NZD/CAD Forex Sentiment

Our contrarian indicator detected a shift in the Forex sentiment. After the majority of traders were selling the market for many consecutive days, a change in the sentiment has occurred and the bias shifted to long and continued to remain so for the past days. In combination with the price moving downwards, this creates a bearish indicator.

Please note the price and sentiment information displayed in the chart is not real time and may have a delay of a few hours. We provide it in the hope that it will help you devise a trading strategy by offering a longer term view while comparing the price and the sentiment evolution, but we don't recommend to rely solely on it when trading.