NZD/CAD - 1H - Technical analysis published on 07/03/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 0.8760 CAD
My targets
0.8733 CAD (-0.23%)
0.8695 CAD (-0.66%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.8760 CAD remains possible. It is advisable to trade NZD/CAD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.8760 CAD. The next bearish objective for sellers is set at 0.8733 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8695 CAD. In case of crossing, the next objective would be the support located at 0.8676 CAD. PS: if there is a bullish break in the resistance located at 0.8760 CAD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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 Loofp1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/CAD rating 0.8753 CAD. The price has increased by +0.06% since the last closing and was traded between 0.8741 CAD and 0.8760 CAD over the period. The price is currently at +0.14% from its lowest and -0.08% from its highest.0.8741
0.8760
0.8753
The Central Gaps scanner detects a bullish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
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 (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/CAD indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8676 | 0.8695 | 0.8733 | 0.8753 | 0.8760 | 0.8772 | 0.8790 |
| Change (%) | -0.88% | -0.66% | -0.23% | - | +0.08% | +0.22% | +0.42% |
| Change | -0.0077 | -0.0058 | -0.0020 | - | +0.0007 | +0.0019 | +0.0037 |
| Level | Minor | Major | 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 | 0.8691 | 0.8712 | 0.8730 | 0.8751 | 0.8769 | 0.8790 | 0.8808 |
| Camarilla | 0.8737 | 0.8741 | 0.8744 | 0.8748 | 0.8752 | 0.8755 | 0.8759 |
| Woodie | 0.8690 | 0.8711 | 0.8729 | 0.8750 | 0.8767 | 0.8789 | 0.8806 |
| Fibonacci | 0.8712 | 0.8727 | 0.8736 | 0.8751 | 0.8766 | 0.8775 | 0.8790 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8619 | 0.8657 | 0.8726 | 0.8764 | 0.8833 | 0.8871 | 0.8940 |
| Camarilla | 0.8767 | 0.8776 | 0.8786 | 0.8796 | 0.8806 | 0.8816 | 0.8825 |
| Woodie | 0.8636 | 0.8665 | 0.8742 | 0.8772 | 0.8849 | 0.8879 | 0.8957 |
| Fibonacci | 0.8657 | 0.8698 | 0.8723 | 0.8764 | 0.8805 | 0.8830 | 0.8871 |
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): | 49.92 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 0.6162 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 0.8750 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8739 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 0.8771 | |
| Zig ZAG (10): | 0.8754 | |
| VORTEX (21): | 1.0574 | |
| Stochastique (14,3,5): | 69.84 | |
| TEMA (21): | 0.8753 | |
| Williams %R (14): | -28.57 | |
| Chande Momentum Oscillator (20): | 0.0009 | |
| Repulse (5,40,3): | 0.0420 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0041 | |
| Courbe Coppock: | 0.10 |
| MA7: | 0.8763 | |
| MA20: | 0.8751 | |
| MA50: | 0.8809 | |
| MA100: | 0.8936 | |
| MAexp7: | 0.8753 | |
| MAexp20: | 0.8752 | |
| MAexp50: | 0.8757 | |
| MAexp100: | 0.8760 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | -0.64% | |
| Price / MA100: | -2.05% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.08% |
News
Don"t forget to follow the news on NZD/CAD. At the time of publication of this analysis, the latest news was as follows:
-
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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