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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

Japanese Yen/New Zealand Dollar (FOREX:JPYNZD)

Bear Market Rally (-75) - JPYNZD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on JPYNZD as it may be in the beginning of a reversal.

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.

FOREX_JPYNZD
Open High Low JPYNZD Price Change
0.010365 0.010376 0.010337 0.010364 -0.000001
Entry Signal

MarketClub’s Trade Triangles for JPYNZD

long term down The long-term trend has been DOWN since May 2nd, 2023 at 0.011729

intermediate term down The intermediate-term trend has been DOWN since Apr 10th, 2024 at 0.010844

short term up The short-term trend has been UP since Jun 17th, 2024 at 0.010405

Smart Scan Analysis for JPYNZD

Based on our trend formula, JPYNZD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for JPYNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.010365 0.010376 0.010337 0.010364 -0.000001
Prev. Close Volume Bid Ask Time
0.010365 2024-06-18 08:51:51
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