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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

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
0.8246285 0.8250000 0.8224000 0.8228641 -0.0017640
Entry Signal

MarketClub’s Trade Triangles for NZDCAD

long term up The long-term trend has been UP since May 21st, 2024 at 0.83810

intermediate term down The intermediate-term trend has been DOWN since Oct 7th, 2024 at 0.83485

short term down The short-term trend has been DOWN since Nov 5th, 2024 at 0.82830

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
0.8246285 0.8250000 0.8224000 0.8228641 -0.0017640
Prev. Close Volume Bid Ask Time
0.8246285 2024-11-20 03:44:41
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