Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
Euro/New Zealand Dollar (FOREX:EURNZD)
Strong Downtrend (-100) - EURNZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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 Jun 2nd, 2020 at 1.759395
The intermediate-term trend has been DOWN since Oct 27th, 2020 at 1.758390
The short-term trend has been DOWN since Oct 23rd, 2020 at 1.767670
Smart Scan Analysis for EURNZD
Based on our trend formula, EURNZD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).