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.
MarketClub’s Trade Triangles for NZDAED
The long-term trend has been DOWN since Feb 20th, 2020 at 2.3228657
The intermediate-term trend has been UP since Apr 14th, 2020 at 2.2364193
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).