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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
New Zealand Dollar/Euro (FOREX:NZDEUR)
Sidelines Mode (+55) - NZDEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid NZDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDEUR.
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 NZDEUR
The long-term trend has been DOWN since Mar 19th, 2024 at 0.557500
The intermediate-term trend has been UP since May 5th, 2024 at 0.559865
The short-term trend has been DOWN since May 8th, 2024 at 0.557000
Smart Scan Analysis for NZDEUR
Based on our trend formula, NZDEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.557685 | 0.559100 | 0.556400 | 0.558700 | +0.001015 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.557685 | 2024-05-08 23:16:45 |