Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, December 7, 2023.

British Pound/New Zealand Dollar (FOREX:GBPNZD)

Long-Term Downtrend (-90) - GBPNZD is in a strong downtrend that is likely to continue. While GBPNZD 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 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.

FOREX_GBPNZD
Open High Low GBPNZD Price Change
2.049540 2.051505 2.036200 2.040200 -0.009340
Entry Signal

MarketClub’s Trade Triangles for GBPNZD

long term down The long-term trend has been DOWN since Sep 29th, 2023 at 2.035205

intermediate term down The intermediate-term trend has been DOWN since Nov 28th, 2023 at 2.058800

short term down The short-term trend has been DOWN since Dec 6th, 2023 at 2.039080

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).

-90
Smart Scan Analysis for GBPNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.049540 2.051505 2.036200 2.040200 -0.009340
Prev. Close Volume Bid Ask Time
2.049540 2023-12-07 14:22:31
Get a free daily analysis and signals for British Pound/New Zealand Dollar (GBPNZD) - Request Your Free Report.