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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 - 15 min. - Technical analysis published on 10/31/2024 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : INVALID

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 0.8312 CAD
My targets
0.8277 CAD (-0.0021)
0.8251 CAD (-0.0047)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.8312 CAD remains possible. It is advisable to trade NZD/CAD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.8312 CAD. The next bearish objective for sellers is set at 0.8277 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8251 CAD. In case of crossing, the next objective would be the support located at 0.8216 CAD. PS: if there is a bullish break in the resistance located at 0.8312 CAD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.4

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.

shadybhai
This analysis was given by shadybhai. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The NZD/CAD price is 0.8298 CAD. The price is lower by -0.07% since the last closing with the lowest point at 0.8264 CAD and the highest point at 0.8325 CAD. The deviation from the price is +0.41% for the low point and -0.32% for the high point.

0.8264
0.8325
0.8298

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 15 min. of this NZD/CAD chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 15 minutes



The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 15 minutes


Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.8234 0.8260 0.8293 0.8298 0.8319 0.8346 0.8391
Change (%) -0.77% -0.46% -0.06% - +0.25% +0.58% +1.12%
Change -0.0064 -0.0038 -0.0005 - +0.0021 +0.0048 +0.0093
Level Minor Minor Intermediate - Major Intermediate Major



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
Standard0.82160.82510.82770.83120.83380.83730.8399
Camarilla0.82870.82930.82980.83040.83100.83150.8321
Woodie0.82130.82490.82740.83100.83350.83710.8396
Fibonacci0.82510.82740.82880.83120.83350.83490.8373


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.81590.82260.82640.83310.83690.84360.8474
Camarilla0.82730.82830.82920.83020.83120.83210.8331
Woodie0.81450.82190.82500.83240.83550.84290.8460
Fibonacci0.82260.82660.82910.83310.83710.83960.8436


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.80860.81980.83900.85020.86940.88060.8998
Camarilla0.84980.85260.85540.85820.86100.86380.8666
Woodie0.81260.82180.84300.85220.87340.88260.9038
Fibonacci0.81980.83140.83860.85020.86180.86900.8806

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): 52.66
MACD (12,26,9): -0.0002
Directional Movement: -2.2281
AROON (14): 35.7143
DEMA (21): 0.8288
Parabolic SAR (0,02-0,02-0,2): 0.8273
Elder Ray (13): 0.0006
Super Trend (3,10): 0.8272
Zig ZAG (10): 0.8301
VORTEX (21): 0.9596
Stochastique (14,3,5): 86.18
TEMA (21): 0.8291
Williams %R (14): -12.20
Chande Momentum Oscillator (20): 0.0020
Repulse (5,40,3): 0.0440
ROCnROLL: -1
TRIX (15,9): -0.0097
Courbe Coppock: 0.16
MA7: 0.8308
MA20: 0.8342
MA50: 0.8394
MA100: 0.8345
MAexp7: 0.8296
MAexp20: 0.8293
MAexp50: 0.8300
MAexp100: 0.8305
Price / MA7: -0.12%
Price / MA20: -0.53%
Price / MA50: -1.14%
Price / MA100: -0.56%
Price / MAexp7: +0.02%
Price / MAexp20: +0.06%
Price / MAexp50: -0.02%
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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Londinia
Londinia AI

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