Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, December 3, 2024.

New Zealand Dollar/United Arab Emirates Dirham (FOREX:NZDAED)

Countertrend Down (-85) - NZDAED 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 NZDAED?

MarketClub looks at technical strength and momentum to determine if the timing is right for NZDAED.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NZDAED
Open High Low NZDAED Price Change
2.1587704 2.1656237 2.1581563 2.1600222 +0.0012520
Entry Signal

MarketClub’s Trade Triangles for NZDAED

long term down The long-term trend has been DOWN since Nov 13th, 2024 at 2.1701883

intermediate term down The intermediate-term trend has been DOWN since Oct 7th, 2024 at 2.2584557

short term up The short-term trend has been UP since Nov 27th, 2024 at 2.1557111

Smart Scan Analysis for NZDAED

Based on our trend formula, NZDAED is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for NZDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.1587704 2.1656237 2.1581563 2.1600222 +0.0012520
Prev. Close Volume Bid Ask Time
2.1587704 2024-12-03 19:04:34
Get a free daily analysis and signals for New Zealand Dollar/United Arab Emirates Dirham (NZDAED) - Request Your Free Report.