Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
New Zealand Dollar/United Arab Emirates Dirham (FOREX:NZDAED)
Long-Term Uptrend (+90) - NZDAED is in a strong uptrend that is likely to continue. While NZDAED is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Jun 3rd, 2020 at 2.3625205
The intermediate-term trend has been UP since Oct 22nd, 2020 at 2.4526502
The short-term trend has been UP since Feb 19th, 2021 at 2.6699797
Smart Scan Analysis for NZDAED
Based on our trend formula, NZDAED is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).