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.
MarketClub’s Trade Triangles for NZDCAD
The long-term trend has been UP since Jan 6th, 2021 at 0.9223600
The intermediate-term trend has been DOWN since Mar 4th, 2021 at 0.9105693
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).