Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Japanese Yen/New Zealand Dollar (FOREX:JPYNZD)
Countertrend Down (-85) - JPYNZD 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 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 DOWN since May 2nd, 2023 at 0.011729
The intermediate-term trend has been DOWN since Nov 5th, 2023 at 0.011152
The short-term trend has been UP since Nov 28th, 2023 at 0.011078
Smart Scan Analysis for JPYNZD
Based on our trend formula, JPYNZD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).