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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

US Dollar/New Zealand Dollar (FOREX:USDNZD)

Sidelines Mode (-55) - USDNZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_USDNZD
Open High Low USDNZD Price Change
1.6331867 1.6331867 1.6331867 1.6331867 0.0000000
Entry Signal

MarketClub’s Trade Triangles for USDNZD

long term up The long-term trend has been UP since Mar 19th, 2024 at 1.656080

intermediate term down The intermediate-term trend has been DOWN since May 14th, 2024 at 1.654135

short term up The short-term trend has been UP since May 22nd, 2024 at 1.642270

Smart Scan Analysis for USDNZD

Based on our trend formula, USDNZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for USDNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6331867 1.6331867 1.6331867 1.6331867 0.0000000
Prev. Close Volume Bid Ask Time
1.6331867 2024-05-25 05:07:15
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