Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Euro/New Zealand Dollar (FOREX:EURNZD)
Bear Market Rally (-75) - EURNZD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURNZD as it may be in the beginning of a reversal.
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 DOWN since Jun 2nd, 2020 at 1.759395
The intermediate-term trend has been UP since Mar 22nd, 2021 at 1.675160
The short-term trend has been DOWN since Apr 14th, 2021 at 1.687425
Smart Scan Analysis for EURNZD
Based on our trend formula, EURNZD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).