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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.

FOREX_NZDJPY
Open High Low NZDJPY Price Change
90.9315 90.9905 90.5265 90.6910 -0.2405
Entry Signal

MarketClub’s Trade Triangles for NZDJPY

long term up The long-term trend has been UP since May 2nd, 2023 at 85.32950

intermediate term up The intermediate-term trend has been UP since Nov 5th, 2023 at 89.63873

short term down 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).

+75
Smart Scan Analysis for NZDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
90.9315 90.9905 90.5265 90.6910 -0.2405
Prev. Close Volume Bid Ask Time
90.9315 2023-12-04 17:50:11
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