Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Canadian Dollar/New Zealand Dollar (FOREX:CADNZD)
Bull Market Weakness (+75) - CADNZD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADNZD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid
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.
MarketClub’s Trade Triangles for CADNZD
The long-term trend has been DOWN since Dec 1st, 2019 at 1.167410
The intermediate-term trend has been UP since Jan 7th, 2020 at 1.160745
The short-term trend has been UP since Feb 17th, 2020 at 1.175380
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).