Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
New Zealand Dollar/ (FOREX:NZDXDR)
Bear Market Rally (-75) - NZDXDR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NZDXDR as it may be in the beginning of a reversal.
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 DOWN since Jan 27th, 2020 at 0.47716683
The intermediate-term trend has been UP since Apr 2nd, 2020 at 0.43492081
The short-term trend has been DOWN since Feb 10th, 2020 at 0.46928348
Smart Scan Analysis for NZDXDR
Based on our trend formula, NZDXDR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).