Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
New Zealand Dollar/Canadian Dollar (FOREX:NZDCAD)
Bear Market Rally (-75) - NZDCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NZDCAD as it may be in the beginning 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 Feb 28th, 2020 at 0.8348647
The intermediate-term trend has been DOWN since Mar 18th, 2020 at 0.8281440
The short-term trend has been DOWN since Mar 31st, 2020 at 0.8327850
Smart Scan Analysis for NZDCAD
Based on our trend formula, NZDCAD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).