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Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2024.
Canadian Dollar/New Zealand Dollar (FOREX:CADNZD)
Strong Downtrend (-100) - CADNZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADNZD continues to fall. 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.
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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 DOWN since Aug 13th, 2024 at 1.2061740
The short-term trend has been DOWN since Sep 12th, 2024 at 1.1934228
Smart Scan Analysis for CADNZD
Based on our trend formula, CADNZD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.18120 | 1.18545 | 1.17850 | 1.18193 | +0.00073 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.18120 | 2024-09-20 14:11:13 |