Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
Canadian Dollar/New Zealand Dollar (FOREX:CADNZD)
Long-Term Downtrend (-90) - CADNZD is in a strong downtrend that is likely to continue. While CADNZD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Nov 18th, 2022 at 1.211750
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 1.172595
The short-term trend has been DOWN since Mar 9th, 2023 at 1.180830
Smart Scan Analysis for CADNZD
Based on our trend formula, CADNZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).