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Forex Trend Analysis Report
Prepared for you on Thursday, September 12, 2024.
Canadian Dollar/New Zealand Dollar (FOREX:CADNZD)
Sidelines Mode (-55) - CADNZD 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 CADNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CADNZD
The long-term trend has been DOWN since May 27th, 2024 at 1.1923144
The intermediate-term trend has been DOWN since Aug 13th, 2024 at 1.2061740
The short-term trend has been UP since Sep 9th, 2024 at 1.1962450
Smart Scan Analysis for CADNZD
Based on our trend formula, CADNZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.199255 | 1.201435 | 1.196935 | 1.201040 | +0.001785 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.199255 | 2024-09-12 05:46:11 |