Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
New Zealand Dollar/Japanese Yen (FOREX:NZDJPY)
Bull Market Weakness (+75) - NZDJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDJPY as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NZDJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDJPY
The long-term trend has been UP since May 2nd, 2023 at 85.32950
The intermediate-term trend has been UP since Nov 5th, 2023 at 89.63873
The short-term trend has been DOWN since Dec 4th, 2023 at 90.57050
Smart Scan Analysis for NZDJPY
Based on our trend formula, NZDJPY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).