Forex Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
New Zealand Dollar/Canadian Dollar (FOREX:NZDCAD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
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.
MarketClub’s Trade Triangles for NZDCAD
The long term trend has been DOWN since Apr 22nd, 2019 at 0.8911
The intermediate term trend has been UP since Jun 3rd, 2019 at 0.8879
The short term trend has been DOWN since Jun 7th, 2019 at 0.8833
Smart Scan Analysis for NZDCAD
Based on a pre-defined weighted trend formula for chart analysis, NZDCAD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).