Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
Japanese Yen/New Zealand Dollar (FOREX:JPYNZD)
Sidelines Mode (+55) - JPYNZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid JPYNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYNZD
The long-term trend has been UP since Mar 24th, 2023 at 0.01236000
The intermediate-term trend has been UP since Mar 10th, 2023 at 0.01207862
The short-term trend has been DOWN since Mar 28th, 2023 at 0.01225400
Smart Scan Analysis for JPYNZD
Based on our trend formula, JPYNZD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).