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Forex Trend Analysis Report

Prepared for you on Monday, December 9, 2019.

Canadian Dollar/New Zealand Dollar (FOREX:CADNZD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
1.150510 1.153645 1.149635 1.153010 +0.002500
Entry Signal

MarketClub’s Trade Triangles for CADNZD

long term down The long term trend has been DOWN since Dec 1st, 2019 at 1.167410

intermediate term down The intermediate term trend has been DOWN since Oct 30th, 2019 at 1.186695

short term down The short term trend has been DOWN since Nov 19th, 2019 at 1.179250

Smart Scan Analysis for CADNZD

Based on a pre-defined weighted trend formula for chart analysis, CADNZD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for CADNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.150510 1.153645 1.149635 1.153010 +0.002500
Prev. Close Volume Bid Ask Time
1.150510 1.152780 1.153240 2019-12-09 14:00:30
Want to analyze Canadian Dollar/New Zealand Dollar CADNZD or another symbol? Try our Free Forex Trend Analysis Report.