Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
New Zealand Dollar/Special drawing rights (FOREX:NZDXDR)
Sidelines Mode (+50) - NZDXDR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until NZDXDR can gain momentum.
Is it time to buy, sell, or avoid NZDXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDXDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDXDR
The long-term trend has been DOWN since Apr 10th, 2023 at 0.46388263
The intermediate-term trend has been UP since Sep 22nd, 2023 at 0.44778667
The short-term trend has been UP since Sep 11th, 2023 at 0.44275688
Smart Scan Analysis for NZDXDR
Based on our trend formula, NZDXDR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).