Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
British Pound/New Zealand Dollar (FOREX:GBPNZD)
Long-Term Uptrend (+90) - GBPNZD is in a strong uptrend that is likely to continue. While GBPNZD 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 GBPNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPNZD
The long-term trend has been UP since Mar 8th, 2021 at 1.941805
The intermediate-term trend has been UP since Jan 19th, 2021 at 1.913795
The short-term trend has been UP since Mar 1st, 2021 at 1.929300
Smart Scan Analysis for GBPNZD
Based on our trend formula, GBPNZD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).