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 10/22/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

22%

My opinion

Bullish above 0.8327 CAD

My targets

0.8391 CAD (+0.0020)

0.8419 CAD (+0.0048)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on NZD/CAD. This is a positive signal for buyers. As long as the price remains above 0.8327 CAD, a purchase could be considered. 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 0.8419 CAD as an objective. Crossing it would then enable buyers to target 0.8433 CAD. In the event of a return below 0.8327 CAD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.8

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 0.8371 CAD. The price registered an increase of +0.47% on the session and was traded between 0.8329 CAD and 0.8379 CAD over the period. The price is currently at +0.50% from its lowest and -0.10% from its highest.

0.8329

0.8379

0.8371

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

A technical analysis in 1H of this NZD/CAD chart shows a bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8317	0.8327	0.8363	0.8371	0.8391	0.8419	0.8433
Change (%)	-0.65%	-0.53%	-0.10%	-	+0.24%	+0.57%	+0.74%
Change	-0.0054	-0.0044	-0.0008	-	+0.0020	+0.0048	+0.0062
Level	Minor	Intermediate	Minor	-	Major	Minor	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
Standard	0.8239	0.8284	0.8308	0.8353	0.8377	0.8422	0.8446
Camarilla	0.8313	0.8319	0.8326	0.8332	0.8338	0.8345	0.8351
Woodie	0.8229	0.8279	0.8298	0.8348	0.8367	0.8417	0.8436
Fibonacci	0.8284	0.8310	0.8327	0.8353	0.8379	0.8396	0.8422

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	58.97
MACD (12,26,9):	0.0000
Directional Movement:	10.9259
AROON (14):	42.8571
DEMA (21):	0.8357
Parabolic SAR (0,02-0,02-0,2):	0.8340
Elder Ray (13):	0.0013
Super Trend (3,10):	0.8340
Zig ZAG (10):	0.8373
VORTEX (21):	1.0315
Stochastique (14,3,5):	91.84
TEMA (21):	0.8359
Williams %R (14):	-8.16
Chande Momentum Oscillator (20):	0.0028
Repulse (5,40,3):	0.1750
ROCnROLL:	1
TRIX (15,9):	-0.0096
Courbe Coppock:	0.08

MA7:	0.8360
MA20:	0.8409
MA50:	0.8395
MA100:	0.8356
MAexp7:	0.8364
MAexp20:	0.8359
MAexp50:	0.8363
MAexp100:	0.8364
Price / MA7:	+0.13%
Price / MA20:	-0.45%
Price / MA50:	-0.29%
Price / MA100:	+0.18%
Price / MAexp7:	+0.08%
Price / MAexp20:	+0.14%
Price / MAexp50:	+0.10%
Price / MAexp100:	+0.08%

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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