Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Australian Dollar/New Zealand Dollar (FOREX:AUDNZD)
Bear Market Rally (-75) - AUDNZD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AUDNZD as it may be in the beginning of a reversal.
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 DOWN since Nov 11th, 2020 at 1.0593926
The intermediate-term trend has been UP since Feb 14th, 2021 at 1.0761500
The short-term trend has been DOWN since Feb 23rd, 2021 at 1.0756045
Smart Scan Analysis for AUDNZD
Based on our trend formula, AUDNZD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).