NZD/CAD - 1H - Technical analysis published on 03/16/2020 (GMT)
- Who voted?
- 192
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Strongly bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 0.8458 CAD
My targets
0.8373 CAD (-0.0021)
0.8330 CAD (-0.0064)
My analysis
With a strongly bearish trend, the price of NZD/CAD is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.8458 CAD remains possible. It would be possible for traders to only trade short positions (for sale) on NZD/CAD as long as the price remains well below 0.8458 CAD. The next bearish objective for sellers is set at 0.8373 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8330 CAD. In case of crossing, the next objective would be the support located at 0.8251 CAD.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
2.5
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/CAD rating is 0.8394 CAD. On the day, this instrument lost +0.19% and was between 0.8284 CAD and 0.8472 CAD. This implies that the price is at +1.33% from its lowest and at -0.92% from its highest.0.8284
0.8472
0.8394
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
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
Technical analysis of this 1H chart of NZD/CAD indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. 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
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
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 horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8251 | 0.8330 | 0.8373 | 0.8394 | 0.8467 | 0.8535 | 0.8636 |
| Change (%) | -1.70% | -0.76% | -0.25% | - | +0.87% | +1.68% | +2.88% |
| Change | -0.0143 | -0.0064 | -0.0021 | - | +0.0073 | +0.0141 | +0.0242 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | 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 | 0.8076 | 0.8217 | 0.8298 | 0.8439 | 0.8520 | 0.8661 | 0.8742 |
| Camarilla | 0.8317 | 0.8337 | 0.8358 | 0.8378 | 0.8398 | 0.8419 | 0.8439 |
| Woodie | 0.8045 | 0.8202 | 0.8267 | 0.8424 | 0.8489 | 0.8646 | 0.8711 |
| Fibonacci | 0.8217 | 0.8302 | 0.8355 | 0.8439 | 0.8524 | 0.8577 | 0.8661 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7698 | 0.7978 | 0.8178 | 0.8458 | 0.8658 | 0.8938 | 0.9138 |
| Camarilla | 0.8246 | 0.8290 | 0.8334 | 0.8378 | 0.8422 | 0.8466 | 0.8510 |
| Woodie | 0.7658 | 0.7958 | 0.8138 | 0.8438 | 0.8618 | 0.8918 | 0.9098 |
| Fibonacci | 0.7978 | 0.8161 | 0.8275 | 0.8458 | 0.8641 | 0.8755 | 0.8938 |
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): | 50.51 | |
| MACD (12,26,9): | -0.0017 | |
| Directional Movement: | 2.2230 | |
| AROON (14): | 0 | |
| DEMA (21): | 0.8374 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8284 | |
| Elder Ray (13): | 0.0027 | |
| Super Trend (3,10): | 0.8512 | |
| Zig ZAG (10): | 0.8421 | |
| VORTEX (21): | 0.9912 | |
| Stochastique (14,3,5): | 79.55 | |
| TEMA (21): | 0.8388 | |
| Williams %R (14): | -15.25 | |
| Chande Momentum Oscillator (20): | 0.0064 | |
| Repulse (5,40,3): | 0.3591 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0508 | |
| Courbe Coppock: | 0.34 |
| MA7: | 0.8533 | |
| MA20: | 0.8454 | |
| MA50: | 0.8544 | |
| MA100: | 0.8562 | |
| MAexp7: | 0.8398 | |
| MAexp20: | 0.8402 | |
| MAexp50: | 0.8453 | |
| MAexp100: | 0.8497 | |
| Price / MA7: | -1.63% | |
| Price / MA20: | -0.71% | |
| Price / MA50: | -1.76% | |
| Price / MA100: | -1.96% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.69% | |
| Price / MAexp100: | -1.20% |
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis NZD/CAD - 1H