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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.

FOREX_NZDCAD
Open High Low NZDCAD Price Change
0.8333550 0.8424478 0.8320000 0.8376900 +0.0043350
Entry Signal

MarketClub’s Trade Triangles for NZDCAD

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 0.8348647

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2020 at 0.8281440

short term down 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).

-80
Smart Scan Analysis for NZDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8333550 0.8424478 0.8320000 0.8376900 +0.0043350
Prev. Close Volume Bid Ask Time
0.8333550 0.8374900 0.8378900 2020-04-06 14:14:51
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