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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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 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 DOWN since May 27th, 2024 at 1.1923144
The intermediate-term trend has been UP since Oct 7th, 2024 at 1.1981406
The short-term trend has been UP since Nov 6th, 2024 at 1.2135800
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 |
|---|---|---|---|---|
| 1.212670 | 1.215750 | 1.212300 | 1.215405 | +0.002735 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.212670 | 2024-11-20 03:47:46 |