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Forex Trend Analysis Report

Prepared for you on Thursday, August 22, 2019.

New Zealand Dollar/Canadian Dollar (FOREX:NZDCAD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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_NZDCAD
Open High Low NZDCAD Price Change
0.850805 0.851000 0.846600 0.847420 -0.003385
Entry Signal

MarketClub’s Trade Triangles for NZDCAD

long term down The long term trend has been DOWN since Apr 22nd, 2019 at 0.891100

intermediate term down The intermediate term trend has been DOWN since Jul 31st, 2019 at 0.865155

short term down The short term trend has been DOWN since Aug 18th, 2019 at 0.851690

Smart Scan Analysis for NZDCAD

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

-100
Smart Scan Analysis for NZDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.850805 0.851000 0.846600 0.847420 -0.003385
Prev. Close Volume Bid Ask Time
0.850805 0.847250 0.847590 2019-08-22 11:49:52
Want to analyze New Zealand Dollar/Canadian Dollar NZDCAD or another symbol? Try our Free Forex Trend Analysis Report.