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 03/28/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 0.8144 CAD

My targets

0.8090 CAD (-0.0013)

0.8025 CAD (-0.0078)

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 0.8144 CAD. The next support located at 0.8090 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 0.8025 CAD. Below this support, sellers could then target 0.7977 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.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.5

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

Additional analysis

Quotes

The NZD/CAD rating is 0.8103 CAD. The price is lower by -0.46% since the last closing and was between 0.8096 CAD and 0.8148 CAD. This implies that the price is at +0.09% from its lowest and at -0.55% from its highest.

0.8096

0.8148

0.8103

Here is a more detailed summary of the historical variations registered by NZD/CAD:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

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 strongly bearish. 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.7977	0.8025	0.8090	0.8103	0.8144	0.8169	0.8186
Change (%)	-1.55%	-0.96%	-0.16%	-	+0.51%	+0.81%	+1.02%
Change	-0.0126	-0.0078	-0.0013	-	+0.0041	+0.0066	+0.0083
Level	Major	Minor	Minor	-	Major	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8093	0.8114	0.8127	0.8148	0.8161	0.8182	0.8195
Camarilla	0.8131	0.8134	0.8137	0.8140	0.8143	0.8146	0.8149
Woodie	0.8089	0.8112	0.8123	0.8146	0.8157	0.8180	0.8191
Fibonacci	0.8114	0.8127	0.8135	0.8148	0.8161	0.8169	0.8182

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7996	0.8069	0.8108	0.8181	0.8220	0.8293	0.8332
Camarilla	0.8115	0.8126	0.8136	0.8146	0.8156	0.8167	0.8177
Woodie	0.7978	0.8061	0.8090	0.8173	0.8202	0.8285	0.8314
Fibonacci	0.8069	0.8112	0.8139	0.8181	0.8224	0.8251	0.8293

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	24.68
MACD (12,26,9):	-0.0012
Directional Movement:	-19.0732
AROON (14):	-71.4286
DEMA (21):	0.8109
Parabolic SAR (0,02-0,02-0,2):	0.8130
Elder Ray (13):	-0.0014
Super Trend (3,10):	0.8132
Zig ZAG (10):	0.8105
VORTEX (21):	0.7763
Stochastique (14,3,5):	16.03
TEMA (21):	0.8103
Williams %R (14):	-84.62
Chande Momentum Oscillator (20):	-0.0039
Repulse (5,40,3):	-0.0367
ROCnROLL:	2
TRIX (15,9):	-0.0169
Courbe Coppock:	0.78

MA7:	0.8155
MA20:	0.8236
MA50:	0.8246
MA100:	0.8276
MAexp7:	0.8109
MAexp20:	0.8124
MAexp50:	0.8138
MAexp100:	0.8152
Price / MA7:	-0.64%
Price / MA20:	-1.61%
Price / MA50:	-1.73%
Price / MA100:	-2.09%
Price / MAexp7:	-0.07%
Price / MAexp20:	-0.26%
Price / MAexp50:	-0.43%
Price / MAexp100:	-0.60%

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:

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

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