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 05/14/2023 (GMT)

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

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 0.8414 CAD
My targets
0.8375 CAD (-0.0025)
0.8362 CAD (-0.0038)
My analysis
NZD/CAD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.8414 CAD. The next support located at 0.8375 CAD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.8362 CAD. Below this support, sellers could then target 0.8280 CAD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6

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 Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NZD/CAD rating is 0.8400 CAD. The price registered an increase of +0.26% on the session with the lowest point at 0.8400 CAD and the highest point at 0.8408 CAD. The deviation from the price is 0% for the low point and -0.10% for the high point.

0.8400
0.8408
0.8400

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

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:

Central Records

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 overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour



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

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.8280 0.8362 0.8375 0.8400 0.8414 0.8443 0.8461
Change (%) -1.43% -0.45% -0.30% - +0.17% +0.51% +0.73%
Change -0.0120 -0.0038 -0.0025 - +0.0014 +0.0043 +0.0061
Level Intermediate Major Intermediate - Minor Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.82120.82930.83360.84170.84600.85410.8584
Camarilla0.83440.83550.83670.83780.83890.84010.8412
Woodie0.81920.82840.83160.84080.84400.85320.8564
Fibonacci0.82930.83410.83700.84170.84650.84940.8541


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.81600.82670.83230.84300.84860.85930.8649
Camarilla0.83330.83480.83630.83780.83930.84080.8423
Woodie0.81340.82540.82970.84170.84600.85800.8623
Fibonacci0.82670.83300.83680.84300.84930.85310.8593


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.79230.80930.82300.84000.85370.87070.8844
Camarilla0.82840.83120.83400.83680.83960.84240.8452
Woodie0.79080.80850.82150.83920.85220.86990.8829
Fibonacci0.80930.82100.82820.84000.85170.85890.8707

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): 25.27
MACD (12,26,9): -0.0025
Directional Movement: -23.3419
AROON (14): -57.1428
DEMA (21): 0.8382
Parabolic SAR (0,02-0,02-0,2): 0.8375
Elder Ray (13): -0.0014
Super Trend (3,10): 0.8431
Zig ZAG (10): 0.8378
VORTEX (21): 0.6637
Stochastique (14,3,5): 18.52
TEMA (21): 0.8373
Williams %R (14): -95.83
Chande Momentum Oscillator (20): -0.0043
Repulse (5,40,3): -0.2312
ROCnROLL: 2
TRIX (15,9): -0.0438
Courbe Coppock: 1.29
MA7: 0.8465
MA20: 0.8394
MA50: 0.8437
MA100: 0.8483
MAexp7: 0.8391
MAexp20: 0.8415
MAexp50: 0.8449
MAexp100: 0.8462
Price / MA7: -0.77%
Price / MA20: +0.07%
Price / MA50: -0.44%
Price / MA100: -0.98%
Price / MAexp7: +0.11%
Price / MAexp20: -0.18%
Price / MAexp50: -0.58%
Price / MAexp100: -0.73%

Quotes : - Real time data - Forex

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

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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