Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
British Pound/New Zealand Dollar (FOREX:GBPNZD)
Bear Market Rally (-75) - GBPNZD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPNZD as it may be in the beginning of a reversal.
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 DOWN since May 20th, 2020 at 1.99031
The intermediate-term trend has been DOWN since Nov 4th, 2020 at 1.93470
The short-term trend has been UP since Dec 3rd, 2020 at 1.90372
Smart Scan Analysis for GBPNZD
Based on our trend formula, GBPNZD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).