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Forex Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

New Zealand Dollar/US Dollar (FOREX:NZDUSD)

Sidelines Mode (+55) - NZDUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_NZDUSD
Open High Low NZDUSD Price Change
0.61041 0.61100 0.61010 0.61080 +0.00039
Entry Signal

MarketClub’s Trade Triangles for NZDUSD

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 0.603835

intermediate term up The intermediate-term trend has been UP since May 14th, 2024 at 0.604355

short term down The short-term trend has been DOWN since May 29th, 2024 at 0.610825

Smart Scan Analysis for NZDUSD

Based on our trend formula, NZDUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for NZDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.61041 0.61100 0.61010 0.61080 +0.00039
Prev. Close Volume Bid Ask Time
0.61041 2024-05-30 00:26:40
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