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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

New Zealand Dollar/Canadian Dollar (FOREX:NZDCAD)

Strong Downtrend (-100) - NZDCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NZDCAD continues to fall. Traders should use caution and set stops.

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
0.81481 0.81610 0.81210 0.81270 -0.00211
Entry Signal

MarketClub’s Trade Triangles for NZDCAD

long term down The long-term trend has been DOWN since Mar 27th, 2024 at 0.815225

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2024 at 0.824985

short term down The short-term trend has been DOWN since Apr 14th, 2024 at 0.817100

Smart Scan Analysis for NZDCAD

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

-100
Smart Scan Analysis for NZDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.81481 0.81610 0.81210 0.81270 -0.00211
Prev. Close Volume Bid Ask Time
0.81481 2024-04-18 17:23:55
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