Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
New Zealand Dollar/Euro (FOREX:NZDEUR)
Long-Term Downtrend (-90) - NZDEUR is in a strong downtrend that is likely to continue. While NZDEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 0.589380
The intermediate-term trend has been DOWN since Mar 21st, 2023 at 0.574025
The short-term trend has been DOWN since Mar 21st, 2023 at 0.579600
Smart Scan Analysis for NZDEUR
Based on our trend formula, NZDEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).