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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.

FOREX_EURNZD
Open High Low EURNZD Price Change
1.771130 1.776105 1.769730 1.775060 +0.003930
Entry Signal

MarketClub’s Trade Triangles for EURNZD

long term up The long-term trend has been UP since Feb 27th, 2020 at 1.74381

intermediate term down The intermediate-term trend has been DOWN since Apr 6th, 2020 at 1.81695

short term down 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).

-60
Smart Scan Analysis for EURNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.771130 1.776105 1.769730 1.775060 +0.003930
Prev. Close Volume Bid Ask Time
1.771130 1.774750 1.775370 2020-06-02 04:17:38
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