NZD/CAD - Daily - Technical analysis published on 02/11/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 0.8556 CAD
My targets
0.8467 CAD (-0.0037)
0.8417 CAD (-0.0087)
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 0.8556 CAD. The next support located at 0.8467 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 0.8417 CAD. Below this support, sellers could then target 0.8330 CAD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
5.7
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 whun450. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/CAD price is 0.8504 CAD. The price is lower by -0.04% since the last closing with the lowest point at 0.8502 CAD and the highest point at 0.8507 CAD. The deviation from the price is +0.02% for the low point and -0.04% for the high point.0.8502
0.8507
0.8504
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:
Technical
Technical analysis of NZD/CAD in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of channel
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Three black crows
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8330 | 0.8417 | 0.8467 | 0.8504 | 0.8556 | 0.8620 | 0.8682 |
| Change (%) | -2.05% | -1.02% | -0.44% | - | +0.61% | +1.36% | +2.09% |
| Change | -0.0174 | -0.0087 | -0.0037 | - | +0.0052 | +0.0116 | +0.0178 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8414 | 0.8461 | 0.8489 | 0.8536 | 0.8564 | 0.8611 | 0.8639 |
| Camarilla | 0.8495 | 0.8502 | 0.8509 | 0.8516 | 0.8523 | 0.8530 | 0.8537 |
| Woodie | 0.8450 | 0.8474 | 0.8488 | 0.8531 | 0.8554 | 0.8606 | 0.8629 |
| Fibonacci | 0.8475 | 0.8490 | 0.8499 | 0.8513 | 0.8528 | 0.8537 | 0.8551 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8347 | 0.8428 | 0.8472 | 0.8553 | 0.8597 | 0.8678 | 0.8722 |
| Camarilla | 0.8482 | 0.8493 | 0.8505 | 0.8516 | 0.8528 | 0.8539 | 0.8550 |
| Woodie | 0.8329 | 0.8419 | 0.8454 | 0.8544 | 0.8579 | 0.8669 | 0.8704 |
| Fibonacci | 0.8428 | 0.8476 | 0.8505 | 0.8553 | 0.8601 | 0.8630 | 0.8678 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8279 | 0.8409 | 0.8483 | 0.8613 | 0.8687 | 0.8817 | 0.8891 |
| Camarilla | 0.8500 | 0.8519 | 0.8537 | 0.8556 | 0.8575 | 0.8593 | 0.8612 |
| Woodie | 0.8250 | 0.8395 | 0.8454 | 0.8599 | 0.8658 | 0.8803 | 0.8862 |
| Fibonacci | 0.8409 | 0.8487 | 0.8535 | 0.8613 | 0.8691 | 0.8739 | 0.8817 |
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): | 34.35 | |
| MACD (12,26,9): | -0.0029 | |
| Directional Movement: | -13.4620 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 0.8571 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8623 | |
| Elder Ray (13): | -0.0060 | |
| Super Trend (3,10): | 0.8639 | |
| Zig ZAG (10): | 0.8505 | |
| VORTEX (21): | 0.8548 | |
| Stochastique (14,3,5): | 4.01 | |
| TEMA (21): | 0.8538 | |
| Williams %R (14): | -97.54 | |
| Chande Momentum Oscillator (20): | -0.0186 | |
| Repulse (5,40,3): | -1.1525 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0314 | |
| Courbe Coppock: | 1.92 |
| MA7: | 0.8568 | |
| MA20: | 0.8613 | |
| MA50: | 0.8656 | |
| MA100: | 0.8532 | |
| MAexp7: | 0.8560 | |
| MAexp20: | 0.8602 | |
| MAexp50: | 0.8610 | |
| MAexp100: | 0.8594 | |
| Price / MA7: | -0.75% | |
| Price / MA20: | -1.27% | |
| Price / MA50: | -1.76% | |
| Price / MA100: | -0.33% | |
| Price / MAexp7: | -0.65% | |
| Price / MAexp20: | -1.14% | |
| Price / MAexp50: | -1.23% | |
| Price / MAexp100: | -1.05% |
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.
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