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 10/31/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 0.8391 CAD

My targets

0.8260 CAD (-0.0038)

0.8137 CAD (-0.0161)

My analysis

NZD/CAD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.8391 CAD. The next support located at 0.8260 CAD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.8137 CAD. Below this support, sellers could then target 0.8078 CAD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

6.4

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 0.8298 CAD. The price registered a decrease of -0.07% on the session 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, which identifies the highest / lowest, has detected several elements:

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

Technical analysis of NZD/CAD in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8078	0.8137	0.8260	0.8298	0.8319	0.8391	0.8488
Change (%)	-2.65%	-1.94%	-0.46%	-	+0.25%	+1.12%	+2.29%
Change	-0.0220	-0.0161	-0.0038	-	+0.0021	+0.0093	+0.0190
Level	Intermediate	Major	Minor	-	Major	Major	Intermediate

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	0.8216	0.8251	0.8277	0.8312	0.8338	0.8373	0.8399
Camarilla	0.8287	0.8293	0.8298	0.8304	0.8310	0.8315	0.8321
Woodie	0.8213	0.8249	0.8274	0.8310	0.8335	0.8371	0.8396
Fibonacci	0.8251	0.8274	0.8288	0.8312	0.8335	0.8349	0.8373

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8159	0.8226	0.8264	0.8331	0.8369	0.8436	0.8474
Camarilla	0.8273	0.8283	0.8292	0.8302	0.8312	0.8321	0.8331
Woodie	0.8145	0.8219	0.8250	0.8324	0.8355	0.8429	0.8460
Fibonacci	0.8226	0.8266	0.8291	0.8331	0.8371	0.8396	0.8436

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	41.58
MACD (12,26,9):	-0.0028
Directional Movement:	-14.6875
AROON (14):	-64.2857
DEMA (21):	0.8312
Parabolic SAR (0,02-0,02-0,2):	0.8236
Elder Ray (13):	-0.0035
Super Trend (3,10):	0.8464
Zig ZAG (10):	0.8299
VORTEX (21):	0.8570
Stochastique (14,3,5):	34.67
TEMA (21):	0.8286
Williams %R (14):	-67.34
Chande Momentum Oscillator (20):	-0.0042
Repulse (5,40,3):	-0.0500
ROCnROLL:	2
TRIX (15,9):	-0.0414
Courbe Coppock:	1.49

MA7:	0.8308
MA20:	0.8342
MA50:	0.8394
MA100:	0.8345
MAexp7:	0.8312
MAexp20:	0.8345
MAexp50:	0.8363
MAexp100:	0.8349
Price / MA7:	-0.12%
Price / MA20:	-0.53%
Price / MA50:	-1.14%
Price / MA100:	-0.56%
Price / MAexp7:	-0.17%
Price / MAexp20:	-0.56%
Price / MAexp50:	-0.78%
Price / MAexp100:	-0.61%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on NZD/CAD. At the time of publication of this analysis, the latest news was as follows:

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

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