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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
New Zealand Dollar/Japanese Yen (FOREX:NZDJPY)
Sidelines Mode (-55) - NZDJPY 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 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.
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MarketClub’s Trade Triangles for NZDJPY
The long-term trend has been DOWN since Jul 25th, 2024 at 89.960
The intermediate-term trend has been DOWN since Nov 8th, 2024 at 90.074
The short-term trend has been UP since Nov 20th, 2024 at 91.690
Smart Scan Analysis for NZDJPY
Based on our trend formula, NZDJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 91.600 | 91.805 | 91.550 | 91.701 | +0.101 |
| Prev. Close | Volume | Bid | Ask | Time |
| 91.600 | 2024-11-20 03:42:39 |