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.
MarketClub’s Trade Triangles for NZDTOP
The long-term trend has been DOWN since Feb 25th, 2020 at 1.4709
The intermediate-term trend has been UP since May 10th, 2020 at 1.4164
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).