Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Canadian Dollar/New Zealand Dollar (FOREX:CADNZD)
Sidelines Mode (+55) - CADNZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Feb 28th, 2020 at 1.1976150
The intermediate-term trend has been DOWN since May 26th, 2020 at 1.1650511
The short-term trend has been UP since Jun 2nd, 2020 at 1.1747682
Smart Scan Analysis for CADNZD
Based on our trend formula, CADNZD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).