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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

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

Bull Market Weakness (+75) - NZDAED is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDAED as it may be in the beginning stages of a reversal.

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
2.3078921 2.3095693 2.3066285 2.3095514 +0.0016590
Entry Signal

MarketClub’s Trade Triangles for NZDAED

long term down The long-term trend has been DOWN since Feb 20th, 2020 at 2.3228657

intermediate term up The intermediate-term trend has been UP since Apr 14th, 2020 at 2.2364193

short term up The short-term trend has been UP since May 19th, 2020 at 2.2208134

Smart Scan Analysis for NZDAED

Based on our trend formula, NZDAED is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for NZDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3078921 2.3095693 2.3066285 2.3095514 +0.0016590
Prev. Close Volume Bid Ask Time
2.3078921 2.3081397 2.3109630 2020-06-02 01:51:32
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