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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
New Zealand Dollar/US Dollar (FOREX:NZDUSD)
Countertrend Down (-85) - NZDUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for NZDUSD
The long-term trend has been DOWN since Nov 14th, 2024 at 0.58546
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 0.61450
The short-term trend has been UP since Nov 19th, 2024 at 0.59015
Smart Scan Analysis for NZDUSD
Based on our trend formula, NZDUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.590825 | 0.591100 | 0.588900 | 0.589380 | -0.001445 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.590825 | 2024-11-20 03:43:58 |