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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Special drawing rights/New Zealand Dollar (FOREX:XDRNZD)
Strong Uptrend (+100) - XDRNZD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, XDRNZD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
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MarketClub’s Trade Triangles for XDRNZD
The long-term trend has been UP since Jul 26th, 2024 at 2.2371758
The intermediate-term trend has been UP since Jul 11th, 2024 at 2.1689556
The short-term trend has been UP since Jun 26th, 2024 at 2.1585245
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.2508793 | 2.2508793 | 2.2508793 | 2.2508793 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.2508793 | 2024-07-26 14:00:16 |