Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
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.
MarketClub’s Trade Triangles for NZDXDR
The long-term trend has been UP since Oct 23rd, 2021 at 0.50151439
The intermediate-term trend has been UP since Oct 14th, 2021 at 0.49712260
The short-term trend has been UP since Oct 14th, 2021 at 0.49445676
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).