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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 12/01/2023 (GMT)

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

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Slightly bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 0.8328 CAD
My targets
0.8377 CAD (+0.0020)
0.8394 CAD (+0.0037)
My analysis
The basic trend is currently slightly bullish on NZD/CAD and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 0.8328 CAD, purchases could be favourable. The first bullish objective would be the resistance located at 0.8377 CAD. Then the price could move towards 0.8394 CAD. Then 0.8419 CAD by extension. A return under the support to 0.8328 CAD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.5

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.

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

Additional analysis

Quotes

The NZD/CAD price is 0.8357 CAD. The price has increased by +0.12% since the last closing with the lowest point at 0.8313 CAD and the highest point at 0.8382 CAD. The deviation from the price is +0.53% for the low point and -0.30% for the high point.

0.8313
0.8382
0.8357

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

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 1H chart of NZD/CAD indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



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.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.8235 0.8280 0.8328 0.8357 0.8358 0.8377 0.8394
Change (%) -1.46% -0.92% -0.35% - +0.01% +0.24% +0.44%
Change -0.0122 -0.0077 -0.0029 - +0.0001 +0.0020 +0.0037
Level Minor Intermediate Intermediate - Intermediate Minor Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.82530.82900.83190.83560.83850.84220.8451
Camarilla0.83290.83350.83410.83470.83530.83590.8365
Woodie0.82480.82880.83140.83540.83800.84200.8446
Fibonacci0.82900.83160.83310.83560.83820.83970.8422


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.80610.81310.82140.82840.83670.84370.8520
Camarilla0.82560.82700.82840.82980.83120.83260.8340
Woodie0.80690.81340.82220.82870.83750.84400.8528
Fibonacci0.81310.81890.82250.82840.83420.83780.8437


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.77490.78940.81200.82650.84910.86360.8862
Camarilla0.82450.82790.83130.83470.83810.84150.8449
Woodie0.77910.79140.81620.82850.85330.86560.8904
Fibonacci0.78940.80350.81230.82650.84060.84940.8636

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 48.67
MACD (12,26,9): -0.0006
Directional Movement: -1.9356
AROON (14): -85.7143
DEMA (21): 0.8339
Parabolic SAR (0,02-0,02-0,2): 0.8361
Elder Ray (13): 0.0004
Super Trend (3,10): 0.8376
Zig ZAG (10): 0.8346
VORTEX (21): 0.9636
Stochastique (14,3,5): 36.94
TEMA (21): 0.8335
Williams %R (14): -43.86
Chande Momentum Oscillator (20): -0.0001
Repulse (5,40,3): 0.1062
ROCnROLL: -1
TRIX (15,9): -0.0104
Courbe Coppock: 0.38
MA7: 0.8326
MA20: 0.8243
MA50: 0.8148
MA100: 0.8117
MAexp7: 0.8341
MAexp20: 0.8347
MAexp50: 0.8351
MAexp100: 0.8341
Price / MA7: +0.37%
Price / MA20: +1.38%
Price / MA50: +2.57%
Price / MA100: +2.96%
Price / MAexp7: +0.19%
Price / MAexp20: +0.12%
Price / MAexp50: +0.07%
Price / MAexp100: +0.19%

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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