Forex Trend Analysis Report
Prepared for you on Sunday, January 29, 2023.
Euro/New Zealand Dollar (FOREX:EURNZD)
Sidelines Mode (+55) - EURNZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 Jan 18th, 2023 at 1.667720
The short-term trend has been UP since Jan 25th, 2023 at 1.687235
Smart Scan Analysis for EURNZD
Based on our trend formula, EURNZD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).