NZD/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	NZDCAD
ISIN:

NZD/CAD - Daily - Technical analysis published on 03/07/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

28%

44%

My opinion

Bullish above 0.8186 CAD

My targets

0.8379 CAD (+0.0083)

0.8420 CAD (+0.0124)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NZD/CAD as long as the price remains well above 0.8186 CAD. The buyers' bullish objective is set at 0.8379 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.8420 CAD. If there is any crossing, the next objective would be the resistance located at 0.8631 CAD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

5.4

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

Additional analysis

Quotes

The NZD/CAD price is 0.8296 CAD. On the day, this instrument gained +0.19% with the lowest point at 0.8280 CAD and the highest point at 0.8300 CAD. The deviation from the price is +0.19% for the low point and -0.05% for the high point.

0.8280

0.8300

0.8296

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NZD/CAD in Daily shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 8 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

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	0.8036	0.8090	0.8186	0.8296	0.8311	0.8379	0.8420
Change (%)	-3.13%	-2.48%	-1.33%	-	+0.18%	+1.00%	+1.49%
Change	-0.0260	-0.0206	-0.0110	-	+0.0015	+0.0083	+0.0124
Level	Minor	Minor	Major	-	Minor	Major	Minor

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	0.8205	0.8227	0.8254	0.8276	0.8303	0.8325	0.8352
Camarilla	0.8267	0.8271	0.8276	0.8280	0.8285	0.8289	0.8294
Woodie	0.8207	0.8228	0.8256	0.8277	0.8305	0.8326	0.8354
Fibonacci	0.8227	0.8246	0.8258	0.8276	0.8295	0.8307	0.8325

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8112	0.8182	0.8233	0.8303	0.8354	0.8424	0.8475
Camarilla	0.8251	0.8262	0.8273	0.8284	0.8295	0.8306	0.8317
Woodie	0.8103	0.8177	0.8224	0.8298	0.8345	0.8419	0.8466
Fibonacci	0.8182	0.8228	0.8257	0.8303	0.8349	0.8378	0.8424

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 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):	52.06
MACD (12,26,9):	0.0006
Directional Movement:	-1.2302
AROON (14):	21.4286
DEMA (21):	0.8293
Parabolic SAR (0,02-0,02-0,2):	0.8356
Elder Ray (13):	0.0002
Super Trend (3,10):	0.8200
Zig ZAG (10):	0.8292
VORTEX (21):	1.0594
Stochastique (14,3,5):	39.12
TEMA (21):	0.8298
Williams %R (14):	-64.06
Chande Momentum Oscillator (20):	-0.0047
Repulse (5,40,3):	0.2081
ROCnROLL:	1
TRIX (15,9):	0.0177
Courbe Coppock:	0.58

MA7:	0.8277
MA20:	0.8289
MA50:	0.8278
MA100:	0.8254
MAexp7:	0.8287
MAexp20:	0.8284
MAexp50:	0.8275
MAexp100:	0.8256
Price / MA7:	+0.23%
Price / MA20:	+0.08%
Price / MA50:	+0.22%
Price / MA100:	+0.51%
Price / MAexp7:	+0.11%
Price / MAexp20:	+0.14%
Price / MAexp50:	+0.25%
Price / MAexp100:	+0.48%

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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