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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 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.

FOREX_NZDXDR
Open High Low NZDXDR Price Change
0.51577642 0.51577642 0.51577642 0.51577642 0.00000000
Entry Signal

MarketClub’s Trade Triangles for NZDXDR

long term up The long-term trend has been UP since Jun 5th, 2020 at 0.45399929

intermediate term up The intermediate-term trend has been UP since Feb 23rd, 2021 at 0.50323062

short term up The short-term trend has been UP since Feb 23rd, 2021 at 0.50236189

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
0.51577642 0.51577642 0.51577642 0.51577642 0.00000000
Prev. Close Volume Bid Ask Time
0.51577642 2021-02-25 07:31:44
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