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.
MarketClub’s Trade Triangles for NZDEUR
The long-term trend has been DOWN since Feb 27th, 2020 at 0.57344
The intermediate-term trend has been UP since Apr 6th, 2020 at 0.55037
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).