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 10/21/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

22%

39%

My opinion

Bearish under 0.8448 CAD

My targets

0.8328 CAD (-0.0036)

0.8260 CAD (-0.0104)

My analysis

The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for NZD/CAD as long as the price remains well below 0.8448 CAD. The sellers' bearish objective is set at 0.8328 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8260 CAD. If there is any crossing, the next objective would be the support located at 0.8137 CAD.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

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

Additional analysis

Quotes

The NZD/CAD price is 0.8364 CAD. On the day, this instrument lost -0.11% and was traded between 0.8360 CAD and 0.8398 CAD over the period. The price is currently at +0.05% from its lowest and -0.40% from its highest.

0.8360

0.8398

0.8364

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 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 neutral overall trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Near support of channel

Type : Bullish

Timeframe : Daily

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8137	0.8260	0.8328	0.8364	0.8391	0.8448	0.8488
Change (%)	-2.71%	-1.24%	-0.43%	-	+0.32%	+1.00%	+1.48%
Change	-0.0227	-0.0104	-0.0036	-	+0.0027	+0.0084	+0.0124
Level	Major	Minor	Major	-	Major	Minor	Intermediate

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	0.8327	0.8342	0.8357	0.8372	0.8387	0.8402	0.8417
Camarilla	0.8365	0.8368	0.8370	0.8373	0.8376	0.8379	0.8381
Woodie	0.8328	0.8342	0.8358	0.8372	0.8388	0.8402	0.8418
Fibonacci	0.8342	0.8353	0.8360	0.8372	0.8383	0.8390	0.8402

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8200	0.8258	0.8316	0.8374	0.8432	0.8490	0.8548
Camarilla	0.8341	0.8352	0.8362	0.8373	0.8384	0.8394	0.8405
Woodie	0.8199	0.8258	0.8315	0.8374	0.8431	0.8490	0.8547
Fibonacci	0.8258	0.8303	0.8330	0.8374	0.8419	0.8446	0.8490

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8086	0.8198	0.8390	0.8502	0.8694	0.8806	0.8998
Camarilla	0.8498	0.8526	0.8554	0.8582	0.8610	0.8638	0.8666
Woodie	0.8126	0.8218	0.8430	0.8522	0.8734	0.8826	0.9038
Fibonacci	0.8198	0.8314	0.8386	0.8502	0.8618	0.8690	0.8806

Numerical data

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

Technical indicators

Moving averages

RSI (14):	46.53
MACD (12,26,9):	-0.0015
Directional Movement:	-6.7824
AROON (14):	-42.8571
DEMA (21):	0.8377
Parabolic SAR (0,02-0,02-0,2):	0.8400
Elder Ray (13):	-0.0002
Super Trend (3,10):	0.8546
Zig ZAG (10):	0.8363
VORTEX (21):	0.9492
Stochastique (14,3,5):	28.59
TEMA (21):	0.8350
Williams %R (14):	-65.16
Chande Momentum Oscillator (20):	-0.0059
Repulse (5,40,3):	-0.3052
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	2.93

MA7:	0.8369
MA20:	0.8418
MA50:	0.8394
MA100:	0.8357
MAexp7:	0.8367
MAexp20:	0.8390
MAexp50:	0.8383
MAexp100:	0.8355
Price / MA7:	-0.06%
Price / MA20:	-0.64%
Price / MA50:	-0.36%
Price / MA100:	+0.08%
Price / MAexp7:	-0.04%
Price / MAexp20:	-0.31%
Price / MAexp50:	-0.23%
Price / MAexp100:	+0.11%

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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