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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/New Zealand Dollar (FOREX:USDNZD)
Countertrend Up (+85) - USDNZD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid USDNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDNZD.
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 USDNZD
The long-term trend has been UP since Mar 19th, 2024 at 1.656080
The intermediate-term trend has been UP since Mar 18th, 2024 at 1.647730
The short-term trend has been UP since May 8th, 2024 at 1.671165
Smart Scan Analysis for USDNZD
Based on our trend formula, USDNZD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.6650400 | 1.6662350 | 1.6641708 | 1.6660950 | +0.0010550 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.6650400 | 2024-05-09 01:58:35 |