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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

New Zealand Dollar/Tongan Pa'anga (FOREX:NZDTOP)

Sidelines Mode (+50) - NZDTOP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until NZDTOP can gain momentum.

Is it time to buy, sell, or avoid NZDTOP?

MarketClub looks at technical strength and momentum to determine if the timing is right for NZDTOP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NZDTOP
Open High Low NZDTOP Price Change
1.4243 1.4243 1.4243 1.4243 0.0000
Entry Signal

MarketClub’s Trade Triangles for NZDTOP

long term down The long-term trend has been DOWN since Feb 25th, 2020 at 1.4709

intermediate term up The intermediate-term trend has been UP since May 10th, 2020 at 1.4164

short term up The short-term trend has been UP since May 10th, 2020 at 1.4049

Smart Scan Analysis for NZDTOP

Based on our trend formula, NZDTOP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for NZDTOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4243 1.4243 1.4243 1.4243 0.0000
Prev. Close Volume Bid Ask Time
1.4356 1.3892 1.4594 2020-06-01 00:18:21
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