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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
New Zealand Dollar/Special drawing rights (FOREX:NZDXDR)
Long-Term Downtrend (-90) - NZDXDR is in a strong downtrend that is likely to continue. While NZDXDR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.
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MarketClub’s Trade Triangles for NZDXDR
The long-term trend has been DOWN since Jul 26th, 2024 at 0.44699213
The intermediate-term trend has been DOWN since Oct 9th, 2024 at 0.45860688
The short-term trend has been DOWN since Nov 17th, 2024 at 0.44955078
Smart Scan Analysis for NZDXDR
Based on our trend formula, NZDXDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.4457388 | 0.4457388 | 0.4457388 | 0.4457388 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.4457388 | 2024-11-18 13:11:45 |