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Forex Trend Analysis Report

Prepared for you on Wednesday, April 8, 2020.

New Zealand Dollar/Canadian Dollar (FOREX:NZDCAD)

Sidelines Mode (-55) - NZDCAD 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 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
0.8359630 0.8468850 0.8349450 0.8428501 +0.0068870
Entry Signal

MarketClub’s Trade Triangles for NZDCAD

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 0.8348647

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2020 at 0.8281440

short term up The short-term trend has been UP since Apr 7th, 2020 at 0.8424478

Smart Scan Analysis for NZDCAD

Based on our trend formula, NZDCAD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for NZDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8359630 0.8468850 0.8349450 0.8428501 +0.0068870
Prev. Close Volume Bid Ask Time
0.8359630 0.8427107 0.8429894 2020-04-08 21:40:46
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