NZD/CAD - 1H - Technical analysis published on 04/02/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 0.8391 CAD
My targets
0.8459 CAD (+0.0041)
0.8535 CAD (+0.0117)
My analysis
The strong short-term increase for NZD/CAD reinforces the current slightly bullish trend. As long as the price remains above 0.8391 CAD, you could take advantage of this bullish acceleration. The first bullish objective is located at 0.8459 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.8535 CAD as an objective. Crossing it would then enable buyers to target 0.8682 CAD. A return to 0.8391 CAD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
3.4
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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 0.8418 CAD. The price has increased by +0.24% since the last closing and was between 0.8381 CAD and 0.8429 CAD. This implies that the price is at +0.44% from its lowest and at -0.13% from its highest.0.8381
0.8429
0.8418
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 (5 years)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of NZD/CAD indicates that the overall trend is slightly bullish. Only 50% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
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 | 0.8391 | 0.8418 | 0.8459 | 0.8535 | 0.8682 |
| Change (%) | -1.98% | -1.05% | -0.32% | - | +0.49% | +1.39% | +3.14% |
| Change | -0.0167 | -0.0088 | -0.0027 | - | +0.0041 | +0.0117 | +0.0264 |
| Level | Major | Major | Minor | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8211 | 0.8279 | 0.8339 | 0.8407 | 0.8467 | 0.8535 | 0.8595 |
| Camarilla | 0.8363 | 0.8375 | 0.8386 | 0.8398 | 0.8410 | 0.8422 | 0.8433 |
| Woodie | 0.8206 | 0.8277 | 0.8334 | 0.8405 | 0.8462 | 0.8533 | 0.8590 |
| Fibonacci | 0.8279 | 0.8328 | 0.8358 | 0.8407 | 0.8456 | 0.8486 | 0.8535 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7798 | 0.7943 | 0.8202 | 0.8347 | 0.8606 | 0.8751 | 0.9010 |
| Camarilla | 0.8351 | 0.8388 | 0.8425 | 0.8462 | 0.8499 | 0.8536 | 0.8573 |
| Woodie | 0.7856 | 0.7972 | 0.8260 | 0.8376 | 0.8664 | 0.8780 | 0.9068 |
| Fibonacci | 0.7943 | 0.8097 | 0.8192 | 0.8347 | 0.8501 | 0.8596 | 0.8751 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7295 | 0.7656 | 0.8016 | 0.8377 | 0.8737 | 0.9098 | 0.9458 |
| Camarilla | 0.8178 | 0.8244 | 0.8310 | 0.8376 | 0.8442 | 0.8508 | 0.8574 |
| Woodie | 0.7295 | 0.7656 | 0.8016 | 0.8377 | 0.8737 | 0.9098 | 0.9458 |
| Fibonacci | 0.7656 | 0.7931 | 0.8102 | 0.8377 | 0.8652 | 0.8823 | 0.9098 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.20 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -2.7525 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 0.8401 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8381 | |
| Elder Ray (13): | 0.0009 | |
| Super Trend (3,10): | 0.8477 | |
| Zig ZAG (10): | 0.8421 | |
| VORTEX (21): | 0.9926 | |
| Stochastique (14,3,5): | 44.85 | |
| TEMA (21): | 0.8405 | |
| Williams %R (14): | -21.15 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | 0.1078 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0069 | |
| Courbe Coppock: | 0.26 |
| MA7: | 0.8403 | |
| MA20: | 0.8425 | |
| MA50: | 0.8472 | |
| MA100: | 0.8556 | |
| MAexp7: | 0.8404 | |
| MAexp20: | 0.8404 | |
| MAexp50: | 0.8416 | |
| MAexp100: | 0.8416 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | -0.08% | |
| Price / MA50: | -0.64% | |
| Price / MA100: | -1.61% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.02% |
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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