NZD/CAD Up 5 Pips Over Past Hour; Moves Up For the 7th Straight Day
Analysis of #nzdcadif you have found this useful then help us support my page by hitting the like button….
NZDCAD
(Last Updated November 26, 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, 30 and 14 day timeframes.
NZDCAD Moving Averages
NZDCAD’s moving averages suggest the trend on a number of time horizons is bullish.
Below is a chart showing NZDCAD’s price with its moving averages.
As for assets in the Forex asset class NZDCAD has been correlated to over the past week, it has been most correlated with NZDUSD. NZDCAD has been most correlated with NZDUSD over the past 14 days also, so this may be a recurring pattern. Alternatively, the asset least correlated with NZDCAD over the past week has been GBPNZD, but over the past two weeks, the asset least correlated with NZDCAD has been USDJPY. See the chart below to observe the recent price action in NZDCAD versus those of assets it hasn’t been well correlated with.
.
The View From the Weekly Timeframe
At the time of this writing, NZDCAD’s rate is up 0.004 (0.44%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as NZDCAD has now gone up 5 of the past 5 weeks. Regarding the trend, note that the strongest trend exists on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bearishness in price, as the 20 and 50 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The weekly chart below shows NZDCAD’s price action over the past year.
NZDCAD: The Monthly View
Clearest trend on the monthly is apparent at the 60 month timeframe.
NZDCAD Down 11 Pips Over Past Hour; Moves Up For the 7th Straight Day
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time.
NZDCAD Up 5 Pips in Last Hour, Moves Up For the 6th Day In A Row; Social Sentiment Biased Towards Selling
The closest is the 100 day average, which is 89.7 pips away.
NZDCAD Up 6 Pips On Hourly Chart, Makes Big Move Relative to Two Week Trend; Came Into Today Up For the 5th Day In A Row
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
NZDCAD Down 5 Pips in Last Hour; Entered Today Up For the 4th Straight Day
Compared to its peers in the forex, nzdcad gave its buyers a return that ranked 8th in terms of percentage change since the previous day.
NZDCAD Up 1 Pips On Hourly Chart, Moves Up For the 3rd Straight Day; Breaks Above 100 Day Average
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
NZDCAD Up 6 Pips On Hourly Chart, Moves Up For the 2nd Straight Day; Crosses 50 Day Moving Average
The closest is the 50 day average, which is 5 pips away.
NZDCAD Down 13 Pips in Last Hour, 3 Day Down Streak Ended; Nears 20, 50 and 100 Day Moving 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.
NZDCAD Down 2 Pips in Last Hour, Entered Today Down For the 3rd Straight Day; Price Base in Formation Over Past 30 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.
NZDCAD Down 12 Pips Over Past Hour, Moves Down For the 2nd Consecutive Day; Nears 50 and 100 Day Moving Averages
The closest is the 100 day average, which is 10.5 pips away.