Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Euro/New Zealand Dollar (FOREX:EURNZD)
Long-Term Downtrend (-90) - EURNZD is in a strong downtrend that is likely to continue. While EURNZD 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 EURNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURNZD
The long-term trend has been DOWN since Sep 3rd, 2021 at 1.66415
The intermediate-term trend has been DOWN since Oct 14th, 2021 at 1.65570
The short-term trend has been DOWN since Oct 4th, 2021 at 1.66870
Smart Scan Analysis for EURNZD
Based on our trend formula, EURNZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).