Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
Australian Dollar/New Zealand Dollar (FOREX:AUDNZD)
Countertrend Up (+85) - AUDNZD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid AUDNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDNZD
The long-term trend has been UP since Mar 23rd, 2021 at 1.0893950
The intermediate-term trend has been UP since Mar 14th, 2021 at 1.0828454
The short-term trend has been DOWN since Apr 20th, 2021 at 1.0792763
Smart Scan Analysis for AUDNZD
Based on our trend formula, AUDNZD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).