NZD/CAD - 1H - Technical analysis published on 11/29/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.8536 CAD
My targets
0.8569 CAD (+0.18%)
0.8682 CAD (+1.50%)
My analysis
The bullish trend is currently very strong on NZD/CAD. As long as the price remains above the support at 0.8536 CAD, you could try to benefit from the boom. The first bullish objective is located at 0.8569 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.8682 CAD as an objective. Crossing it would then enable buyers to target 0.8847 CAD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.2
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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 price is 0.8554 CAD. On the day, this instrument gained +0.35% with the lowest point at 0.8523 CAD and the highest point at 0.8555 CAD. The deviation from the price is +0.36% for the low point and -0.01% for the high point.0.8523
0.8555
0.8554
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 (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/CAD chart shows a strongly bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8496 | 0.8516 | 0.8536 | 0.8554 | 0.8569 | 0.8682 | 0.8847 |
| Change (%) | -0.68% | -0.44% | -0.21% | - | +0.18% | +1.50% | +3.43% |
| Change | -0.0058 | -0.0038 | -0.0018 | - | +0.0015 | +0.0128 | +0.0293 |
| Level | Major | Intermediate | Major | - | Minor | Major | 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 | 0.8477 | 0.8497 | 0.8510 | 0.8530 | 0.8543 | 0.8563 | 0.8576 |
| Camarilla | 0.8515 | 0.8518 | 0.8521 | 0.8524 | 0.8527 | 0.8530 | 0.8533 |
| Woodie | 0.8475 | 0.8495 | 0.8508 | 0.8528 | 0.8541 | 0.8561 | 0.8574 |
| Fibonacci | 0.8497 | 0.8509 | 0.8517 | 0.8530 | 0.8542 | 0.8550 | 0.8563 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8303 | 0.8365 | 0.8444 | 0.8506 | 0.8585 | 0.8647 | 0.8726 |
| Camarilla | 0.8483 | 0.8496 | 0.8509 | 0.8522 | 0.8535 | 0.8548 | 0.8561 |
| Woodie | 0.8311 | 0.8369 | 0.8452 | 0.8510 | 0.8593 | 0.8651 | 0.8734 |
| Fibonacci | 0.8365 | 0.8419 | 0.8453 | 0.8506 | 0.8560 | 0.8594 | 0.8647 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8077 | 0.8156 | 0.8301 | 0.8380 | 0.8525 | 0.8604 | 0.8749 |
| Camarilla | 0.8383 | 0.8404 | 0.8425 | 0.8445 | 0.8466 | 0.8486 | 0.8507 |
| Woodie | 0.8109 | 0.8173 | 0.8333 | 0.8397 | 0.8557 | 0.8621 | 0.8781 |
| Fibonacci | 0.8156 | 0.8242 | 0.8295 | 0.8380 | 0.8466 | 0.8519 | 0.8604 |
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): | 67.77 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 14.0758 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 0.8543 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8532 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 0.8526 | |
| Zig ZAG (10): | 0.8552 | |
| VORTEX (21): | 1.1737 | |
| Stochastique (14,3,5): | 84.18 | |
| TEMA (21): | 0.8548 | |
| Williams %R (14): | -11.43 | |
| Chande Momentum Oscillator (20): | 0.0024 | |
| Repulse (5,40,3): | 0.0644 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0038 | |
| Courbe Coppock: | 0.51 |
| MA7: | 0.8526 | |
| MA20: | 0.8469 | |
| MA50: | 0.8403 | |
| MA100: | 0.8483 | |
| MAexp7: | 0.8545 | |
| MAexp20: | 0.8538 | |
| MAexp50: | 0.8534 | |
| MAexp100: | 0.8530 | |
| Price / MA7: | +0.33% | |
| Price / MA20: | +1.00% | |
| Price / MA50: | +1.80% | |
| Price / MA100: | +0.84% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.28% |
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.
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