Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
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 DOWN since Feb 27th, 2020 at 68.8930
The intermediate-term trend has been UP since May 20th, 2020 at 66.0335
The short-term trend has been UP since May 18th, 2020 at 64.5935
Smart Scan Analysis for NZDJPY
Based on our trend formula, NZDJPY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).