Forex Trend Analysis Report
Prepared for you on Monday, July 6, 2020.
New Zealand Dollar/Canadian Dollar (FOREX:NZDCAD)
Long-Term Uptrend (+90) - NZDCAD is in a strong uptrend that is likely to continue. While NZDCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for NZDCAD
The long-term trend has been UP since Jun 4th, 2020 at 0.8734650
The intermediate-term trend has been UP since Jun 2nd, 2020 at 0.8604000
The short-term trend has been UP since Jul 2nd, 2020 at 0.8827144
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).