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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

New Zealand Dollar/Canadian Dollar (FOREX:NZDCAD)

Weak Downtrend (-65) - NZDCAD is showing signs of a strengthening downtrend. Monitor NZDCAD as it may be building momentum to the downside.

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
0.8218300 0.8226188 0.8197000 0.8198006 -0.0020290
Entry Signal

MarketClub’s Trade Triangles for NZDCAD

long term up The long-term trend has been UP since Nov 14th, 2023 at 0.821900

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 Mar 12th, 2024 at 0.829800

Smart Scan Analysis for NZDCAD

Based on our trend formula, NZDCAD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for NZDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8218300 0.8226188 0.8197000 0.8198006 -0.0020290
Prev. Close Volume Bid Ask Time
0.8218300 2024-03-19 05:32:06
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