Forex Trend Analysis Report
Prepared for you on Monday, July 4, 2022.
New Zealand Dollar/US Dollar (FOREX:NZDUSD)
Long-Term Downtrend (-90) - NZDUSD is in a strong downtrend that is likely to continue. While NZDUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for NZDUSD
The long-term trend has been DOWN since Apr 27th, 2022 at 0.653065
The intermediate-term trend has been DOWN since Jun 12th, 2022 at 0.634855
The short-term trend has been DOWN since Jun 21st, 2022 at 0.627195
Smart Scan Analysis for NZDUSD
Based on our trend formula, NZDUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).