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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.

FOREX_CADNZD
Open High Low CADNZD Price Change
1.165950 1.174855 1.163785 1.174775 +0.008825
Entry Signal

MarketClub’s Trade Triangles for CADNZD

long term down The long-term trend has been DOWN since Nov 18th, 2022 at 1.211750

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 1.172595

short term down 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).

-90
Smart Scan Analysis for CADNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.165950 1.174855 1.163785 1.174775 +0.008825
Prev. Close Volume Bid Ask Time
1.165950 2023-03-20 22:31:19
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