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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

New Zealand Dollar/Canadian Dollar (FOREX:NZDCAD)

Long-Term Downtrend (-90) - NZDCAD is in a strong downtrend that is likely to continue. While NZDCAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.8116900 0.8120627 0.8097000 0.8108200 -0.0008700
Entry Signal

MarketClub’s Trade Triangles for NZDCAD

long term down The long-term trend has been DOWN since Mar 27th, 2024 at 0.815225

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2024 at 0.824985

short term down The short-term trend has been DOWN since Apr 14th, 2024 at 0.817100

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
0.8116900 0.8120627 0.8097000 0.8108200 -0.0008700
Prev. Close Volume Bid Ask Time
0.8116900 2024-04-22 15:11:27
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