Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
New Zealand Dollar/Australian Dollar (FOREX:NZDAUD)
Bear Market Rally (-75) - NZDAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NZDAUD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid NZDAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDAUD
The long-term trend has been DOWN since Feb 20th, 2023 at 0.90534
The intermediate-term trend has been DOWN since Mar 24th, 2023 at 0.91341
The short-term trend has been DOWN since Mar 24th, 2023 at 0.92553
Smart Scan Analysis for NZDAUD
Based on our trend formula, NZDAUD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).