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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

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

Crossroads (-60) - XDRNZD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
2.2232849 2.2232849 2.2232849 2.2232849 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDRNZD

long term up The long-term trend has been UP since Jan 27th, 2020 at 2.0957031

intermediate term down The intermediate-term trend has been DOWN since May 19th, 2020 at 2.2412135

short term down The short-term trend has been DOWN since May 19th, 2020 at 2.2637879

Smart Scan Analysis for XDRNZD

Based on our trend formula, XDRNZD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for XDRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.2232849 2.2232849 2.2232849 2.2232849 0.0000000
Prev. Close Volume Bid Ask Time
2.2400401 2.2232849 2.2232849 2020-05-21 21:08:21
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