NZD/CAD Up 5 Pips On 4 Hour Chart, Makes Big Move Relative to Past Month; in an Uptrend Over Past 14 Days
And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well.
NZDCAD
(Last Updated July 8, 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
On NZDCAD, there is currently an uptrend on the 90, 30 and 14 day timeframes.
NZDCAD Moving Averages
Across several time periods between 20 and 200 days, the trend on NZDCAD has remained consistently bullish.
Below is a chart showing NZDCAD’s price with its moving averages.
Regarding NZDCAD’s correlations over the past 7 days, it has been most correlated with CHFJPY. Over the past 14 days, however, the asset showing the strongest correlation to NZDCAD is AUDNZD. On the flip side, EURCHF has been the asset least correlated with NZDCAD — but over the past two weeks, the asset least correlated with NZDCAD has been TRYJPY. The chart below illustrates NZDCAD against its least correlated assets.
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NZD/CAD Up 5 Pips On 4 Hour Chart, Makes Big Move Relative to Past Month; in an Uptrend Over Past 14 Days
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 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.
NZD/CAD Up 12 Pips in Last 4 Hours, Moves Up For the 3rd Day In A Row; in an Uptrend Over Past 90 Days
Volatility for nzd/cad has been contracting over the past two weeks relative to volatility over the past month.