NZD/CAD

- CAD (-%)

Closed Real time data - Forex

Open:	-
Change:	0
Volume:	-

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

Type:	Forex
Ticker:	NZDCAD
ISIN:

NZD/CAD - Weekly - Technical analysis published on 10/21/2024 (GMT)

117
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10/21/2024 - 10:12
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Timeframe : Weekly
- Analysis generated on 10/21/2024 - 10:12
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

44%

50%

My opinion

Bullish above 0.8137 CAD

My targets

0.8682 CAD (+0.0319)

0.9026 CAD (+0.0663)

My analysis

The basic bullish trend is very strong on NZD/CAD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.8137 CAD. Crossing the first resistance at 0.8682 CAD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.9026 CAD as an objective. Crossing it would then enable buyers to target 0.9293 CAD. Caution, a return to below 0.8137 CAD would be a sign of a consolidation phase in the short-term basic trend. 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 bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.9

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 rating is 0.8363 CAD. The price registered a decrease of -0.51% over 5 days and was traded between 0.8331 CAD and 0.8398 CAD over the period. The price is currently at +0.38% from its lowest point and -0.42% from its highest point.

0.8331

0.8398

0.8363

A study of price movements over other periods shows the following variations:

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 Weekly shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

Doji

Type : Neutral

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.7675	0.7975	0.8137	0.8363	0.8391	0.8682	0.9026
Change (%)	-8.23%	-4.64%	-2.70%	-	+0.33%	+3.81%	+7.93%
Change	-0.0688	-0.0388	-0.0226	-	+0.0028	+0.0319	+0.0663
Level	Minor	Major	Major	-	Major	Intermediate	Minor

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

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):	51.43
MACD (12,26,9):	0.0035
Directional Movement:	3.4468
AROON (14):	64.2857
DEMA (21):	0.8409
Parabolic SAR (0,02-0,02-0,2):	0.8275
Elder Ray (13):	-0.0001
Super Trend (3,10):	0.8133
Zig ZAG (10):	0.8371
VORTEX (21):	1.0034
Stochastique (14,3,5):	53.86
TEMA (21):	0.8421
Williams %R (14):	-48.69
Chande Momentum Oscillator (20):	0.0108
Repulse (5,40,3):	-0.1683
ROCnROLL:	-1
TRIX (15,9):	0.0634
Courbe Coppock:	2.28

MA7:	0.8369
MA20:	0.8418
MA50:	0.8394
MA100:	0.8357
MAexp7:	0.8393
MAexp20:	0.8362
MAexp50:	0.8314
MAexp100:	0.8315
Price / MA7:	-0.07%
Price / MA20:	-0.65%
Price / MA50:	-0.37%
Price / MA100:	+0.07%
Price / MAexp7:	-0.36%
Price / MAexp20:	+0.01%
Price / MAexp50:	+0.59%
Price / MAexp100:	+0.58%

Quotes : 10/21/2024 - 10:12 - Real time data - Forex

News

The latest news and videos published on NZD/CAD at the time of the analysis were as follows:

09/05/2024 - 17:57 NZD/CAD Forecast September 6, 2024
01/06/2024 - 16:30 Trading into 2024: Rules of Alternation in Elliot Wave using NZD/CAD
02/12/2020 - 01:53 New Zealand Dollar Soars on RBNZ: NZD/USD, NZD/JPY, NZD/CAD Analysis
08/31/2017 - 22:22 Quick Takes Video: Volatility vs Inevitability for USD/CAD, NZD/JPY, NZD/CAD
10/21/2016 - 11:45 NZD/CAD To Potentially Reach Parity

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

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