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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.

FOREX_EURNZD
Open High Low EURNZD Price Change
1.667200 1.675540 1.663995 1.667785 +0.000585
Entry Signal

MarketClub’s Trade Triangles for EURNZD

long term down The long-term trend has been DOWN since Jun 2nd, 2020 at 1.759395

intermediate term up The intermediate-term trend has been UP since Mar 22nd, 2021 at 1.675160

short term down 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).

-75
Smart Scan Analysis for EURNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.667200 1.675540 1.663995 1.667785 +0.000585
Prev. Close Volume Bid Ask Time
1.667200 2021-05-06 14:37:47
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