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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Canadian Dollar/New Zealand Dollar (FOREX:CADNZD)

Sidelines Mode (+55) - CADNZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
1.1739400 1.1756567 1.1738900 1.1749400 +0.0010000
Entry Signal

MarketClub’s Trade Triangles for CADNZD

long term up The long-term trend has been UP since Feb 28th, 2020 at 1.1976150

intermediate term down The intermediate-term trend has been DOWN since May 26th, 2020 at 1.1650511

short term up The short-term trend has been UP since Jun 2nd, 2020 at 1.1747682

Smart Scan Analysis for CADNZD

Based on our trend formula, CADNZD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CADNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1739400 1.1756567 1.1738900 1.1749400 +0.0010000
Prev. Close Volume Bid Ask Time
1.1739400 1.1747000 1.1751800 2020-06-02 02:17:16
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