Londinia Opportunities Analyses - 11/18/2024 (GMT) NZD/CAD - 1H

- CAD (-)

- Real time data - Forex

Type:	Forex
Ticker:	NZDCAD
ISIN:

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 0.8242 CAD

My targets

0.8282 CAD (+0.0023)

0.8315 CAD (+0.0056)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NZD/CAD as long as the price remains well above 0.8242 CAD. The buyers' bullish objective is set at 0.8282 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.8315 CAD. If there is any crossing, the next objective would be the resistance located at 0.8329 CAD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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

6.6

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.

Additional analysis

Quotes

The NZD/CAD rating is 0.8259 CAD. On the day, this instrument lost -0.06% with the lowest point at 0.8224 CAD and the highest point at 0.8272 CAD. The deviation from the price is +0.43% for the low point and -0.16% for the high point.

0.8224

0.8272

0.8259

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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 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 1H of this NZD/CAD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8197	0.8220	0.8242	0.8259	0.8282	0.8315	0.8329
Change (%)	-0.75%	-0.47%	-0.21%	-	+0.28%	+0.68%	+0.85%
Change	-0.0062	-0.0039	-0.0017	-	+0.0023	+0.0056	+0.0070
Level	Major	Minor	Minor	-	Major	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8176	0.8195	0.8230	0.8249	0.8284	0.8303	0.8338
Camarilla	0.8249	0.8254	0.8259	0.8264	0.8269	0.8274	0.8279
Woodie	0.8183	0.8199	0.8237	0.8253	0.8291	0.8307	0.8345
Fibonacci	0.8195	0.8216	0.8229	0.8249	0.8270	0.8283	0.8303

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8076	0.8137	0.8200	0.8261	0.8324	0.8385	0.8448
Camarilla	0.8230	0.8241	0.8253	0.8264	0.8275	0.8287	0.8298
Woodie	0.8078	0.8138	0.8202	0.8262	0.8326	0.8386	0.8450
Fibonacci	0.8137	0.8184	0.8213	0.8261	0.8308	0.8337	0.8385

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	59.41
MACD (12,26,9):	0.0001
Directional Movement:	10.6482
AROON (14):	50.0000
DEMA (21):	0.8247
Parabolic SAR (0,02-0,02-0,2):	0.8226
Elder Ray (13):	0.0010
Super Trend (3,10):	0.8225
Zig ZAG (10):	0.8257
VORTEX (21):	0.9911
Stochastique (14,3,5):	83.06
TEMA (21):	0.8247
Williams %R (14):	-16.22
Chande Momentum Oscillator (20):	0.0015
Repulse (5,40,3):	0.1021
ROCnROLL:	1
TRIX (15,9):	-0.0019
Courbe Coppock:	0.11

MA7:	0.8263
MA20:	0.8297
MA50:	0.8368
MA100:	0.8335
MAexp7:	0.8249
MAexp20:	0.8247
MAexp50:	0.8246
MAexp100:	0.8252
Price / MA7:	-0.05%
Price / MA20:	-0.46%
Price / MA50:	-1.30%
Price / MA100:	-0.91%
Price / MAexp7:	+0.12%
Price / MAexp20:	+0.15%
Price / MAexp50:	+0.16%
Price / MAexp100:	+0.08%

Quotes : - Real time data - Forex

News

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