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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

British Pound/New Zealand Dollar (FOREX:GBPNZD)

Countertrend Down (-85) - GBPNZD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
2.075035 2.080300 2.065600 2.067870 -0.007165
Entry Signal

MarketClub’s Trade Triangles for GBPNZD

long term down The long-term trend has been DOWN since Jun 2nd, 2024 at 2.066400

intermediate term down The intermediate-term trend has been DOWN since May 3rd, 2024 at 2.083775

short term up The short-term trend has been UP since Jun 18th, 2024 at 2.076000

Smart Scan Analysis for GBPNZD

Based on our trend formula, GBPNZD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for GBPNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.075035 2.080300 2.065600 2.067870 -0.007165
Prev. Close Volume Bid Ask Time
2.075035 2024-06-18 16:36:23
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