Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
New Zealand Dollar/Australian Dollar (FOREX:NZDAUD)
Sidelines Mode (-50) - NZDAUD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until NZDAUD can gain momentum.
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 UP since Jul 15th, 2021 at 0.943200
The intermediate-term trend has been DOWN since Sep 29th, 2021 at 0.957085
The short-term trend has been DOWN since Oct 22nd, 2021 at 0.954570
Smart Scan Analysis for NZDAUD
Based on our trend formula, NZDAUD is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).