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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
New Zealand Dollar/Tongan Pa'anga (FOREX:NZDTOP)
Long-Term Downtrend (-90) - NZDTOP is in a strong downtrend that is likely to continue. While NZDTOP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NZDTOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDTOP.
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 NZDTOP
The long-term trend has been DOWN since Apr 2nd, 2024 at 1.42795
The intermediate-term trend has been DOWN since Mar 19th, 2024 at 1.43460
The short-term trend has been DOWN since Apr 11th, 2024 at 1.42540
Smart Scan Analysis for NZDTOP
Based on our trend formula, NZDTOP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.41785 | 1.41785 | 1.41785 | 1.41785 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.42510 | 1.38540 | 1.45030 | 2024-04-30 00:21:44 |