Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
Canadian Dollar/New Zealand Dollar (FOREX:CADNZD)
Weak Uptrend (+65) - CADNZD is showing signs of weakening momentum to the upside. Monitor 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.
MarketClub’s Trade Triangles for CADNZD
The long-term trend has been UP since Oct 13th, 2021 at 1.158900
The intermediate-term trend has been UP since Sep 26th, 2021 at 1.127880
The short-term trend has been DOWN since Oct 14th, 2021 at 1.151745
Smart Scan Analysis for CADNZD
Based on our trend formula, CADNZD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).