Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
British Pound/New Zealand Dollar (FOREX:GBPNZD)
Strong Downtrend (-100) - GBPNZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
MarketClub’s Trade Triangles for GBPNZD
The long-term trend has been DOWN since Sep 1st, 2021 at 1.947245
The intermediate-term trend has been DOWN since Oct 17th, 2021 at 1.938000
The short-term trend has been DOWN since Oct 11th, 2021 at 1.963600
Smart Scan Analysis for GBPNZD
Based on our trend formula, GBPNZD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).