NZD/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NZDCAD
ISIN:

NZD/CAD - 1H - Technical analysis published on 03/04/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

50%

11%

39%

My opinion

Bullish above 0.8252 CAD

My targets

0.8292 CAD (+0.0014)

0.8311 CAD (+0.0033)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for NZD/CAD as long as the price remains well above 0.8252 CAD. The buyers' bullish objective is set at 0.8292 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.8311 CAD. If there is any crossing, the next objective would be the resistance located at 0.8328 CAD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.8292 CAD. On this resistance, against the trend traders who would like to go short on NZD/CAD with a bearish signal from their trading strategy, should not hesitate to act.

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

Comment on the analysis

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 dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NZD/CAD rating 0.8278 CAD. The price registered a decrease of -0.07% on the session with the lowest point at 0.8264 CAD and the highest point at 0.8295 CAD. The deviation from the price is +0.17% for the low point and -0.20% for the high point.

0.8264

0.8295

0.8278

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by NZD/CAD:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of NZD/CAD indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of triangle

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8186	0.8252	0.8277	0.8278	0.8292	0.8311	0.8328
Change (%)	-1.11%	-0.31%	-0.01%	-	+0.17%	+0.40%	+0.60%
Change	-0.0092	-0.0026	-0.0001	-	+0.0014	+0.0033	+0.0050
Level	Major	Major	Minor	-	Minor	Minor	Minor

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	0.8222	0.8238	0.8261	0.8277	0.8300	0.8316	0.8339
Camarilla	0.8273	0.8277	0.8280	0.8284	0.8288	0.8291	0.8295
Woodie	0.8226	0.8240	0.8265	0.8279	0.8304	0.8318	0.8343
Fibonacci	0.8238	0.8253	0.8262	0.8277	0.8292	0.8301	0.8316

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8112	0.8182	0.8233	0.8303	0.8354	0.8424	0.8475
Camarilla	0.8251	0.8262	0.8273	0.8284	0.8295	0.8306	0.8317
Woodie	0.8103	0.8177	0.8224	0.8298	0.8345	0.8419	0.8466
Fibonacci	0.8182	0.8228	0.8257	0.8303	0.8349	0.8378	0.8424

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7924	0.8038	0.8148	0.8262	0.8372	0.8486	0.8596
Camarilla	0.8197	0.8218	0.8239	0.8259	0.8280	0.8300	0.8321
Woodie	0.7923	0.8037	0.8147	0.8261	0.8371	0.8485	0.8595
Fibonacci	0.8038	0.8123	0.8176	0.8262	0.8347	0.8400	0.8486

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):	54.85
MACD (12,26,9):	0.0000
Directional Movement:	6.8423
AROON (14):	-28.5714
DEMA (21):	0.8273
Parabolic SAR (0,02-0,02-0,2):	0.8287
Elder Ray (13):	0.0001
Super Trend (3,10):	0.8293
Zig ZAG (10):	0.8278
VORTEX (21):	1.0205
Stochastique (14,3,5):	30.11
TEMA (21):	0.8273
Williams %R (14):	-70.97
Chande Momentum Oscillator (20):	0.0006
Repulse (5,40,3):	0.0688
ROCnROLL:	1
TRIX (15,9):	0.0012
Courbe Coppock:	0.11

MA7:	0.8305
MA20:	0.8280
MA50:	0.8283
MA100:	0.8247
MAexp7:	0.8272
MAexp20:	0.8272
MAexp50:	0.8274
MAexp100:	0.8284
Price / MA7:	-0.33%
Price / MA20:	-0.02%
Price / MA50:	-0.06%
Price / MA100:	+0.38%
Price / MAexp7:	+0.06%
Price / MAexp20:	+0.06%
Price / MAexp50:	+0.04%
Price / MAexp100:	-0.08%

Quotes : - Real time data - Forex

News

The latest news and videos published on NZD/CAD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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