Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
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 Feb 27th, 2020 at 0.014517
The intermediate-term trend has been UP since May 15th, 2020 at 0.015734
The short-term trend has been DOWN since May 18th, 2020 at 0.015479
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).