0.8838	0.8906	0.8955	0.9023
Fibonacci	0.8718	0.8763	0.8791	0.8835	0.8880	0.8908	0.8952

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 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):	33.86
MACD (12,26,9):	-0.0030
Directional Movement:	-17.7071
AROON (14):	-92.8571
DEMA (21):	0.8766
Parabolic SAR (0,02-0,02-0,2):	0.8839
Elder Ray (13):	-0.0110
Super Trend (3,10):	0.8849
Zig ZAG (10):	0.8675
VORTEX (21):	0.8529
Stochastique (14,3,5):	5.90
TEMA (21):	0.8738
Williams %R (14):	-92.80
Chande Momentum Oscillator (20):	-0.0149
Repulse (5,40,3):	-1.0928
ROCnROLL:	2
TRIX (15,9):	-0.0102
Courbe Coppock:	2.45

MA7:	0.8772
MA20:	0.8820
MA50:	0.8813
MA100:	0.8821
MAexp7:	0.8743
MAexp20:	0.8795
MAexp50:	0.8815
MAexp100:	0.8822
Price / MA7:	-1.08%
Price / MA20:	-1.62%
Price / MA50:	-1.54%
Price / MA100:	-1.63%
Price / MAexp7:	-0.75%
Price / MAexp20:	-1.34%
Price / MAexp50:	-1.57%
Price / MAexp100:	-1.64%

Quotes : - Real time data - Forex

News

The last news published on NZD/CAD at the time of the generation of this analysis was as follows:

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

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