Free Daily Analysis

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.

FOREX_NZDXDR
Open High Low NZDXDR Price Change
0.45028195 0.45028195 0.45028195 0.45028195 0.00000000
Entry Signal

MarketClub’s Trade Triangles for NZDXDR

long term down The long-term trend has been DOWN since Apr 10th, 2023 at 0.46388263

intermediate term up The intermediate-term trend has been UP since Sep 22nd, 2023 at 0.44778667

short term up 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).

+50
Smart Scan Analysis for NZDXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.45028195 0.45028195 0.45028195 0.45028195 0.00000000
Prev. Close Volume Bid Ask Time
0.45825782 2023-09-23 13:03:35
Get a free daily analysis and signals for New Zealand Dollar/Special drawing rights (NZDXDR) - Request Your Free Report.