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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

New Zealand Dollar/Canadian Dollar (FOREX:NZDCAD)

Weak Downtrend (-65) - NZDCAD is showing signs of a strengthening downtrend. Monitor NZDCAD as it may be building momentum to the downside.

Is it time to buy, sell, or avoid NZDCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for NZDCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NZDCAD
Open High Low NZDCAD Price Change
0.9062401 0.9065000 0.9008850 0.9010970 -0.0051430
Entry Signal

MarketClub’s Trade Triangles for NZDCAD

long term up The long-term trend has been UP since Jan 6th, 2021 at 0.9223600

intermediate term down The intermediate-term trend has been DOWN since Mar 4th, 2021 at 0.9105693

short term down The short-term trend has been DOWN since Feb 26th, 2021 at 0.9204000

Smart Scan Analysis for NZDCAD

Based on our trend formula, NZDCAD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for NZDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9062401 0.9065000 0.9008850 0.9010970 -0.0051430
Prev. Close Volume Bid Ask Time
0.9062401 2021-03-08 20:40:24
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