NZD/CAD - Daily - Technical analysis published on 09/17/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
50%
28%
22%
My opinion
Bearish under 0.8465 CAD
My targets
0.8330 CAD (-1.08%)
0.7972 CAD (-5.33%)
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 0.8465 CAD. The next support located at 0.8330 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 0.7972 CAD. Below this support, sellers could then target 0.7170 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 are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.4
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/CAD price is 0.8421 CAD. On the day, this instrument gained +0.29% and was between 0.8375 CAD and 0.8423 CAD. This implies that the price is at +0.55% from its lowest and at -0.02% from its highest.0.8375
0.8423
0.8421
Here is a more detailed summary of the historical variations registered by NZD/CAD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
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. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.7170 | 0.7972 | 0.8330 | 0.8421 | 0.8465 | 0.8682 | 0.8913 |
| Change (%) | -14.86% | -5.33% | -1.08% | - | +0.52% | +3.10% | +5.84% |
| Change | -0.1251 | -0.0449 | -0.0091 | - | +0.0044 | +0.0261 | +0.0492 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | Major |
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 | 0.8318 | 0.8356 | 0.8376 | 0.8414 | 0.8434 | 0.8472 | 0.8492 |
| Camarilla | 0.8381 | 0.8386 | 0.8392 | 0.8397 | 0.8402 | 0.8408 | 0.8413 |
| Woodie | 0.8310 | 0.8352 | 0.8368 | 0.8410 | 0.8426 | 0.8468 | 0.8484 |
| Fibonacci | 0.8356 | 0.8378 | 0.8392 | 0.8414 | 0.8436 | 0.8450 | 0.8472 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8346 | 0.8384 | 0.8426 | 0.8464 | 0.8506 | 0.8544 | 0.8586 |
| Camarilla | 0.8445 | 0.8452 | 0.8460 | 0.8467 | 0.8474 | 0.8482 | 0.8489 |
| Woodie | 0.8347 | 0.8385 | 0.8427 | 0.8465 | 0.8507 | 0.8545 | 0.8587 |
| Fibonacci | 0.8384 | 0.8415 | 0.8434 | 0.8464 | 0.8495 | 0.8514 | 0.8544 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7902 | 0.8125 | 0.8260 | 0.8483 | 0.8618 | 0.8841 | 0.8976 |
| Camarilla | 0.8298 | 0.8330 | 0.8363 | 0.8396 | 0.8429 | 0.8462 | 0.8494 |
| Woodie | 0.7859 | 0.8103 | 0.8217 | 0.8461 | 0.8575 | 0.8819 | 0.8933 |
| Fibonacci | 0.8125 | 0.8261 | 0.8346 | 0.8483 | 0.8619 | 0.8704 | 0.8841 |
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): | 39.40 | |
| MACD (12,26,9): | -0.0040 | |
| Directional Movement: | -12.0604 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 0.8403 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8375 | |
| Elder Ray (13): | -0.0044 | |
| Super Trend (3,10): | 0.8547 | |
| Zig ZAG (10): | 0.8412 | |
| VORTEX (21): | 0.8731 | |
| Stochastique (14,3,5): | 50.43 | |
| TEMA (21): | 0.8414 | |
| Williams %R (14): | -57.05 | |
| Chande Momentum Oscillator (20): | 0.0017 | |
| Repulse (5,40,3): | -0.1516 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0833 | |
| Courbe Coppock: | 0.47 |
| MA7: | 0.8443 | |
| MA20: | 0.8445 | |
| MA50: | 0.8584 | |
| MA100: | 0.8686 | |
| MAexp7: | 0.8434 | |
| MAexp20: | 0.8462 | |
| MAexp50: | 0.8554 | |
| MAexp100: | 0.8661 | |
| Price / MA7: | -0.26% | |
| Price / MA20: | -0.28% | |
| Price / MA50: | -1.90% | |
| Price / MA100: | -3.05% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.48% | |
| Price / MAexp50: | -1.55% | |
| Price / MAexp100: | -2.77% |
News
The last news published on NZD/CAD at the time of the generation of this analysis 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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