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Forex Trend Analysis Report

Prepared for you on Monday, July 6, 2020.

New Zealand Dollar/Canadian Dollar (FOREX:NZDCAD)

Long-Term Uptrend (+90) - NZDCAD is in a strong uptrend that is likely to continue. While NZDCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

FOREX_NZDCAD
Open High Low NZDCAD Price Change
0.88666 0.88740 0.88640 0.88687 +0.00021
Entry Signal

MarketClub’s Trade Triangles for NZDCAD

long term up The long-term trend has been UP since Jun 4th, 2020 at 0.8734650

intermediate term up The intermediate-term trend has been UP since Jun 2nd, 2020 at 0.8604000

short term up The short-term trend has been UP since Jul 2nd, 2020 at 0.8827144

Smart Scan Analysis for NZDCAD

Based on our trend formula, NZDCAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for NZDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.88666 0.88740 0.88640 0.88687 +0.00021
Prev. Close Volume Bid Ask Time
0.88666 0.88647 0.88727 2020-07-06 01:34:51
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