NZD/CAD - 1H - Technical analysis published on 12/05/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 0.8639 CAD
My targets
0.8556 CAD (-0.0046)
0.8534 CAD (-0.0068)
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 0.8639 CAD. The next support located at 0.8556 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 0.8534 CAD. Below this support, sellers could then target 0.8515 CAD.
In the very short term, technical indicators are neutral, 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 0.8602 CAD. The price is lower by -0.42% since the last closing and was between 0.8597 CAD and 0.8652 CAD. This implies that the price is at +0.06% from its lowest and at -0.58% from its highest.0.8597
0.8652
0.8602
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
Technical analysis of this 1H chart of NZD/CAD indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 2 are neutral and 12 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.8515 | 0.8534 | 0.8556 | 0.8602 | 0.8609 | 0.8639 | 0.8658 |
| Change (%) | -1.01% | -0.79% | -0.53% | - | +0.08% | +0.43% | +0.65% |
| Change | -0.0087 | -0.0068 | -0.0046 | - | +0.0007 | +0.0037 | +0.0056 |
| Level | Major | Intermediate | Major | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8536 | 0.8573 | 0.8605 | 0.8642 | 0.8674 | 0.8711 | 0.8743 |
| Camarilla | 0.8619 | 0.8625 | 0.8632 | 0.8638 | 0.8644 | 0.8651 | 0.8657 |
| Woodie | 0.8535 | 0.8572 | 0.8604 | 0.8641 | 0.8673 | 0.8710 | 0.8742 |
| Fibonacci | 0.8573 | 0.8599 | 0.8615 | 0.8642 | 0.8668 | 0.8684 | 0.8711 |
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): | 35.21 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | -9.9466 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 0.8607 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8637 | |
| Elder Ray (13): | -0.0012 | |
| Super Trend (3,10): | 0.8638 | |
| Zig ZAG (10): | 0.8603 | |
| VORTEX (21): | 0.8796 | |
| Stochastique (14,3,5): | 8.75 | |
| TEMA (21): | 0.8602 | |
| Williams %R (14): | -89.09 | |
| Chande Momentum Oscillator (20): | -0.0038 | |
| Repulse (5,40,3): | -0.0535 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0155 | |
| Courbe Coppock: | 0.31 |
| MA7: | 0.8589 | |
| MA20: | 0.8516 | |
| MA50: | 0.8426 | |
| MA100: | 0.8476 | |
| MAexp7: | 0.8609 | |
| MAexp20: | 0.8620 | |
| MAexp50: | 0.8629 | |
| MAexp100: | 0.8617 | |
| Price / MA7: | +0.15% | |
| Price / MA20: | +1.01% | |
| Price / MA50: | +2.09% | |
| Price / MA100: | +1.49% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.31% | |
| Price / MAexp100: | -0.17% |
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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