Forex Trend Analysis Report
Prepared for you on Sunday, April 2, 2023.
Euro/New Zealand Dollar (FOREX:EURNZD)
Long-Term Uptrend (+90) - EURNZD is in a strong uptrend that is likely to continue. While EURNZD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Sep 26th, 2022 at 1.696675
The intermediate-term trend has been UP since Mar 21st, 2023 at 1.743865
The short-term trend has been UP since Mar 20th, 2023 at 1.724920
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).