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Forex Trend Analysis Report

Prepared for you on Monday, July 22, 2019.

Canadian Dollar/New Zealand Dollar (FOREX:CADNZD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_CADNZD
Open High Low CADNZD Price Change
1.130715 1.131250 1.129255 1.130945 +0.000230
Entry Signal

MarketClub’s Trade Triangles for CADNZD

long term up The long term trend has been UP since Apr 22nd, 2019 at 1.122245

intermediate term down The intermediate term trend has been DOWN since Jul 18th, 2019 at 1.135750

short term down The short term trend has been DOWN since Jul 10th, 2019 at 1.150360

Smart Scan Analysis for CADNZD

Based on a pre-defined weighted trend formula for chart analysis, CADNZD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for CADNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.130715 1.131250 1.129255 1.130945 +0.000230
Prev. Close Volume Bid Ask Time
1.130715 1.130710 1.131180 2019-07-22 04:08:09
Want to analyze Canadian Dollar/New Zealand Dollar CADNZD or another symbol? Try our Free Forex Trend Analysis Report.