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Forex Trend Analysis Report

Prepared for you on Monday, April 15, 2024.

Special drawing rights/New Zealand Dollar (FOREX:XDRNZD)

Bull Market Weakness (+75) - XDRNZD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XDRNZD as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid XDRNZD?

MarketClub looks at technical strength and momentum to determine if the timing is right for XDRNZD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_XDRNZD
Open High Low XDRNZD Price Change
2.2336924 2.2336924 2.2336924 2.2336924 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDRNZD

long term up The long-term trend has been UP since Mar 20th, 2024 at 2.2020665

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 2.1803238

short term up The short-term trend has been UP since Apr 14th, 2024 at 2.2035557

Smart Scan Analysis for XDRNZD

Based on our trend formula, XDRNZD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for XDRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.2336924 2.2336924 2.2336924 2.2336924 0.0000000
Prev. Close Volume Bid Ask Time
2.2336924 2024-04-14 21:07:28
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