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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Canadian Dollar/New Zealand Dollar (FOREX:CADNZD)
Sidelines Mode (-50) - CADNZD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CADNZD can gain momentum.
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 UP since Nov 21st, 2024 at 1.2260563
The intermediate-term trend has been DOWN since Dec 25th, 2024 at 1.2019400
The short-term trend has been DOWN since Dec 25th, 2024 at 1.2245560
Smart Scan Analysis for CADNZD
Based on our trend formula, CADNZD is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.2322950 | 1.2346322 | 1.2297017 | 1.2334150 | +0.0011200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.2322950 | 2024-12-26 19:13:48 |