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 09/04/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

50%

33%

My opinion

Bearish under 0.8380 CAD

My targets

0.8311 CAD (-0.0057)

0.8241 CAD (-0.0127)

My analysis

The bearish trend is currently very strong for NZD/CAD. As long as the price remains below the resistance at 0.8380 CAD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.8311 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.8241 CAD as an objective. Crossing it would then enable sellers to target 0.8078 CAD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.1

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

Additional analysis

Quotes

The NZD/CAD price is 0.8368 CAD. The price is lower by -0.12% since the last closing with the lowest point at 0.8356 CAD and the highest point at 0.8382 CAD. The deviation from the price is +0.14% for the low point and -0.17% for the high point.

0.8356

0.8382

0.8368

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.

Bearish opening

Type : Bearish

Timeframe : Openning

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this NZD/CAD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 9 technical indicators out of 18 studied are currently bearish. The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

Support of triangle is broken

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8241	0.8311	0.8363	0.8368	0.8380	0.8391	0.8413
Change (%)	-1.52%	-0.68%	-0.06%	-	+0.14%	+0.27%	+0.54%
Change	-0.0127	-0.0057	-0.0005	-	+0.0012	+0.0023	+0.0045
Level	Intermediate	Minor	Intermediate	-	Minor	Major	Major

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
Standard	0.8305	0.8334	0.8356	0.8385	0.8407	0.8436	0.8458
Camarilla	0.8364	0.8369	0.8373	0.8378	0.8383	0.8387	0.8392
Woodie	0.8302	0.8332	0.8353	0.8383	0.8404	0.8434	0.8455
Fibonacci	0.8334	0.8354	0.8366	0.8385	0.8405	0.8417	0.8436

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8246	0.8300	0.8365	0.8419	0.8484	0.8538	0.8603
Camarilla	0.8396	0.8407	0.8418	0.8429	0.8440	0.8451	0.8462
Woodie	0.8251	0.8303	0.8370	0.8422	0.8489	0.8541	0.8608
Fibonacci	0.8300	0.8346	0.8374	0.8419	0.8465	0.8493	0.8538

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7916	0.8036	0.8233	0.8353	0.8550	0.8670	0.8867
Camarilla	0.8342	0.8371	0.8400	0.8429	0.8458	0.8487	0.8516
Woodie	0.7954	0.8055	0.8271	0.8372	0.8588	0.8689	0.8905
Fibonacci	0.8036	0.8157	0.8232	0.8353	0.8474	0.8549	0.8670

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):	40.26
MACD (12,26,9):	-0.0007
Directional Movement:	-6.4737
AROON (14):	-35.7143
DEMA (21):	0.8367
Parabolic SAR (0,02-0,02-0,2):	0.8387
Elder Ray (13):	-0.0004
Super Trend (3,10):	0.8396
Zig ZAG (10):	0.8369
VORTEX (21):	0.9909
Stochastique (14,3,5):	30.56
TEMA (21):	0.8367
Williams %R (14):	-64.86
Chande Momentum Oscillator (20):	-0.0010
Repulse (5,40,3):	0.0482
ROCnROLL:	2
TRIX (15,9):	-0.0109
Courbe Coppock:	0.32

MA7:	0.8406
MA20:	0.8344
MA50:	0.8299
MA100:	0.8304
MAexp7:	0.8370
MAexp20:	0.8376
MAexp50:	0.8389
MAexp100:	0.8398
Price / MA7:	-0.45%
Price / MA20:	+0.29%
Price / MA50:	+0.83%
Price / MA100:	+0.77%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.10%
Price / MAexp50:	-0.25%
Price / MAexp100:	-0.36%

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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