Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Euro/New Zealand Dollar (FOREX:EURNZD)
Crossroads (-60) - EURNZD is struggling to move into a solid trend. Beware of choppy markets 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 Feb 27th, 2020 at 1.74381
The intermediate-term trend has been DOWN since Apr 6th, 2020 at 1.81695
The short-term trend has been DOWN since Jun 1st, 2020 at 1.77570
Smart Scan Analysis for EURNZD
Based on our trend formula, EURNZD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).