Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, May 31, 2020.

New Zealand Dollar/Euro (FOREX:NZDEUR)

Sidelines Mode (+55) - NZDEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid NZDEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for NZDEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NZDEUR
Open High Low NZDEUR Price Change
0.558895 0.561035 0.556005 0.560460 +0.001565
Entry Signal

MarketClub’s Trade Triangles for NZDEUR

long term down The long-term trend has been DOWN since Feb 27th, 2020 at 0.57344

intermediate term up The intermediate-term trend has been UP since Apr 6th, 2020 at 0.55037

short term down The short-term trend has been DOWN since May 28th, 2020 at 0.55880

Smart Scan Analysis for NZDEUR

Based on our trend formula, NZDEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for NZDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.558895 0.561035 0.556005 0.560460 +0.001565
Prev. Close Volume Bid Ask Time
0.558895 0.560350 0.560570 2020-05-31 23:02:07
Get a free daily analysis and signals for New Zealand Dollar/Euro (NZDEUR) - Request Your Free Report.