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Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2024.
Special drawing rights/New Zealand Dollar (FOREX:XDRNZD)
Sidelines Mode (+55) - XDRNZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Mar 20th, 2024 at 2.2020665
The intermediate-term trend has been UP since Mar 18th, 2024 at 2.1803238
The short-term trend has been DOWN since Apr 18th, 2024 at 2.2303753
Smart Scan Analysis for XDRNZD
Based on our trend formula, XDRNZD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.2194712 | 2.2194712 | 2.2194712 | 2.2194712 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.2194712 | 2024-04-18 07:26:29 |