Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
New Zealand Dollar/Australian Dollar (FOREX:NZDAUD)
Bull Market Weakness (+75) - NZDAUD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDAUD as it may be in the beginning stages 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 UP since Sep 27th, 2023 at 0.932260
The intermediate-term trend has been UP since Nov 15th, 2023 at 0.927705
The short-term trend has been DOWN since Dec 8th, 2023 at 0.931460
Smart Scan Analysis for NZDAUD
Based on our trend formula, NZDAUD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).