NZD/CAD Up 6 Pips in Last 4 Hours, in an Uptrend Over Past 14 Days; Price Base in Formation Over Past 30 Days
This imputes a buy/sell ratio of 0.23, which is bearish.
NZDCAD
(Last Updated May 28, 2020)
Welcome to the news page for NZDCAD (NZDCAD). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
On NZDCAD, there is currently an uptrend on the 90 and 14 day timeframes.
NZDCAD Moving Averages
The moving averages on NZDCAD summarize its price action in an interesting way. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 100 are bullish, suggesting the trend is generally upward, save for a fall that occurred about 3 months ago. Moreover, today we saw the 20 and 50 moving average turn bullish.
The chart below illustrates.
As for correlation, In terms of correlations over the past week for NZDCAD, it has been most correlated with AUDCAD. NZDCAD has been most correlated with AUDCAD over the past 14 days also, so this may be a recurring pattern. Alternatively, USDTRY has been the asset least correlated with NZDCAD — but over the past two weeks, EURCAD has been the asset least correlated with NZDCAD. See the chart below to observe the recent price action in NZDCAD versus those of assets it hasn’t been well correlated with.
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NZD/CAD Up 45 Pips in Last 4 Hours, Makes Big Move Relative to Past Month; in an Uptrend Over Past 14 Days
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
NZD/CAD Up 5 Pips in Last 4 Hours, Price Base in Formation Over Past 30 Days; Sentiment Strongly Favors Sellers
Or to simplify this another way, note that out of the past 14 days nzd/cad’s price has gone up 8 them.
NZD/CAD Down 18 Pips On 4 Hour Chart, Entered Today Down For the 3rd Day In A Row; is Inching Close to 20 and 200 Day Averages
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
NZD/CAD Up 6 Pips Over Past 4 Hours, Price Base in Formation Over Past 14 and 30 Days; Pin Bar Pattern Appearing on Chart
The closest is the 200 day average, which is 32.2 pips away.
NZD/CAD Up 3 Pips On 4 Hour Chart, Makes Big Move Relative to Past Month; Pin Bar Pattern Appearing on Chart
Compared to its peers in the forex, nzd/cad gave its buyers a return that ranked 9th in terms of percentage change since the previous day.
NZD/CAD Down 4 Pips On 4 Hour Chart, Makes Big Move Relative to Past Month; Moves Up For the 5th Day In A Row
Price action traders in particular will want to note that the 30 and 90 day periods appears to show price forming a base; this could indicate that a support/resistance level is developing.
NZD/CAD Up 24 Pips in Last 4 Hours, Makes Big Move Relative to Past Month; Price Base in Formation Over Past 30 and 90 Days
Or to simplify this another way, note that out of the past 14 days nzd/cad’s price has gone up 8 them.
NZD/CAD Down 3 Pips in Last 4 Hours, Makes Big Move Relative to Past Three Months; Came Into Today Up For the 3rd Day In A Row
Price action traders in particular will want to note that the 30 and 90 day periods appears to show price forming a base; this could indicate that a support/resistance level is developing.
NZD/CAD Up 30 Pips On 4 Hour Chart, 3 Day Down Streak Snapped; Pin Bar Pattern Appearing on Chart
Or to simplify this another way, note that out of the past 30 days nzd/cad’s price has gone up 15 them.