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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 08/20/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 0.8311 CAD
My targets
0.8391 CAD (+0.0053)
0.8488 CAD (+0.0150)
My analysis
The bullish trend is currently very strong on NZD/CAD. As long as the price remains above the support at 0.8311 CAD, you could try to benefit from the boom. The first bullish objective is located at 0.8391 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.8488 CAD as an objective. Crossing it would then enable buyers to target 0.8682 CAD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8

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.

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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 0.8338 CAD. The price is lower by -0.01% since the last closing and was between 0.8334 CAD and 0.8349 CAD. This implies that the price is at +0.05% from its lowest and at -0.13% from its highest.

0.8334
0.8349
0.8338

Here is a more detailed summary of the historical variations registered by NZD/CAD:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

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. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish harami cross

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.8262 0.8296 0.8311 0.8338 0.8340 0.8391 0.8488
Change (%) -0.91% -0.50% -0.32% - +0.02% +0.64% +1.80%
Change -0.0076 -0.0042 -0.0027 - +0.0002 +0.0053 +0.0150
Level Minor Intermediate Intermediate - Intermediate Major Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.82210.82440.82920.83150.83630.83860.8434
Camarilla0.83200.83260.83330.83390.83460.83520.8359
Woodie0.82330.82500.83040.83210.83750.83920.8446
Fibonacci0.82440.82720.82880.83150.83430.83590.8386


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.80760.81400.82110.82750.83460.84100.8481
Camarilla0.82440.82560.82690.82810.82930.83060.8318
Woodie0.80790.81420.82140.82770.83490.84120.8484
Fibonacci0.81400.81920.82240.82750.83270.83590.8410


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.78250.79710.80940.82400.83630.85090.8632
Camarilla0.81430.81680.81920.82170.82420.82660.8291
Woodie0.78140.79650.80830.82340.83520.85030.8621
Fibonacci0.79710.80740.81370.82400.83430.84060.8509

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): 69.33
MACD (12,26,9): 0.0014
Directional Movement: 18.4726
AROON (14): 85.7143
DEMA (21): 0.8343
Parabolic SAR (0,02-0,02-0,2): 0.8327
Elder Ray (13): 0.0006
Super Trend (3,10): 0.8308
Zig ZAG (10): 0.8337
VORTEX (21): 1.1542
Stochastique (14,3,5): 80.80
TEMA (21): 0.8344
Williams %R (14): -25.53
Chande Momentum Oscillator (20): 0.0015
Repulse (5,40,3): -0.0370
ROCnROLL: 1
TRIX (15,9): 0.0244
Courbe Coppock: 0.73
MA7: 0.8287
MA20: 0.8234
MA50: 0.8300
MA100: 0.8279
MAexp7: 0.8337
MAexp20: 0.8325
MAexp50: 0.8301
MAexp100: 0.8283
Price / MA7: +0.62%
Price / MA20: +1.26%
Price / MA50: +0.46%
Price / MA100: +0.71%
Price / MAexp7: +0.01%
Price / MAexp20: +0.16%
Price / MAexp50: +0.45%
Price / MAexp100: +0.66%

Quotes : - Real time data - Forex

News


Don't forget to follow the news on NZD/CAD. At the time of publication of this analysis, the latest news was as follows:

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

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