NZD/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	NZDCAD
ISIN:

NZD/CAD - Weekly - Technical analysis published on 03/11/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

61%

33%

My opinion

Bullish above 0.8186 CAD

My targets

0.8631 CAD (+0.0313)

0.8758 CAD (+0.0440)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on NZD/CAD. This is a positive signal for buyers. As long as the price remains above 0.8186 CAD, a purchase could be considered. The first bullish objective is located at 0.8631 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.8758 CAD as an objective. Crossing it would then enable buyers to target 0.9026 CAD. In the event of a return below 0.8186 CAD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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

Additional analysis

Quotes

The NZD/CAD price is 0.8318 CAD. The price registered an increase of +0.53% over 5 days with the lowest point at 0.8280 CAD and the highest point at 0.8347 CAD. The deviation from the price is +0.46% for the low point and -0.35% for the high point.

0.8280

0.8347

0.8318

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:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of NZD/CAD indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Momentum indicator is back under 0

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Weekly

Resistance of channel is broken

Type : Bullish

Timeframe : Weekly

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.7679	0.7977	0.8186	0.8318	0.8379	0.8631	0.8758
Change (%)	-7.68%	-4.10%	-1.59%	-	+0.73%	+3.76%	+5.29%
Change	-0.0639	-0.0341	-0.0132	-	+0.0061	+0.0313	+0.0440
Level	Major	Major	Major	-	Intermediate	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8244	0.8268	0.8300	0.8324	0.8356	0.8380	0.8412
Camarilla	0.8318	0.8323	0.8328	0.8333	0.8338	0.8343	0.8348
Woodie	0.8249	0.8270	0.8305	0.8326	0.8361	0.8382	0.8417
Fibonacci	0.8268	0.8289	0.8302	0.8324	0.8345	0.8358	0.8380

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8176	0.8213	0.8273	0.8310	0.8370	0.8407	0.8467
Camarilla	0.8306	0.8315	0.8324	0.8333	0.8342	0.8351	0.8360
Woodie	0.8188	0.8219	0.8285	0.8316	0.8382	0.8413	0.8479
Fibonacci	0.8213	0.8250	0.8273	0.8310	0.8347	0.8370	0.8407

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	53.66
MACD (12,26,9):	0.0028
Directional Movement:	3.7986
AROON (14):	-64.2857
DEMA (21):	0.8302
Parabolic SAR (0,02-0,02-0,2):	0.8164
Elder Ray (13):	0.0041
Super Trend (3,10):	0.8416
Zig ZAG (10):	0.8317
VORTEX (21):	1.1360
Stochastique (14,3,5):	60.50
TEMA (21):	0.8330
Williams %R (14):	-37.36
Chande Momentum Oscillator (20):	-0.0035
Repulse (5,40,3):	0.5271
ROCnROLL:	1
TRIX (15,9):	0.0471
Courbe Coppock:	0.50

MA7:	0.8296
MA20:	0.8296
MA50:	0.8277
MA100:	0.8261
MAexp7:	0.8301
MAexp20:	0.8268
MAexp50:	0.8256
MAexp100:	0.8306
Price / MA7:	+0.27%
Price / MA20:	+0.27%
Price / MA50:	+0.50%
Price / MA100:	+0.69%
Price / MAexp7:	+0.20%
Price / MAexp20:	+0.60%
Price / MAexp50:	+0.75%
Price / MAexp100:	+0.14%

Quotes : - Real time data - Forex

News

The last news published on NZD/CAD at the time of the generation of this analysis was as follows:

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

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