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NZD/CAD
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 03/29/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 0.8144 CAD
My targets
0.8090 CAD (-0.0009)
0.8025 CAD (-0.0074)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.8144 CAD remains possible. It is advisable to trade NZD/CAD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.8144 CAD. The next bearish objective for sellers is set at 0.8090 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8025 CAD. In case of crossing, the next objective would be the support located at 0.7977 CAD. PS: if there is a bullish break in the resistance located at 0.8144 CAD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.9

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.

Bader almutairi
This analysis was given by Bader almutairi. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NZD/CAD rating is 0.8099 CAD. On the day, this instrument gained +0.16% with the lowest point at 0.8080 CAD and the highest point at 0.8113 CAD. The deviation from the price is +0.24% for the low point and -0.17% for the high point.

0.8080
0.8113
0.8099

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, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


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 bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 10 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.7977 0.8025 0.8090 0.8099 0.8144 0.8169 0.8186
Change (%) -1.51% -0.91% -0.11% - +0.56% +0.86% +1.07%
Change -0.0122 -0.0074 -0.0009 - +0.0045 +0.0070 +0.0087
Level Major Minor Minor - Major Minor Major



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
Standard0.79950.80380.80620.81050.81290.81720.8196
Camarilla0.80680.80740.80800.80860.80920.80980.8104
Woodie0.79860.80330.80530.81000.81200.81670.8187
Fibonacci0.80380.80640.80790.81050.81310.81460.8172


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.79960.80690.81080.81810.82200.82930.8332
Camarilla0.81150.81260.81360.81460.81560.81670.8177
Woodie0.79780.80610.80900.81730.82020.82850.8314
Fibonacci0.80690.81120.81390.81810.82240.82510.8293


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.79240.80380.81480.82620.83720.84860.8596
Camarilla0.81970.82180.82390.82590.82800.83000.8321
Woodie0.79230.80370.81470.82610.83710.84850.8595
Fibonacci0.80380.81230.81760.82620.83470.84000.8486

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): 51.26
MACD (12,26,9): -0.0001
Directional Movement: 4.4703
AROON (14): 71.4286
DEMA (21): 0.8095
Parabolic SAR (0,02-0,02-0,2): 0.8093
Elder Ray (13): 0.0003
Super Trend (3,10): 0.8113
Zig ZAG (10): 0.8101
VORTEX (21): 1.0561
Stochastique (14,3,5): 65.80
TEMA (21): 0.8101
Williams %R (14): -37.93
Chande Momentum Oscillator (20): 0.0009
Repulse (5,40,3): 0.0356
ROCnROLL: -1
TRIX (15,9): -0.0080
Courbe Coppock: 0.34
MA7: 0.8137
MA20: 0.8225
MA50: 0.8243
MA100: 0.8276
MAexp7: 0.8100
MAexp20: 0.8098
MAexp50: 0.8110
MAexp100: 0.8128
Price / MA7: -0.47%
Price / MA20: -1.53%
Price / MA50: -1.75%
Price / MA100: -2.14%
Price / MAexp7: -0.01%
Price / MAexp20: +0.01%
Price / MAexp50: -0.14%
Price / MAexp100: -0.36%

Quotes : - Real time data - Forex

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:

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

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Londinia
Londinia AI

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