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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

New Zealand Dollar/Euro (FOREX:NZDEUR)

Long-Term Downtrend (-90) - NZDEUR is in a strong downtrend that is likely to continue. While NZDEUR 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 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.

FOREX_NZDEUR
Open High Low NZDEUR Price Change
0.557915 0.558500 0.556400 0.557635 -0.000280
Entry Signal

MarketClub’s Trade Triangles for NZDEUR

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 0.5575

intermediate term down The intermediate-term trend has been DOWN since Feb 28th, 2024 at 0.5614

short term down The short-term trend has been DOWN since Mar 12th, 2024 at 0.5635

Smart Scan Analysis for NZDEUR

Based on our trend formula, NZDEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NZDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.557915 0.558500 0.556400 0.557635 -0.000280
Prev. Close Volume Bid Ask Time
0.557915 2024-03-19 07:25:56
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