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Forex Trend Analysis Report

Prepared for you on Friday, November 16, 2018.

Canadian Dollar/New Zealand Dollar (FOREX:CADNZD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_CADNZD
Open High Low CADNZD Price Change
1.113575 1.116815 1.103805 1.105900 -0.007675
Entry Signal

MarketClub’s Trade Triangles for CADNZD

long term down The long term trend has been DOWN since Nov 7th, 2018 at 1.12782

intermediate term down The intermediate term trend has been DOWN since Oct 21st, 2018 at 1.15522

short term up The short term trend has been UP since Nov 12th, 2018 at 1.12761

Smart Scan Analysis for CADNZD

Based on a pre-defined weighted trend formula for chart analysis, CADNZD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for CADNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.113575 1.116815 1.103805 1.105900 -0.007675
Prev. Close Volume Bid Ask Time
1.113575 1.105500 1.106300 2018-11-16 21:32:02
Want to analyze Canadian Dollar/New Zealand Dollar CADNZD or another symbol? Try our Free Forex Trend Analysis Report.