Forex Trend Analysis Report
Prepared for you on Tuesday, August 9, 2022.
New Zealand Dollar/Canadian Dollar (FOREX:NZDCAD)
Bull Market Weakness (+75) - NZDCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDCAD as it may be in the beginning stages of a reversal.
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 Apr 28th, 2022 at 0.8344000
The intermediate-term trend has been UP since Aug 1st, 2022 at 0.8111800
The short-term trend has been UP since Aug 1st, 2022 at 0.8094758
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).