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.
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MarketClub’s Trade Triangles for CADNZD
The long-term trend has been UP since Mar 27th, 2024 at 1.2273432
The intermediate-term trend has been DOWN since May 6th, 2024 at 1.2135400
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).
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 |