Forex Trend Analysis Report
Prepared for you on Monday, July 4, 2022.
US Dollar/New Zealand Dollar (FOREX:USDNZD)
Long-Term Uptrend (+90) - USDNZD is in a strong uptrend that is likely to continue. While USDNZD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Apr 27th, 2022 at 1.531245
The intermediate-term trend has been UP since Jun 12th, 2022 at 1.575085
The short-term trend has been UP since Jun 21st, 2022 at 1.594830
Smart Scan Analysis for USDNZD
Based on our trend formula, USDNZD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).