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Forex Trend Analysis Report

Prepared for you on Monday, May 6, 2024.

New Zealand Dollar/British Pound (FOREX:NZDGBP)

Weak Downtrend (-65) - NZDGBP is showing signs of a strengthening downtrend. Monitor NZDGBP as it may be building momentum to the downside.

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

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

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

FOREX_NZDGBP
Open High Low NZDGBP Price Change
0.47829 0.47930 0.47789 0.47848 +0.00019
Entry Signal

MarketClub’s Trade Triangles for NZDGBP

long term down The long-term trend has been DOWN since Mar 18th, 2024 at 0.47740

intermediate term down The intermediate-term trend has been DOWN since Apr 30th, 2024 at 0.47150

short term up The short-term trend has been UP since May 2nd, 2024 at 0.47709

Smart Scan Analysis for NZDGBP

Based on our trend formula, NZDGBP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for NZDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.47829 0.47930 0.47789 0.47848 +0.00019
Prev. Close Volume Bid Ask Time
0.47829 2024-05-06 22:25:53
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