NZD/CAD Up 2 Pips On Hourly Chart, Makes Big Move Relative to Past Two Months; Entered Today Up For the 3rd Day In A Row
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
August 12, 2022 21:52 GMT
Over the past 91 days, NZDCAD’s price has been in a clear downtrend, falling by about $0.00 per day.
Over the past 135 days, NZDCAD’s price has been in a clear downtrend, falling by about $0.00 per day.
NZDCAD’s price has moved down $0.05 over the prior 24 months.
NZDCAD has a price of $0.8242, up 2.46% from its value 14 days prior.
+ 500 – Internal server error
+ 500 – Internal server error
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
Or to simplify this another way, note that out of the past 30 days nzdcad’s price has gone down 18 them.
Or to simplify this another way, note that out of the past 30 days nzdcad’s price has gone down 18 them.
It’s been a feast for bears operating on an hourly timeframe, as nzdcad has now gone down 4 of the past 5 hours.
Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed up.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down.
This is a reversal of the price action on the previous hour, in which price moved down.