Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
New Zealand Dollar/Canadian Dollar (FOREX:NZDCAD)
Bull Market Weakness (+75) - NZDCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDCAD as it may be in the beginning stages 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 UP since Jan 6th, 2021 at 0.9223600
The intermediate-term trend has been UP since Apr 15th, 2021 at 0.8995617
The short-term trend has been UP since Apr 13th, 2021 at 0.8872000
Smart Scan Analysis for NZDCAD
Based on our trend formula, NZDCAD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).