NZD/CAD - 1H - Technical analysis published on 03/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
72%
6%
22%
My opinion
Neutral between 0.8330 CAD and 0.8401 CAD
My targets
-
My analysis
The short-term increase on NZD/CAD remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 0.8401 CAD. The first support is located at 0.8330 CAD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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 rating is 0.8364 CAD. The price registered a decrease of +0.18% on the session and was traded between 0.8334 CAD and 0.8385 CAD over the period. The price is currently at +0.36% from its lowest and -0.25% from its highest.0.8334
0.8385
0.8364
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
Here is a more detailed summary of the historical variations registered by NZD/CAD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/CAD chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 0.8301 | 0.8314 | 0.8330 | 0.8364 | 0.8366 | 0.8401 | 0.8417 |
| Change (%) | -0.75% | -0.60% | -0.41% | - | +0.02% | +0.44% | +0.63% |
| Change | -0.0063 | -0.0050 | -0.0034 | - | +0.0002 | +0.0037 | +0.0053 |
| Level | Major | Intermediate | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8210 | 0.8256 | 0.8302 | 0.8348 | 0.8394 | 0.8440 | 0.8486 |
| Camarilla | 0.8324 | 0.8332 | 0.8341 | 0.8349 | 0.8357 | 0.8366 | 0.8374 |
| Woodie | 0.8211 | 0.8256 | 0.8303 | 0.8348 | 0.8395 | 0.8440 | 0.8487 |
| Fibonacci | 0.8256 | 0.8291 | 0.8313 | 0.8348 | 0.8383 | 0.8405 | 0.8440 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8154 | 0.8234 | 0.8303 | 0.8383 | 0.8452 | 0.8532 | 0.8601 |
| Camarilla | 0.8331 | 0.8345 | 0.8358 | 0.8372 | 0.8386 | 0.8399 | 0.8413 |
| Woodie | 0.8149 | 0.8231 | 0.8298 | 0.8380 | 0.8447 | 0.8529 | 0.8596 |
| Fibonacci | 0.8234 | 0.8291 | 0.8326 | 0.8383 | 0.8440 | 0.8475 | 0.8532 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7926 | 0.8120 | 0.8246 | 0.8440 | 0.8566 | 0.8760 | 0.8886 |
| Camarilla | 0.8284 | 0.8313 | 0.8343 | 0.8372 | 0.8401 | 0.8431 | 0.8460 |
| Woodie | 0.7892 | 0.8103 | 0.8212 | 0.8423 | 0.8532 | 0.8743 | 0.8852 |
| Fibonacci | 0.8120 | 0.8242 | 0.8318 | 0.8440 | 0.8562 | 0.8638 | 0.8760 |
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): | 54.12 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 5.2223 | |
| AROON (14): | 85.7142 | |
| DEMA (21): | 0.8355 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8323 | |
| Elder Ray (13): | 0.0009 | |
| Super Trend (3,10): | 0.8320 | |
| Zig ZAG (10): | 0.8362 | |
| VORTEX (21): | 0.9865 | |
| Stochastique (14,3,5): | 78.65 | |
| TEMA (21): | 0.8361 | |
| Williams %R (14): | -32.86 | |
| Chande Momentum Oscillator (20): | 0.0019 | |
| Repulse (5,40,3): | -0.0482 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0015 | |
| Courbe Coppock: | 0.18 |
| MA7: | 0.8392 | |
| MA20: | 0.8466 | |
| MA50: | 0.8582 | |
| MA100: | 0.8547 | |
| MAexp7: | 0.8359 | |
| MAexp20: | 0.8354 | |
| MAexp50: | 0.8361 | |
| MAexp100: | 0.8375 | |
| Price / MA7: | -0.33% | |
| Price / MA20: | -1.20% | |
| Price / MA50: | -2.54% | |
| Price / MA100: | -2.14% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | -0.13% |
News
Don"t forget to follow the news on NZD/CAD. At the time of publication of this analysis, the latest news was as follows:
-
New Zealand Dollar Soars on RBNZ: NZD/USD, NZD/JPY, NZD/CAD Analysis
-
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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