Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Euro/New Zealand Dollar (FOREX:EURNZD)
Weak Downtrend (-65) - EURNZD is showing signs of a strengthening downtrend. Monitor EURNZD as it may be building momentum to the downside.
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 DOWN since Jan 6th, 2021 at 1.687600
The short-term trend has been UP since Feb 26th, 2021 at 1.665605
Smart Scan Analysis for EURNZD
Based on our trend formula, EURNZD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).