Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Australian Dollar/New Zealand Dollar (FOREX:AUDNZD)
Sidelines Mode (+50) - AUDNZD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until AUDNZD can gain momentum.
Is it time to buy, sell, or avoid AUDNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDNZD
The long-term trend has been DOWN since Jul 15th, 2021 at 1.0600839
The intermediate-term trend has been UP since Sep 29th, 2021 at 1.0448461
The short-term trend has been UP since Oct 22nd, 2021 at 1.0467791
Smart Scan Analysis for AUDNZD
Based on our trend formula, AUDNZD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).