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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.

FOREX_XDRNZD
Open High Low XDRNZD Price Change
2.006555 2.006555 2.006555 2.006555 0.000000
Entry Signal

MarketClub’s Trade Triangles for XDRNZD

long term up The long-term trend has been UP since Jun 29th, 2021 at 2.0375423

intermediate term down The intermediate-term trend has been DOWN since Oct 14th, 2021 at 2.0115762

short term down 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).

-70
Smart Scan Analysis for XDRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.006555 2.006555 2.006555 2.006555 0.000000
Prev. Close Volume Bid Ask Time
2.006555 2021-10-14 07:18:44
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