Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
New Zealand Dollar/British Pound (FOREX:NZDGBP)
Countertrend Up (+85) - NZDGBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid NZDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDGBP
The long-term trend has been UP since Sep 1st, 2021 at 0.51355
The intermediate-term trend has been UP since Oct 17th, 2021 at 0.51610
The short-term trend has been DOWN since Oct 25th, 2021 at 0.51790
Smart Scan Analysis for NZDGBP
Based on our trend formula, NZDGBP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).