NZD/CAD - 1H - Technical analysis published on 12/04/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
44%
28%
28%
My opinion
Bullish above 0.8607 CAD
My targets
0.8682 CAD (+0.0023)
0.8703 CAD (+0.0044)
My analysis
The basic bullish trend is very strong on NZD/CAD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.8607 CAD. Crossing the first resistance at 0.8682 CAD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.8703 CAD as an objective. Crossing it would then enable buyers to target 0.8847 CAD. Caution, a return to below 0.8607 CAD would be a sign of a consolidation phase in the short-term basic trend. 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.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
5.2
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Additional analysis
Quotes
The NZD/CAD price is 0.8659 CAD. On the day, this instrument lost -0.05% and was between 0.8638 CAD and 0.8677 CAD. This implies that the price is at +0.24% from its lowest and at -0.21% from its highest.0.8638
0.8677
0.8659
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
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 NZD/CAD in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.8534 | 0.8550 | 0.8658 | 0.8659 | 0.8682 | 0.8847 | 0.8972 |
| Change (%) | -1.44% | -1.26% | -0.01% | - | +0.27% | +2.17% | +3.61% |
| Change | -0.0125 | -0.0109 | -0.0001 | - | +0.0023 | +0.0188 | +0.0313 |
| Level | Intermediate | Minor | Minor | - | Major | Intermediate | Minor |
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 | 0.8603 | 0.8623 | 0.8643 | 0.8663 | 0.8683 | 0.8703 | 0.8723 |
| Camarilla | 0.8652 | 0.8656 | 0.8659 | 0.8663 | 0.8667 | 0.8670 | 0.8674 |
| Woodie | 0.8603 | 0.8623 | 0.8643 | 0.8663 | 0.8683 | 0.8703 | 0.8723 |
| Fibonacci | 0.8623 | 0.8638 | 0.8648 | 0.8663 | 0.8678 | 0.8688 | 0.8703 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8454 | 0.8480 | 0.8505 | 0.8531 | 0.8556 | 0.8582 | 0.8607 |
| Camarilla | 0.8516 | 0.8521 | 0.8525 | 0.8530 | 0.8535 | 0.8539 | 0.8544 |
| Woodie | 0.8454 | 0.8480 | 0.8505 | 0.8531 | 0.8556 | 0.8582 | 0.8607 |
| Fibonacci | 0.8480 | 0.8500 | 0.8512 | 0.8531 | 0.8551 | 0.8563 | 0.8582 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8176 | 0.8263 | 0.8396 | 0.8483 | 0.8616 | 0.8703 | 0.8836 |
| Camarilla | 0.8470 | 0.8490 | 0.8510 | 0.8530 | 0.8550 | 0.8570 | 0.8591 |
| Woodie | 0.8200 | 0.8275 | 0.8420 | 0.8495 | 0.8640 | 0.8715 | 0.8860 |
| Fibonacci | 0.8263 | 0.8347 | 0.8399 | 0.8483 | 0.8567 | 0.8619 | 0.8703 |
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): | 51.03 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 0.9483 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 0.8653 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8660 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 0.8641 | |
| Zig ZAG (10): | 0.8653 | |
| VORTEX (21): | 0.9227 | |
| Stochastique (14,3,5): | 23.93 | |
| TEMA (21): | 0.8643 | |
| Williams %R (14): | -58.97 | |
| Chande Momentum Oscillator (20): | -0.0012 | |
| Repulse (5,40,3): | 0.0826 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.35 |
| MA7: | 0.8581 | |
| MA20: | 0.8506 | |
| MA50: | 0.8421 | |
| MA100: | 0.8479 | |
| MAexp7: | 0.8650 | |
| MAexp20: | 0.8654 | |
| MAexp50: | 0.8641 | |
| MAexp100: | 0.8613 | |
| Price / MA7: | +0.91% | |
| Price / MA20: | +1.80% | |
| Price / MA50: | +2.83% | |
| Price / MA100: | +2.12% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.53% |
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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