Forex Trend Analysis Report
Prepared for you on Saturday, September 30, 2023.
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.
MarketClub’s Trade Triangles for NZDAED
The long-term trend has been DOWN since Mar 7th, 2023 at 2.2523831
The intermediate-term trend has been UP since Sep 28th, 2023 at 2.1990516
The short-term trend has been UP since Sep 28th, 2023 at 2.1926922
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).