Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Euro/New Zealand Dollar (FOREX:EURNZD)
Crossroads (-60) - EURNZD 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 EURNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURNZD
The long-term trend has been UP since Sep 26th, 2022 at 1.696675
The intermediate-term trend has been DOWN since Nov 28th, 2023 at 1.788615
The short-term trend has been DOWN since Nov 20th, 2023 at 1.807885
Smart Scan Analysis for EURNZD
Based on our trend formula, EURNZD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).