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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Special drawing rights/New Zealand Dollar (FOREX:XDRNZD)
Crossroads (-60) - XDRNZD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid XDRNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for XDRNZD.
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 XDRNZD
The long-term trend has been UP since Mar 20th, 2024 at 2.2020665
The intermediate-term trend has been DOWN since May 8th, 2024 at 2.2072658
The short-term trend has been DOWN since May 8th, 2024 at 2.2072658
Smart Scan Analysis for XDRNZD
Based on our trend formula, XDRNZD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.2031407 | 2.2031407 | 2.2031407 | 2.2031407 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.2031407 | 2024-05-08 21:02:50 |