Forex Trend Analysis Report
Prepared for you on Sunday, June 4, 2023.
New Zealand Dollar/British Pound (FOREX:NZDGBP)
Long-Term Downtrend (-90) - NZDGBP is in a strong downtrend that is likely to continue. While NZDGBP 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 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 DOWN since Mar 12th, 2023 at 0.50820
The intermediate-term trend has been DOWN since May 25th, 2023 at 0.49083
The short-term trend has been DOWN since May 23rd, 2023 at 0.50300
Smart Scan Analysis for NZDGBP
Based on our trend formula, NZDGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).