Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
New Zealand Dollar/Euro (FOREX:NZDEUR)
Bull Market Weakness (+75) - NZDEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDEUR as it may be in the beginning stages of a reversal.
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 DOWN since Sep 26th, 2022 at 0.58938
The intermediate-term trend has been UP since Nov 28th, 2023 at 0.55979
The short-term trend has been UP since Nov 20th, 2023 at 0.55320
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).