Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
New Zealand Dollar/United Arab Emirates Dirham (FOREX:NZDAED)
Sidelines Mode (+55) - NZDAED 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 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 Apr 27th, 2022 at 2.3993951
The intermediate-term trend has been UP since Jul 28th, 2022 at 2.3048633
The short-term trend has been DOWN since Aug 16th, 2022 at 2.3329902
Smart Scan Analysis for NZDAED
Based on our trend formula, NZDAED is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).