NZD/CAD - 1H - Technical analysis published on 10/23/2019 (GMT)
- Who voted?
- 116
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.8414 CAD
My targets
0.8364 CAD (-0.19%)
0.8330 CAD (-0.60%)
My analysis
The current short-term bearish acceleration registered on NZD/CAD should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 0.8414 CAD. Short-term sellers will use the support located at 0.8364 CAD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 0.8330 CAD. Crossing this support would then open the door for sellers to target 0.8302 CAD. Caution, if there is a return to below 0.8414 CAD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
2.3
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
NZD/CAD rating 0.8380 CAD. The price registered a decrease of -0.18% on the session and was between 0.8370 CAD and 0.8396 CAD. This implies that the price is at +0.12% from its lowest and at -0.19% from its highest.0.8370
0.8396
0.8380
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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
Technical analysis of NZD/CAD in 1H shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish 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.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8302 | 0.8330 | 0.8364 | 0.8380 | 0.8414 | 0.8682 | 0.8913 |
| Change (%) | -0.93% | -0.60% | -0.19% | - | +0.41% | +3.60% | +6.36% |
| Change | -0.0078 | -0.0050 | -0.0016 | - | +0.0034 | +0.0302 | +0.0533 |
| Level | Minor | Major | Intermediate | - | Major | 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 | 0.8332 | 0.8354 | 0.8375 | 0.8397 | 0.8418 | 0.8440 | 0.8461 |
| Camarilla | 0.8383 | 0.8387 | 0.8391 | 0.8395 | 0.8399 | 0.8403 | 0.8407 |
| Woodie | 0.8331 | 0.8354 | 0.8374 | 0.8397 | 0.8417 | 0.8440 | 0.8460 |
| Fibonacci | 0.8354 | 0.8371 | 0.8381 | 0.8397 | 0.8414 | 0.8424 | 0.8440 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8143 | 0.8195 | 0.8285 | 0.8337 | 0.8427 | 0.8479 | 0.8569 |
| Camarilla | 0.8337 | 0.8350 | 0.8363 | 0.8376 | 0.8389 | 0.8402 | 0.8415 |
| Woodie | 0.8163 | 0.8205 | 0.8305 | 0.8347 | 0.8447 | 0.8489 | 0.8589 |
| Fibonacci | 0.8195 | 0.8249 | 0.8282 | 0.8337 | 0.8391 | 0.8424 | 0.8479 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.50 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -0.3865 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 0.8384 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8388 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 0.8412 | |
| Zig ZAG (10): | 0.8382 | |
| VORTEX (21): | 0.9695 | |
| Stochastique (14,3,5): | 37.50 | |
| TEMA (21): | 0.8379 | |
| Williams %R (14): | -62.50 | |
| Chande Momentum Oscillator (20): | -0.0006 | |
| Repulse (5,40,3): | -0.0109 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0043 | |
| Courbe Coppock: | 0.30 |
| MA7: | 0.8357 | |
| MA20: | 0.8358 | |
| MA50: | 0.8406 | |
| MA100: | 0.8562 | |
| MAexp7: | 0.8382 | |
| MAexp20: | 0.8388 | |
| MAexp50: | 0.8387 | |
| MAexp100: | 0.8376 | |
| Price / MA7: | +0.28% | |
| Price / MA20: | +0.26% | |
| Price / MA50: | -0.31% | |
| Price / MA100: | -2.13% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | +0.05% |
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
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