Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
New Zealand Dollar/Tongan Pa'anga (FOREX:NZDTOP)
Countertrend Up (+85) - NZDTOP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for NZDTOP
The long-term trend has been UP since Jun 8th, 2020 at 1.46215
The intermediate-term trend has been UP since Aug 31st, 2020 at 1.51095
The short-term trend has been UP since Jan 24th, 2021 at 1.64265
Smart Scan Analysis for NZDTOP
Based on our trend formula, NZDTOP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).