Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

New Zealand Dollar/Australian Dollar (FOREX:NZDAUD)

Bear Market Rally (-75) - NZDAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NZDAUD as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid NZDAUD?

MarketClub looks at technical strength and momentum to determine if the timing is right for NZDAUD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	NZDAUD Price	Change
0.912505	0.913040	0.910755	0.911415	-0.001090
Entry Signal

MarketClub’s Trade Triangles for NZDAUD

The long-term trend has been DOWN since Mar 21st, 2024 at 0.9196609

The intermediate-term trend has been DOWN since Apr 23rd, 2024 at 0.9128000

The short-term trend has been UP since May 7th, 2024 at 0.9109187

Smart Scan Analysis for NZDAUD

Based on our trend formula, NZDAUD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.912505	0.913040	0.910755	0.911415	-0.001090
Prev. Close	Volume	Bid	Ask	Time
0.912505				2024-05-09 14:24:57

Get a free daily analysis and signals for New Zealand Dollar/Australian Dollar (NZDAUD) - Request Your Free Report.