Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Special drawing rights/New Zealand Dollar (FOREX:XDRNZD)
Weak Downtrend (-65) - XDRNZD is showing signs of a strengthening downtrend. Monitor XDRNZD as it may be building momentum to the downside.
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 UP since Jun 29th, 2021 at 2.0375423
The intermediate-term trend has been DOWN since Oct 14th, 2021 at 2.0115762
The short-term trend has been DOWN since Oct 14th, 2021 at 2.0224215
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).