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.
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).