Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
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.
MarketClub’s Trade Triangles for NZDCAD
The long-term trend has been DOWN since Oct 13th, 2021 at 0.8631664
The intermediate-term trend has been DOWN since Sep 26th, 2021 at 0.8865000
The short-term trend has been UP since Oct 14th, 2021 at 0.8683000
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).