NZD/CAD - 1H - Technical analysis published on 11/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 0.8282 CAD
My targets
0.8172 CAD (-0.0053)
0.8137 CAD (-0.0088)
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 0.8282 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 0.8282 CAD. The next bearish objective for sellers is set at 0.8172 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8137 CAD. In case of crossing, the next objective would be the support located at 0.8078 CAD. PS: if there is a bullish break in the resistance located at 0.8282 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3
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Additional analysis
Quotes
NZD/CAD rating 0.8225 CAD. The price is lower by -0.06% since the last closing with the lowest point at 0.8197 CAD and the highest point at 0.8270 CAD. The deviation from the price is +0.34% for the low point and -0.54% for the high point.0.8197
0.8270
0.8225
Here is a more detailed summary of the historical variations registered by NZD/CAD:
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
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NZD/CAD in 1H shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 8 are bullish, 5 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8078 | 0.8137 | 0.8220 | 0.8225 | 0.8232 | 0.8282 | 0.8334 |
| Change (%) | -1.79% | -1.07% | -0.06% | - | +0.09% | +0.69% | +1.33% |
| Change | -0.0147 | -0.0088 | -0.0005 | - | +0.0007 | +0.0057 | +0.0109 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8136 | 0.8178 | 0.8204 | 0.8246 | 0.8272 | 0.8314 | 0.8340 |
| Camarilla | 0.8211 | 0.8218 | 0.8224 | 0.8230 | 0.8236 | 0.8243 | 0.8249 |
| Woodie | 0.8128 | 0.8174 | 0.8196 | 0.8242 | 0.8264 | 0.8310 | 0.8332 |
| Fibonacci | 0.8178 | 0.8204 | 0.8220 | 0.8246 | 0.8272 | 0.8288 | 0.8314 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8105 | 0.8172 | 0.8235 | 0.8302 | 0.8365 | 0.8432 | 0.8495 |
| Camarilla | 0.8263 | 0.8275 | 0.8287 | 0.8299 | 0.8311 | 0.8323 | 0.8335 |
| Woodie | 0.8104 | 0.8171 | 0.8234 | 0.8301 | 0.8364 | 0.8431 | 0.8494 |
| Fibonacci | 0.8172 | 0.8221 | 0.8252 | 0.8302 | 0.8351 | 0.8382 | 0.8432 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7822 | 0.8028 | 0.8174 | 0.8380 | 0.8526 | 0.8732 | 0.8878 |
| Camarilla | 0.8223 | 0.8256 | 0.8288 | 0.8320 | 0.8352 | 0.8385 | 0.8417 |
| Woodie | 0.7792 | 0.8013 | 0.8144 | 0.8365 | 0.8496 | 0.8717 | 0.8848 |
| Fibonacci | 0.8028 | 0.8163 | 0.8246 | 0.8380 | 0.8515 | 0.8598 | 0.8732 |
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): | 47.50 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 13.4626 | |
| AROON (14): | 85.7142 | |
| DEMA (21): | 0.8221 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8208 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 0.8197 | |
| Zig ZAG (10): | 0.8225 | |
| VORTEX (21): | 1.0123 | |
| Stochastique (14,3,5): | 41.80 | |
| TEMA (21): | 0.8226 | |
| Williams %R (14): | -61.64 | |
| Chande Momentum Oscillator (20): | 0.0015 | |
| Repulse (5,40,3): | -0.1745 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0072 | |
| Courbe Coppock: | 0.42 |
| MA7: | 0.8279 | |
| MA20: | 0.8306 | |
| MA50: | 0.8372 | |
| MA100: | 0.8336 | |
| MAexp7: | 0.8225 | |
| MAexp20: | 0.8225 | |
| MAexp50: | 0.8239 | |
| MAexp100: | 0.8259 | |
| Price / MA7: | -0.65% | |
| Price / MA20: | -0.98% | |
| Price / MA50: | -1.76% | |
| Price / MA100: | -1.33% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.41% |
Quotes :
-
Real time data
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Forex
News
The last news published on NZD/CAD at the time of the generation of this analysis was as follows:
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NZD/CAD Forecast September 6, 2024
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Trading into 2024: Rules of Alternation in Elliot Wave using NZD/CAD
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New Zealand Dollar Soars on RBNZ: NZD/USD, NZD/JPY, NZD/CAD Analysis
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Quick Takes Video: Volatility vs Inevitability for USD/CAD, NZD/JPY, NZD/CAD
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NZD/CAD To Potentially Reach Parity
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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