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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

New Zealand Dollar/Special drawing rights (FOREX:NZDXDR)

Countertrend Up (+85) - NZDXDR 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 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.

FOREX_NZDXDR
Open High Low NZDXDR Price Change
0.48068643 0.48068643 0.48068643 0.48068643 0.00000000
Entry Signal

MarketClub’s Trade Triangles for NZDXDR

long term up The long-term trend has been UP since Aug 11th, 2022 at 0.48502885

intermediate term up The intermediate-term trend has been UP since Jul 27th, 2022 at 0.46751225

short term up The short-term trend has been UP since Jul 27th, 2022 at 0.46751225

Smart Scan Analysis for NZDXDR

Based on our trend formula, NZDXDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for NZDXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.48068643 0.48068643 0.48068643 0.48068643 0.00000000
Prev. Close Volume Bid Ask Time
0.48068643 2022-08-15 07:20:10
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