Future Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
NEW ZEALAND $/YEN DECEMBER 2023 (ICE:@ZJ.Z23)
Long-Term Uptrend (+90) - @ZJ.Z23 is in a strong uptrend that is likely to continue. While @ZJ.Z23 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid @ZJ.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for @ZJ.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @ZJ.Z23
The long-term trend has been UP since Jan 23rd, 2023 at 80.605
The intermediate-term trend has been UP since Aug 30th, 2023 at 85.665
The short-term trend has been UP since Nov 24th, 2023 at 89.490
Smart Scan Analysis for @ZJ.Z23
Based on our trend formula, @ZJ.Z23 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||91.065||52wk High Date||2023-12-01|
|52wk Low||85.38||52wk Low Date||2023-09-11|