Londinia Opportunities Analyses - 05/07/2024 (GMT) NZD/CAD - 1H

- CAD (-)

- Real time data - Forex

Type:	Forex
Ticker:	NZDCAD
ISIN:

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.8206 CAD

My targets

0.8280 CAD (+0.0042)

0.8311 CAD (+0.0073)

My analysis

NZD/CAD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.8206 CAD. The next resistance located at 0.8280 CAD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.8311 CAD. After this resistance, buyers could then target 0.8391 CAD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem 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

8.8

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Additional analysis

Quotes

The NZD/CAD rating is 0.8238 CAD. The price registered an increase of +0.29% on the session and was between 0.8212 CAD and 0.8247 CAD. This implies that the price is at +0.32% from its lowest and at -0.11% from its highest.

0.8212

0.8247

0.8238

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

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

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 NZD/CAD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8150	0.8172	0.8206	0.8238	0.8241	0.8311	0.8391
Change (%)	-1.07%	-0.80%	-0.39%	-	+0.04%	+0.89%	+1.86%
Change	-0.0088	-0.0066	-0.0032	-	+0.0003	+0.0073	+0.0153
Level	Minor	Minor	Major	-	Major	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8162	0.8183	0.8199	0.8220	0.8236	0.8257	0.8273
Camarilla	0.8204	0.8207	0.8211	0.8214	0.8217	0.8221	0.8224
Woodie	0.8159	0.8182	0.8196	0.8219	0.8233	0.8256	0.8270
Fibonacci	0.8183	0.8198	0.8206	0.8220	0.8235	0.8243	0.8257

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7986	0.8039	0.8133	0.8186	0.8280	0.8333	0.8427
Camarilla	0.8186	0.8199	0.8213	0.8226	0.8240	0.8253	0.8266
Woodie	0.8006	0.8049	0.8153	0.8196	0.8300	0.8343	0.8447
Fibonacci	0.8039	0.8096	0.8130	0.8186	0.8243	0.8277	0.8333

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7841	0.7953	0.8025	0.8137	0.8209	0.8321	0.8393
Camarilla	0.8046	0.8063	0.8080	0.8097	0.8114	0.8131	0.8148
Woodie	0.7821	0.7943	0.8005	0.8127	0.8189	0.8311	0.8373
Fibonacci	0.7953	0.8023	0.8067	0.8137	0.8207	0.8251	0.8321

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):	59.80
MACD (12,26,9):	0.0006
Directional Movement:	14.2136
AROON (14):	64.2857
DEMA (21):	0.8234
Parabolic SAR (0,02-0,02-0,2):	0.8220
Elder Ray (13):	0.0006
Super Trend (3,10):	0.8210
Zig ZAG (10):	0.8237
VORTEX (21):	1.1238
Stochastique (14,3,5):	73.33
TEMA (21):	0.8236
Williams %R (14):	-28.57
Chande Momentum Oscillator (20):	0.0017
Repulse (5,40,3):	0.0322
ROCnROLL:	1
TRIX (15,9):	0.0065
Courbe Coppock:	0.38

MA7:	0.8174
MA20:	0.8153
MA50:	0.8189
MA100:	0.8239
MAexp7:	0.8235
MAexp20:	0.8228
MAexp50:	0.8216
MAexp100:	0.8196
Price / MA7:	+0.78%
Price / MA20:	+1.04%
Price / MA50:	+0.60%
Price / MA100:	-0.01%
Price / MAexp7:	+0.04%
Price / MAexp20:	+0.12%
Price / MAexp50:	+0.27%
Price / MAexp100:	+0.51%

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: