NZD/CAD - 1H - Technical analysis published on 10/03/2019 (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
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 0.8330 CAD
My targets
0.8355 CAD (+0.25%)
0.8382 CAD (+0.58%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on NZD/CAD. This is a positive signal for buyers. As long as the price remains above 0.8330 CAD, a purchase could be considered. The first bullish objective is located at 0.8355 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.8382 CAD as an objective. Crossing it would then enable buyers to target 0.8414 CAD. In the event of a return below 0.8330 CAD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
4.8
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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 0.8334 CAD. On the day, this instrument lost -0.19% with the lowest point at 0.8331 CAD and the highest point at 0.8361 CAD. The deviation from the price is +0.04% for the low point and -0.32% for the high point.0.8331
0.8361
0.8334
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/CAD chart shows a bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.8269 | 0.8313 | 0.8330 | 0.8334 | 0.8355 | 0.8382 | 0.8414 |
Change (%) | -0.78% | -0.25% | -0.05% | - | +0.25% | +0.58% | +0.96% |
Change | -0.0065 | -0.0021 | -0.0004 | - | +0.0021 | +0.0048 | +0.0080 |
Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Intermediate |
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 | 0.8148 | 0.8192 | 0.8271 | 0.8315 | 0.8394 | 0.8438 | 0.8517 |
Camarilla | 0.8316 | 0.8327 | 0.8339 | 0.8350 | 0.8361 | 0.8373 | 0.8384 |
Woodie | 0.8166 | 0.8201 | 0.8289 | 0.8324 | 0.8412 | 0.8447 | 0.8535 |
Fibonacci | 0.8192 | 0.8239 | 0.8268 | 0.8315 | 0.8362 | 0.8391 | 0.8438 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.8167 | 0.8230 | 0.8287 | 0.8350 | 0.8407 | 0.8470 | 0.8527 |
Camarilla | 0.8310 | 0.8321 | 0.8332 | 0.8343 | 0.8354 | 0.8365 | 0.8376 |
Woodie | 0.8163 | 0.8229 | 0.8283 | 0.8349 | 0.8403 | 0.8469 | 0.8523 |
Fibonacci | 0.8230 | 0.8276 | 0.8305 | 0.8350 | 0.8396 | 0.8425 | 0.8470 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.7972 | 0.8121 | 0.8206 | 0.8355 | 0.8440 | 0.8589 | 0.8674 |
Camarilla | 0.8228 | 0.8249 | 0.8271 | 0.8292 | 0.8313 | 0.8335 | 0.8356 |
Woodie | 0.7941 | 0.8105 | 0.8175 | 0.8339 | 0.8409 | 0.8573 | 0.8643 |
Fibonacci | 0.8121 | 0.8210 | 0.8265 | 0.8355 | 0.8444 | 0.8499 | 0.8589 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 61.99 | |
MACD (12,26,9): | 0.0017 | |
Directional Movement: | 15.5305 | |
AROON (14): | 50.0000 | |
DEMA (21): | 0.8353 | |
Parabolic SAR (0,02-0,02-0,2): | 0.8359 | |
Elder Ray (13): | 0.0005 | |
Super Trend (3,10): | 0.8315 | |
Zig ZAG (10): | 0.8339 | |
VORTEX (21): | 1.3700 | |
Stochastique (14,3,5): | 50.58 | |
TEMA (21): | 0.8359 | |
Williams %R (14): | -60.53 | |
Chande Momentum Oscillator (20): | -0.0011 | |
Repulse (5,40,3): | -0.1934 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0365 | |
Courbe Coppock: | 0.76 |
MA7: | 0.8321 | |
MA20: | 0.8378 | |
MA50: | 0.8477 | |
MA100: | 0.8622 | |
MAexp7: | 0.8342 | |
MAexp20: | 0.8329 | |
MAexp50: | 0.8307 | |
MAexp100: | 0.8306 | |
Price / MA7: | +0.16% | |
Price / MA20: | -0.53% | |
Price / MA50: | -1.69% | |
Price / MA100: | -3.34% | |
Price / MAexp7: | -0.11% | |
Price / MAexp20: | +0.05% | |
Price / MAexp50: | +0.31% | |
Price / MAexp100: | +0.33% |
News
The latest news and videos published on NZD/CAD at the time of the analysis were 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.
About author
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…
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