Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
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 Apr 10th, 2023 at 2.1557177
The intermediate-term trend has been DOWN since Nov 16th, 2023 at 2.2348803
The short-term trend has been DOWN since Nov 12th, 2023 at 2.2480381
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).