NZD/CAD Down 6 Pips Over Past 4 Hours, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
This imputes a buy/sell ratio of 1, which is neutral.
NZDCAD
(Last Updated July 10, 2020)
Hello! This is the news page for NZDCAD. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for NZDCAD.
NZDCAD Moving Averages
NZDCAD’s moving averages suggest the trend on a number of time horizons is bullish.
The chart below illustrates.
In terms of correlations over the past week for NZDCAD, it has been most correlated with CADCHF. Over the past 14 days, however, AUDNZD is the asset most correlated to NZDCAD. Alternatively, EURJPY has been the asset least correlated with NZDCAD — but over the past two weeks, EURCAD has been the asset least correlated with NZDCAD. The chart below illustrates NZDCAD against its least correlated assets.
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The View From the Weekly Timeframe
Currently, NZDCAD’s rate is up 0.009 (1.02%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as NZDCAD has now gone up 4 of the past 5 weeks. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bullishness in price, as the 20 and 50 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The weekly chart below shows NZDCAD’s price action over the past year.
NZD/CAD Up 18 Pips On 4 Hour Chart, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
NZD/CAD Up 3 Pips On 4 Hour Chart, Makes Big Move Relative to Past Month; Doji and Pin Bar Patterns Appearing on Chart
Relative to other instruments in the forex asset class, nzd/cad ranked 25th the day prior in terms of percentage price change.
NZD/CAD Down 2 Pips Over Past 4 Hours, Makes Big Move Relative to Past Month; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone up 10 out of the past 14 days.
NZD/CAD Down 0 Pips in Last 4 Hours, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
NZD/CAD Up 15 Pips On 4 Hour Chart, 3 Day Up Streak Snapped; in an Uptrend Over Past 90 Days
Or to simplify this another way, note that out of the past 14 days nzd/cad’s price has gone up 9 them.
NZD/CAD Down 6 Pips On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; Came Into Today Up For the 3rd Day In A Row
For additional context, note that price has gone up 7 out of the past 10 days.
NZD/CAD Down 5 Pips Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Crosses 20 Day Moving Average
This imputes a buy/sell ratio of 1.5, which is bullish.
NZD/CAD Up 5 Pips Over Past 4 Hours, Entered Today Up For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
NZD/CAD Down 15 Pips in Last 4 Hours, Makes Big Move Relative to Two Week Trend; Nears 20 Day Moving Average
This imputes a buy/sell ratio of 0.71, which is bearish.