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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Canadian Dollar/New Zealand Dollar (FOREX:CADNZD)

Weak Downtrend (-65) - CADNZD is showing signs of a strengthening downtrend. Monitor CADNZD as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CADNZD?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADNZD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADNZD
Open High Low CADNZD Price Change
1.2132000 1.2152596 1.2117800 1.2125400 -0.0006600
Entry Signal

MarketClub’s Trade Triangles for CADNZD

long term up The long-term trend has been UP since Mar 27th, 2024 at 1.2273432

intermediate term down The intermediate-term trend has been DOWN since May 6th, 2024 at 1.2135400

short term down The short-term trend has been DOWN since May 2nd, 2024 at 1.2238368

Smart Scan Analysis for CADNZD

Based on our trend formula, CADNZD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CADNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2132000 1.2152596 1.2117800 1.2125400 -0.0006600
Prev. Close Volume Bid Ask Time
1.2132000 2024-05-09 14:40:49
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