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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.

FOREX_EURNZD
Open High Low EURNZD Price Change
1.674500 1.678945 1.671825 1.674405 -0.000095
Entry Signal

MarketClub’s Trade Triangles for EURNZD

long term up The long-term trend has been UP since Sep 26th, 2022 at 1.696675

intermediate term down The intermediate-term trend has been DOWN since Jan 18th, 2023 at 1.667720

short term up 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).

+55
Smart Scan Analysis for EURNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.674500 1.678945 1.671825 1.674405 -0.000095
Prev. Close Volume Bid Ask Time
1.674500 2023-01-29 23:22:53
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