Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
US Dollar/New Zealand Dollar (FOREX:USDNZD)
Weak Uptrend (+65) - USDNZD is showing signs of weakening momentum to the upside. Monitor USDNZD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDNZD
The long-term trend has been UP since Feb 20th, 2020 at 1.5817550
The intermediate-term trend has been UP since Jan 20th, 2020 at 1.5151050
The short-term trend has been DOWN since Apr 7th, 2020 at 1.6764464
Smart Scan Analysis for USDNZD
Based on our trend formula, USDNZD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).