Forex Trend Analysis Report
Prepared for you on Sunday, December 5, 2021.
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.
MarketClub’s Trade Triangles for NZDEUR
The long-term trend has been UP since Sep 3rd, 2021 at 0.600915
The intermediate-term trend has been DOWN since Nov 25th, 2021 at 0.611400
The short-term trend has been DOWN since Nov 22nd, 2021 at 0.617770
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).