Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, October 8, 2024.
New Zealand Dollar/US Dollar (FOREX:NZDUSD)
Weak Downtrend (-65) - NZDUSD is showing signs of a strengthening downtrend. Monitor NZDUSD as it may be building momentum to the downside.
Is it time to buy, sell, or avoid NZDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDUSD.
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 NZDUSD
The long-term trend has been UP since Aug 20th, 2024 at 0.6221
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 0.6145
The short-term trend has been DOWN since Oct 1st, 2024 at 0.6296
Smart Scan Analysis for NZDUSD
Based on our trend formula, NZDUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.612425 | 0.614405 | 0.610925 | 0.613020 | +0.000595 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.612425 | 2024-10-08 19:20:24 |
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