Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
US Dollar/New Zealand Dollar (FOREX:USDNZD)
Bull Market Weakness (+75) - USDNZD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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 DOWN since Jun 4th, 2020 at 1.551055
The intermediate-term trend has been UP since Mar 4th, 2021 at 1.396865
The short-term trend has been UP since Feb 26th, 2021 at 1.368500
Smart Scan Analysis for USDNZD
Based on our trend formula, USDNZD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).