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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

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

Countertrend Down (-85) - NZDXDR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
0.45055778 0.45055778 0.45055778 0.45055778 0.00000000
Entry Signal

MarketClub’s Trade Triangles for NZDXDR

long term down The long-term trend has been DOWN since Mar 20th, 2024 at 0.45411889

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2024 at 0.45864746

short term up The short-term trend has been UP since Apr 18th, 2024 at 0.44835504

Smart Scan Analysis for NZDXDR

Based on our trend formula, NZDXDR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for NZDXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.45055778 0.45055778 0.45055778 0.45055778 0.00000000
Prev. Close Volume Bid Ask Time
0.44624131 2024-04-18 07:26:29
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