Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
US Dollar/New Zealand Dollar (FOREX:USDNZD)
Bear Market Rally (-75) - USDNZD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDNZD as it may be in the beginning 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 DOWN since Oct 19th, 2021 at 1.394645
The intermediate-term trend has been DOWN since Oct 17th, 2021 at 1.412990
The short-term trend has been UP since Oct 13th, 2021 at 1.444980
Smart Scan Analysis for USDNZD
Based on our trend formula, USDNZD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).