Forex Trend Analysis Report
Prepared for you on Thursday, February 27, 2020.
/New Zealand Dollar (FOREX:XDRNZD)
Countertrend Up (+85) - XDRNZD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Jan 27th, 2020 at 2.0957031
The intermediate-term trend has been UP since Jan 27th, 2020 at 2.0957031
The short-term trend has been UP since Feb 10th, 2020 at 2.1309082
Smart Scan Analysis for XDRNZD
Based on our trend formula, XDRNZD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).