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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.

FOREX_EURNZD
Open High Low EURNZD Price Change
1.61766 1.62150 1.61761 1.61996 +0.00230
Entry Signal

MarketClub’s Trade Triangles for EURNZD

long term down The long-term trend has been DOWN since Sep 3rd, 2021 at 1.66415

intermediate term down The intermediate-term trend has been DOWN since Oct 14th, 2021 at 1.65570

short term down 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).

-90
Smart Scan Analysis for EURNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.61766 1.62150 1.61761 1.61996 +0.00230
Prev. Close Volume Bid Ask Time
1.61766 2021-10-21 01:14:13
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