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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Euro/New Zealand Dollar (FOREX:EURNZD)
Bull Market Weakness (+75) - EURNZD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURNZD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid EURNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EURNZD
The long-term trend has been UP since Mar 19th, 2024 at 1.79350
The intermediate-term trend has been UP since Apr 30th, 2024 at 1.81359
The short-term trend has been UP since May 8th, 2024 at 1.79610
Smart Scan Analysis for EURNZD
Based on our trend formula, EURNZD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.79312 | 1.79663 | 1.78870 | 1.78995 | -0.00317 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.79312 | 2024-05-08 23:08:57 |