NZD/CAD - 1H - Technical analysis published on 12/03/2021 (GMT)
- 168
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 0.8703 CAD
My targets
0.8657 CAD (-0.0035)
0.8637 CAD (-0.0055)
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 0.8703 CAD. The next support located at 0.8657 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 0.8637 CAD. Below this support, sellers could then target 0.8409 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/CAD rating is 0.8692 CAD. On the day, this instrument lost -0.44% and was traded between 0.8688 CAD and 0.8731 CAD over the period. The price is currently at +0.05% from its lowest and -0.45% from its highest.0.8688
0.8731
0.8692
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/CAD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/CAD indicates that the overall trend is strongly bearish. 85.71% 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:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is moderate given the direction of the technical indicators.
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
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Horizontal support 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 | 0.8409 | 0.8637 | 0.8657 | 0.8692 | 0.8703 | 0.8767 | 0.8798 |
| Change (%) | -3.26% | -0.63% | -0.40% | - | +0.13% | +0.86% | +1.22% |
| Change | -0.0283 | -0.0055 | -0.0035 | - | +0.0011 | +0.0075 | +0.0106 |
| Level | Major | Major | Minor | - | Intermediate | 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 | 0.8649 | 0.8676 | 0.8703 | 0.8730 | 0.8757 | 0.8784 | 0.8811 |
| Camarilla | 0.8715 | 0.8720 | 0.8725 | 0.8730 | 0.8735 | 0.8740 | 0.8745 |
| Woodie | 0.8649 | 0.8676 | 0.8703 | 0.8730 | 0.8757 | 0.8784 | 0.8811 |
| Fibonacci | 0.8676 | 0.8697 | 0.8709 | 0.8730 | 0.8751 | 0.8763 | 0.8784 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8413 | 0.8534 | 0.8628 | 0.8749 | 0.8843 | 0.8964 | 0.9058 |
| Camarilla | 0.8662 | 0.8682 | 0.8701 | 0.8721 | 0.8741 | 0.8760 | 0.8780 |
| Woodie | 0.8399 | 0.8527 | 0.8614 | 0.8742 | 0.8829 | 0.8957 | 0.9044 |
| Fibonacci | 0.8534 | 0.8617 | 0.8667 | 0.8749 | 0.8832 | 0.8882 | 0.8964 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8317 | 0.8487 | 0.8602 | 0.8772 | 0.8887 | 0.9057 | 0.9172 |
| Camarilla | 0.8640 | 0.8666 | 0.8692 | 0.8718 | 0.8744 | 0.8770 | 0.8796 |
| Woodie | 0.8291 | 0.8473 | 0.8576 | 0.8758 | 0.8861 | 0.9043 | 0.9146 |
| Fibonacci | 0.8487 | 0.8596 | 0.8663 | 0.8772 | 0.8881 | 0.8948 | 0.9057 |
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): | 34.25 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -9.3129 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 0.8706 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8729 | |
| Elder Ray (13): | -0.0016 | |
| Super Trend (3,10): | 0.8730 | |
| Zig ZAG (10): | 0.8692 | |
| VORTEX (21): | 0.9113 | |
| Stochastique (14,3,5): | 10.35 | |
| TEMA (21): | 0.8700 | |
| Williams %R (14): | -91.67 | |
| Chande Momentum Oscillator (20): | -0.0032 | |
| Repulse (5,40,3): | -0.1565 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0062 | |
| Courbe Coppock: | 0.56 |
| MA7: | 0.8708 | |
| MA20: | 0.8786 | |
| MA50: | 0.8791 | |
| MA100: | 0.8819 | |
| MAexp7: | 0.8702 | |
| MAexp20: | 0.8714 | |
| MAexp50: | 0.8718 | |
| MAexp100: | 0.8720 | |
| Price / MA7: | -0.18% | |
| Price / MA20: | -1.07% | |
| Price / MA50: | -1.13% | |
| Price / MA100: | -1.44% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.32% |
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:
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis NZD/CAD - 1H