Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Special drawing rights/New Zealand Dollar (FOREX:XDRNZD)
Crossroads (-60) - XDRNZD is struggling to move into a solid trend. Beware of choppy markets 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.
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 DOWN since May 19th, 2020 at 2.2412135
The short-term trend has been DOWN since May 19th, 2020 at 2.2637879
Smart Scan Analysis for XDRNZD
Based on our trend formula, XDRNZD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).