Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Special drawing rights/New Zealand Dollar (FOREX:XDRNZD)
Strong Downtrend (-100) - XDRNZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for XDRNZD
The long-term trend has been DOWN since Jun 5th, 2020 at 2.2026466
The intermediate-term trend has been DOWN since Feb 23rd, 2021 at 1.9871605
The short-term trend has been DOWN since Feb 23rd, 2021 at 1.9905969
Smart Scan Analysis for XDRNZD
Based on our trend formula, XDRNZD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).