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Forex Trend Analysis Report

Prepared for you on Wednesday, July 17, 2024.

New Zealand Dollar/Euro (FOREX:NZDEUR)

Weak Downtrend (-65) - NZDEUR is showing signs of a strengthening downtrend. Monitor NZDEUR as it may be building momentum to the downside.

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
0.556325 0.557415 0.555200 0.555465 -0.000860
Entry Signal

MarketClub’s Trade Triangles for NZDEUR

long term up The long-term trend has been UP since Jun 3rd, 2024 at 0.5677

intermediate term down The intermediate-term trend has been DOWN since Jul 1st, 2024 at 0.5652

short term down The short-term trend has been DOWN since Jul 9th, 2024 at 0.5648

Smart Scan Analysis for NZDEUR

Based on our trend formula, NZDEUR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for NZDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.556325 0.557415 0.555200 0.555465 -0.000860
Prev. Close Volume Bid Ask Time
0.556325 2024-07-17 12:51:22
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