Forex Trend Analysis Report
Prepared for you on Friday, October 22, 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 Oct 21st, 2021 at 1.60335
The intermediate-term trend has been UP since Oct 18th, 2021 at 1.58795
The short-term trend has been UP since Oct 14th, 2021 at 1.57315
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).