Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

New Zealand Dollar/Canadian Dollar (FOREX:NZDCAD)

Crossroads (+60) - NZDCAD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

Open	High	Low	NZDCAD Price	Change
0.8223606	0.8232018	0.8200941	0.8201100	-0.0022510
Entry Signal

MarketClub’s Trade Triangles for NZDCAD

The long-term trend has been DOWN since Apr 28th, 2022 at 0.8344000

The intermediate-term trend has been UP since Aug 1st, 2022 at 0.8111800

The short-term trend has been UP since Aug 1st, 2022 at 0.8094758

Smart Scan Analysis for NZDCAD

Based on our trend formula, NZDCAD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.8223606	0.8232018	0.8200941	0.8201100	-0.0022510
Prev. Close	Volume	Bid	Ask	Time
0.8223606				2022-08-15 03:10:36

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