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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.

FOREX_USDNZD
Open High Low USDNZD Price Change
1.396375 1.407680 1.394755 1.407030 +0.010655
Entry Signal

MarketClub’s Trade Triangles for USDNZD

long term down The long-term trend has been DOWN since Jun 4th, 2020 at 1.551055

intermediate term up The intermediate-term trend has been UP since Mar 4th, 2021 at 1.396865

short term up 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).

+70
Smart Scan Analysis for USDNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.396375 1.407680 1.394755 1.407030 +0.010655
Prev. Close Volume Bid Ask Time
1.396375 2021-03-08 20:43:30
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